First Guaranty Bancshares, Inc. (NASDAQ:FGBI) released its quarterly earnings data on Monday. The bank reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.01), Bloomberg Earnings reports. First Guaranty Bancshares had a net margin of 18.41% and a return on equity of 9.77%.

First Guaranty Bancshares (FGBI) opened at 26.98 on Tuesday. The firm has a market capitalization of $216.03 million, a price-to-earnings ratio of 16.17 and a beta of 0.67. The stock has a 50 day moving average price of $26.96 and a 200 day moving average price of $26.53. First Guaranty Bancshares has a 1-year low of $17.02 and a 1-year high of $29.35.

An institutional investor recently bought a new position in First Guaranty Bancshares stock. State Street Corp bought a new stake in First Guaranty Bancshares, Inc. (NASDAQ:FGBI) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 35,945 shares of the bank’s stock, valued at approximately $979,000. State Street Corp owned approximately 0.45% of First Guaranty Bancshares at the end of the most recent reporting period. 9.43% of the stock is currently owned by institutional investors.

Separately, Sandler O’Neill set a $29.00 price objective on First Guaranty Bancshares and gave the company a “hold” rating in a research note on Wednesday, August 30th.

WARNING: This news story was posted by Watch List News and is the property of of Watch List News. If you are viewing this news story on another domain, it was illegally stolen and republished in violation of US & international trademark and copyright legislation. The original version of this news story can be read at https://www.watchlistnews.com/first-guaranty-bancshares-inc-fgbi-releases-quarterly-earnings-results-misses-estimates-by-0-01-eps/1667775.html.

First Guaranty Bancshares Company Profile

First Guaranty Bancshares, Inc is a bank holding company. The Company operates through its owned subsidiary, First Guaranty Bank (the Bank). The Bank offers personalized commercial banking services to Louisiana customers, through approximately 20 banking facilities located in the Market Services Areas (MSAs).

Receive News & Ratings for First Guaranty Bancshares Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Guaranty Bancshares Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.