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First Guaranty Bancshares

Nasdaq:FGBI
Snowflake Description

Flawless balance sheet second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FGBI
Nasdaq
$188M
Market Cap
  1. Home
  2. US
  3. Banks
Company description

First Guaranty Bancshares, Inc. operates as the holding company for First Guaranty Bank that provides commercial banking services to businesses, professionals, and individuals in Louisiana and Texas. The last earnings update was 3 days ago. More info.


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FGBI Share Price and Events
7 Day Returns
0.4%
NasdaqGM:FGBI
2.4%
US Banks
2.4%
US Market
1 Year Returns
-19.6%
NasdaqGM:FGBI
-9.8%
US Banks
1.9%
US Market
FGBI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
First Guaranty Bancshares (FGBI) 0.4% 1.5% -1.4% -19.6% 48.5% 83%
US Banks 2.4% 0.5% 12.6% -9.8% 48.9% 40.9%
US Market 2.4% 1.7% 11.9% 1.9% 38.2% 42.4%
1 Year Return vs Industry and Market
  • FGBI underperformed the Banks industry which returned -9.8% over the past year.
  • FGBI underperformed the Market in United States of America which returned 1.9% over the past year.
Price Volatility
FGBI
Industry
5yr Volatility vs Market

FGBI Value

 Is First Guaranty Bancshares undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of First Guaranty Bancshares to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data    Our intrinsic value calculation method has changed recently, learn more here.

Below are the data sources, inputs and calculation used to determine the intrinsic value for First Guaranty Bancshares.

NasdaqGM:FGBI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $15.90 * 10.1%
$1.60
Book Value of Equity per Share Median Book Value from the past 5 years. $15.90
Discount Rate (Cost of Equity) See below 7.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGM:FGBI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.64
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.637 (1 + (1- 21%) (18.39%))
0.819
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.82
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.819 * 5.96%)
7.61%

Discounted Cash Flow Calculation for NasdaqGM:FGBI using Excess Returns Model Model

The calculations below outline how an intrinsic value for First Guaranty Bancshares is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqGM:FGBI Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (10.1% – 7.61%) * $15.90)
$0.39
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.39 / (7.61% - 2.73%)
$8.02
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $15.90 + $8.02
$23.91
NasdaqGM:FGBI Discount to Share Price
Calculation Result
Value per share (USD) From above. $23.91
Current discount Discount to share price of $21.33
= -1 x ($21.33 - $23.91) / $23.91
10.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price First Guaranty Bancshares is available for.
Intrinsic value
11%
Share price is $21.33 vs Future cash flow value of $23.91
Current Discount Checks
For First Guaranty Bancshares to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • First Guaranty Bancshares's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • First Guaranty Bancshares's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for First Guaranty Bancshares's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are First Guaranty Bancshares's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGM:FGBI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $1.61
NasdaqGM:FGBI Share Price ** NasdaqGM (2019-03-18) in USD $21.33
United States of America Banks Industry PE Ratio Median Figure of 587 Publicly-Listed Banks Companies 13.36x
United States of America Market PE Ratio Median Figure of 3,055 Publicly-Listed Companies 17.61x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of First Guaranty Bancshares.

NasdaqGM:FGBI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGM:FGBI Share Price ÷ EPS (both in USD)

= 21.33 ÷ 1.61

13.22x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • First Guaranty Bancshares is good value based on earnings compared to the US Banks industry average.
  • First Guaranty Bancshares is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does First Guaranty Bancshares's expected growth come at a high price?
Raw Data
NasdaqGM:FGBI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.22x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
8%per year
United States of America Banks Industry PEG Ratio Median Figure of 260 Publicly-Listed Banks Companies 1.24x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

NasdaqGM:FGBI PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.22x ÷ 8%

1.64x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • First Guaranty Bancshares is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on First Guaranty Bancshares's assets?
Raw Data
NasdaqGM:FGBI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $16.72
NasdaqGM:FGBI Share Price * NasdaqGM (2019-03-18) in USD $21.33
United States of America Banks Industry PB Ratio Median Figure of 592 Publicly-Listed Banks Companies 1.25x
United States of America Market PB Ratio Median Figure of 5,152 Publicly-Listed Companies 1.87x
NasdaqGM:FGBI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGM:FGBI Share Price ÷ Book Value per Share (both in USD)

= 21.33 ÷ 16.72

1.28x

* Primary Listing of First Guaranty Bancshares.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • First Guaranty Bancshares is overvalued based on assets compared to the US Banks industry average.
X
Value checks
We assess First Guaranty Bancshares's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. First Guaranty Bancshares has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

FGBI Future Performance

 How is First Guaranty Bancshares expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is First Guaranty Bancshares expected to grow at an attractive rate?
  • First Guaranty Bancshares's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • First Guaranty Bancshares's earnings growth is positive but not above the United States of America market average.
  • First Guaranty Bancshares's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGM:FGBI Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGM:FGBI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 8%
NasdaqGM:FGBI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 8.9%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 4.3%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 5.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGM:FGBI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGM:FGBI Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 73 17 1
2019-12-31 68 15 1
NasdaqGM:FGBI Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 61 27 14
2018-09-30 62 24 14
2018-06-30 61 23 14
2018-03-31 58 17 12
2017-12-31 58 12 12
2017-09-30 55 14 12
2017-06-30 54 15 13
2017-03-31 55 17 14
2016-12-31 54 22 14
2016-09-30 54 24 14
2016-06-30 54 20 15
2016-03-31 52 19 14

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • First Guaranty Bancshares's earnings are expected to grow by 8% yearly, however this is not considered high growth (20% yearly).
  • First Guaranty Bancshares's revenue is expected to grow by 8.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGM:FGBI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from First Guaranty Bancshares Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:FGBI Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 1.90 1.90 1.90 1.00
2019-12-31 1.75 1.75 1.75 1.00
NasdaqGM:FGBI Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 1.61
2018-09-30 1.60
2018-06-30 1.56
2018-03-31 1.39
2017-12-31 1.37
2017-09-30 1.46
2017-06-30 1.52
2017-03-31 1.70
2016-12-31 1.68
2016-09-30 1.72
2016-06-30 1.81
2016-03-31 1.77

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • First Guaranty Bancshares is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess First Guaranty Bancshares's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
First Guaranty Bancshares has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

FGBI Past Performance

  How has First Guaranty Bancshares performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare First Guaranty Bancshares's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • First Guaranty Bancshares's year on year earnings growth rate has been positive over the past 5 years.
  • First Guaranty Bancshares's 1-year earnings growth exceeds its 5-year average (21% vs 6.4%)
  • First Guaranty Bancshares's earnings growth has not exceeded the US Banks industry average in the past year (21% vs 43.2%).
Earnings and Revenue History
First Guaranty Bancshares's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from First Guaranty Bancshares Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:FGBI Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 60.95 14.21 30.72
2018-09-30 61.94 14.10 29.75
2018-06-30 61.43 13.77 29.05
2018-03-31 58.46 12.10 27.64
2017-12-31 57.67 11.75 26.52
2017-09-30 55.14 12.41 24.92
2017-06-30 53.77 12.72 23.70
2017-03-31 55.26 14.19 23.14
2016-12-31 54.14 14.09 22.30
2016-09-30 53.67 14.21 21.12
2016-06-30 53.83 14.61 20.64
2016-03-31 52.39 13.98 20.31
2015-12-31 52.56 14.12 20.79
2015-09-30 52.40 13.54 20.51
2015-06-30 50.88 12.63 20.58
2015-03-31 49.46 11.44 20.67
2014-12-31 48.31 10.83 20.47
2014-09-30 47.50 10.70 20.16
2014-06-30 46.63 9.96 19.85
2014-03-31 45.65 9.31 19.60
2013-12-31 44.71 8.43 18.96
2013-09-30 45.85 8.38 19.31
2013-06-30 47.00 8.79 19.11
2013-03-31 48.19 9.33 18.76
2012-12-31 49.19 10.09 18.48
2012-09-30 45.69 8.11 17.90
2012-06-30 42.47 6.96 17.84
2012-03-31 40.51 6.56 17.25

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • First Guaranty Bancshares has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • First Guaranty Bancshares used its assets less efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if First Guaranty Bancshares improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess First Guaranty Bancshares's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
First Guaranty Bancshares has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

FGBI Health

 How is First Guaranty Bancshares's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of First Guaranty Bancshares's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from First Guaranty Bancshares Company Filings, last reported 2 months ago.

NasdaqGM:FGBI Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 147.28 34.54 127.97
2018-09-30 142.34 59.26 63.86
2018-06-30 141.20 46.91 27.80
2018-03-31 140.00 36.71 32.26
2017-12-31 143.98 52.94 38.03
2017-09-30 142.77 45.66 23.86
2017-06-30 140.27 38.89 30.80
2017-03-31 126.91 37.96 18.09
2016-12-31 124.35 43.23 18.11
2016-09-30 129.15 47.63 23.81
2016-06-30 127.41 47.89 18.51
2016-03-31 123.30 39.66 26.57
2015-12-31 118.22 42.22 38.27
2015-09-30 148.33 2.81 19.40
2015-06-30 145.75 14.96 21.03
2015-03-31 146.12 3.11 54.93
2014-12-31 139.58 3.26 54.82
2014-09-30 136.41 13.91 38.29
2014-06-30 135.23 3.56 30.51
2014-03-31 129.46 10.54 80.59
2013-12-31 123.41 6.29 30.23
2013-09-30 125.06 43.11 61.58
2013-06-30 124.08 30.19 55.28
2013-03-31 134.10 15.62 79.13
2012-12-31 134.18 15.85 59.08
2012-09-30 134.46 13.02 77.65
2012-06-30 131.42 20.81 45.50
2012-03-31 124.81 15.43 54.60
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • First Guaranty Bancshares has an acceptable proportion of non-loan assets held.
  • First Guaranty Bancshares's liabilities are made up of primarily low risk sources of funding.
  • Loans at First Guaranty Bancshares are broadly funded by customer deposits.
  • First Guaranty Bancshares's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • First Guaranty Bancshares has a sufficient allowance for bad loans.
  • First Guaranty Bancshares has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess First Guaranty Bancshares's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. First Guaranty Bancshares has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

FGBI Dividends

 What is First Guaranty Bancshares's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3%
Current annual income from First Guaranty Bancshares dividends. Estimated to be 3% next year.
If you bought $2,000 of First Guaranty Bancshares shares you are expected to receive $60 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • First Guaranty Bancshares's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • First Guaranty Bancshares's dividend is below the markets top 25% of dividend payers in United States of America (3.64%).
Upcoming dividend payment

Purchase First Guaranty Bancshares on or before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGM:FGBI Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 470 Stocks 2.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGM:FGBI Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.64 1.00
2019-12-31 0.64 1.00
NasdaqGM:FGBI Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-25 0.640 3.032
2018-11-19 0.640 2.993
2018-08-20 0.640 2.672
2018-05-21 0.640 2.386
2018-02-20 0.640 2.446
2017-11-20 0.640 2.459
2017-08-21 0.582 2.387
2017-05-22 0.582 2.408
2017-02-21 0.582 2.604
2016-11-21 0.582 2.843
2016-08-22 0.582 3.803
2016-05-20 0.582 3.978
2016-02-26 0.582 4.067
2015-12-11 0.582 3.592
2015-08-24 0.529 3.195
2015-05-26 0.529 3.415
2015-05-19 0.529 3.529
2015-04-09 0.529 3.620
2015-02-20 0.529 3.698
2014-12-19 0.529 3.516
2014-08-26 0.529 3.942
2014-06-04 0.529 4.403
2013-11-20 0.529 4.561
2013-11-04 0.529 4.169
2013-08-14 0.529 4.858
2013-05-14 0.529 4.575
2013-04-02 0.529 4.567
2012-11-13 0.529 4.950
2012-08-14 0.529 4.751
2012-08-07 0.529 4.794
2012-07-03 0.529 5.203
2012-02-14 0.481 3.368
2011-11-10 0.481 4.923
2010-11-19 0.481 4.987
2010-09-28 0.481 5.387
2009-12-14 0.481 5.194

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, First Guaranty Bancshares has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but First Guaranty Bancshares only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of First Guaranty Bancshares's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3x coverage).
X
Income/ dividend checks
We assess First Guaranty Bancshares's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can First Guaranty Bancshares afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. First Guaranty Bancshares has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

FGBI Management

 What is the CEO of First Guaranty Bancshares's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Alton Lewis
COMPENSATION $483,453
AGE 69
TENURE AS CEO 9.4 years
CEO Bio

Mr. Alton B. Lewis, Jr. has been the Chief Executive Officer and President of First Guaranty Bank and also its holding company First Guaranty Bancshares, Inc. since October 1, 2009. Mr. Lewis has been the President at First Guaranty Bancshares Inc. since January 17, 2013. He has been a Partner of Cashe, Lewis, Coudrain & Sandage and its predecessor firm since January 1989. He has been Vice Chairman at First Guaranty Bancshares, Inc. and First Guaranty Bank since October 1, 2009. Mr. Lewis has been a Director of First Guaranty Bancshares Inc. and First Guaranty Bank since 2001.

CEO Compensation
  • Alton's compensation has increased by more than 20% in the past year.
  • Alton's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the First Guaranty Bancshares management team in years:

6.5
Average Tenure
39
Average Age
  • The average tenure for the First Guaranty Bancshares management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Alton Lewis

TITLE
Vice Chairman
COMPENSATION
$483K
AGE
69
TENURE
9.4 yrs

Eric Dosch

TITLE
Treasurer
COMPENSATION
$219K
AGE
39
TENURE
8.8 yrs

Michael Cross

TITLE
Chief Lending Officer of First Guaranty Bank
TENURE
4.2 yrs

Randy Vicknair

TITLE
Chief Credit Officer of First Guaranty Bank
AGE
36
TENURE
4.2 yrs
Board of Directors Tenure

Average tenure and age of the First Guaranty Bancshares board of directors in years:

12.9
Average Tenure
68
Average Age
  • The average tenure for the First Guaranty Bancshares board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Marshall Reynolds

TITLE
Chairman of the Board
COMPENSATION
$27K
AGE
81
TENURE
11.7 yrs

Alton Lewis

TITLE
Vice Chairman
COMPENSATION
$483K
AGE
69
TENURE
9.4 yrs

Jack Rossi

TITLE
Director
AGE
73
TENURE
1.1 yrs

Edgar Smith

TITLE
Director
COMPENSATION
$24K
AGE
54
TENURE
4.4 yrs

William Hood

TITLE
Director
COMPENSATION
$39K
AGE
67
TENURE
11.7 yrs

Morgan Nalty

TITLE
Director of First Guaranty Bank
COMPENSATION
$5K
AGE
52
TENURE
18.2 yrs

Dan Packer

TITLE
Director of First Guaranty Bank
COMPENSATION
$3K
AGE
70
TENURE
14.2 yrs

Edwin Hoover

TITLE
Director of First Guaranty Bank
COMPENSATION
$13K
AGE
73
TENURE
25.2 yrs

Charles Brister

TITLE
Director of First Guaranty Bank
COMPENSATION
$13K
AGE
66
TENURE
23.2 yrs

Anthony Berner

TITLE
Director of First Guaranty Bank
COMPENSATION
$14K
AGE
66
TENURE
22.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
10. Dec 18 Sell Smith & Hood Investments, Llc Company 06. Dec 18 06. Dec 18 -4,987 $22.30 $-111,210
13. Nov 18 Buy Smith & Hood Investments, Llc Company 09. Nov 18 09. Nov 18 127,314 $22.30 $2,839,102
20. Sep 18 Buy Jack Rossi Individual 09. May 18 09. May 18 1,000 $26.92 $26,919
22. Jun 18 Sell Marshall Reynolds Individual 20. Jun 18 20. Jun 18 -58,575 $27.00 $-1,581,525
X
Management checks
We assess First Guaranty Bancshares's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. First Guaranty Bancshares has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

FGBI News

Simply Wall St News

Do Insiders Own Lots Of Shares In First Guaranty Bancshares, Inc. (NASDAQ:FGBI)?

If you want to know who really controls First Guaranty Bancshares, Inc. … With a market capitalization of US$187m, First Guaranty Bancshares is a small cap stock, so it might not be well known by many institutional investors. … Check out our latest analysis for First Guaranty Bancshares

Simply Wall St -

First Guaranty Bancshares Shareholders Have Enjoyed A 81% Share Price Gain

To wit, the First Guaranty Bancshares share price has climbed 81% in five years, easily topping the market return of 59%. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … Over half a decade, First Guaranty Bancshares managed to grow its earnings per share at 7.8% a year.

Simply Wall St -

Is First Guaranty Bancshares, Inc. (NASDAQ:FGBI) An Attractive Dividend Stock?

Dividends can be underrated but they form a large part of investment returns, playing an important role in compounding returns in the long run. … Historically, First Guaranty Bancshares, Inc. … Let's dig deeper into whether First Guaranty Bancshares should have a place in your portfolio.

Simply Wall St -

Three Key Risks For First Guaranty Bancshares, Inc. (NASDAQ:FGBI) You Should Know

As a small-cap bank with a market capitalisation of US$192m, First Guaranty Bancshares, Inc.’s (NASDAQ:FGBI) profit and value are directly affected by economic activity. … Risk associate with repayment is measured by the level of bad debt which is an expense written off First Guaranty Bancshares’s bottom line. … Check out our latest analysis for First Guaranty Bancshares?

Simply Wall St -

Have Insiders Been Selling First Guaranty Bancshares, Inc. (NASDAQ:FGBI) Shares This Year?

So we'll take a look at whether insiders have been buying or selling shares in First Guaranty Bancshares, Inc. … It is perfectly legal for company insiders, including board members, to buy and sell stock in a company. … The Last 12 Months Of Insider Transactions At First Guaranty Bancshares.

Simply Wall St -

Do You Know What First Guaranty Bancshares, Inc.'s (NASDAQ:FGBI) P/E Ratio Means?

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … We'll look at First Guaranty Bancshares, Inc.'s (NASDAQ:FGBI) P/E ratio and reflect on what it tells us about the company's share price. … First Guaranty Bancshares has a price to earnings ratio of 12.59, based on the last twelve months.

Simply Wall St -

Consider This Before Buying First Guaranty Bancshares Inc (NASDAQ:FGBI) For The 2.9% Dividend

A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. … Historically, First Guaranty Bancshares Inc (NASDAQ:FGBI) has been paying a dividend to shareholders. … Let's dig deeper into whether First Guaranty Bancshares should have a place in your portfolio.

Simply Wall St -

Risk Factors To Consider Before Investing In First Guaranty Bancshares Inc (NASDAQ:FGBI)

As a small-cap bank with a market capitalisation of US$202m, First Guaranty Bancshares Inc’s (NASDAQ:FGBI) profit and value are directly affected by economic activity. … Risk associate with repayment is measured by the level of bad debt which is an expense written off First Guaranty Bancshares’s bottom line. … See our latest analysis for First Guaranty Bancshares

Simply Wall St -

What’s Installed For First Guaranty Bancshares Inc (NASDAQ:FGBI)?

operates in the banking industry, … Many aspects of banking and capital markets are being attacked by new competitors, whose key advantage is a leaner and technology-enabled operating model, allowing them to scale at a faster rate and meet changing consumer needs … Financial services analysts are forecasting for the entire industry,

Simply Wall St -

Who Just Sold Their Shares In First Guaranty Bancshares Inc (NASDAQ:FGBI)?

some insider selling over the past three months, with insiders divesting from. … Generally, insiders selling shares in their own firm sends a bearish signal. … A research published in The MIT Press (1998) concluded that stocks following insider selling fell 2.7% compared to the market

Simply Wall St -

FGBI Company Info

Description

First Guaranty Bancshares, Inc. operates as the holding company for First Guaranty Bank that provides commercial banking services to businesses, professionals, and individuals in Louisiana and Texas. It offers various deposit products, including personal and business checking, savings, money market, and demand accounts, as well as time deposits. The company also provides loans, such as non-farm non-residential loans secured by real estate, commercial and industrial loans, one- to four-family residential loans, construction and land development loans, agricultural loans, farmland loans, consumer and other loans, and multifamily loans. In addition, it offers a range of consumer services, including personal and commercial credit cards, remote deposit capture, safe deposit boxes, official checks, Internet banking, automated teller machines, online bill pay, mobile banking, and lockbox services. The company operates through 27 banking facilities located in market services areas of Hammond, Baton Rouge, Lafayette, Shreveport-Bossier City, Dallas-Fort Worth-Arlington, and Waco. First Guaranty Bancshares, Inc. was founded in 1934 and is headquartered in Hammond, Louisiana.

Details
Name: First Guaranty Bancshares, Inc.
FGBI
Exchange: NasdaqGM
Founded: 1934
$187,857,042
8,807,175
Website: http://www.fgb.net
Address: First Guaranty Bancshares, Inc.
400 East Thomas Street,
Hammond,
Louisiana, 70401,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGM FGBI Common Stock USD 1 Nasdaq Global Market US USD 18. Mar 2004
DB 1GJ Common Stock USD 1 Deutsche Boerse AG DE EUR 18. Mar 2004
Number of employees
Current staff
Staff numbers
355
First Guaranty Bancshares employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/18 23:51
End of day share price update: 2019/03/18 00:00
Last estimates confirmation: 2019/02/05
Last earnings filing: 2019/03/15
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.