First Guaranty Bancshares Inc (NASDAQ: FGBI) has reported earnings for its third fiscal quarter (ending September 30) of $0.11 versus $0.10 for the same period a year ago — an increase of 10%. E.P.S. were $0.84 for the latest four quarters through September 30 versus $0.98 for the same period a year ago — a decline of -14%.
Recent Price Action
On 10/30/24, First Guaranty Bancshares Inc (NASDAQ: FGBI) stock increased 1.7%, closing at $10.35. Moreover, exceptionally high trading volume at 283% of normal accompanied the advance. The stock has been weak relative to the market over the last nine months but is unchanged during the last week.
Current PriceTarget Research Rating
FGBI is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
First Guaranty Bancshares has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. First Guaranty Bancshares has a slightly positive Appreciation Score of 63 but a slightly negative Power Rating of 34, with the Low Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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