NasdaqGM:FGBI

Stock Analysis Report

First Guaranty Bancshares

Executive Summary

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.

Snowflake

Fundamentals

Flawless balance sheet established dividend payer.


Similar Companies

Share Price & News

How has First Guaranty Bancshares's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

1.7%

FGBI

4.8%

US Banks

2.3%

US Market


1 Year Return

-0.5%

FGBI

0.04%

US Banks

5.6%

US Market

Return vs Industry: FGBI underperformed the US Banks industry which returned 0% over the past year.

Return vs Market: FGBI underperformed the US Market which returned 5.6% over the past year.


Shareholder returns

FGBIIndustryMarket
7 Day1.7%4.8%2.3%
30 Day4.3%-0.5%-1.0%
90 Day-3.0%2.0%-0.7%
1 Year2.5%-0.5%2.9%0.04%7.9%5.6%
3 Year48.2%36.8%51.5%41.1%45.6%36.3%
5 Year95.1%67.8%70.9%52.3%65.8%47.6%

Price Volatility Vs. Market

How volatile is First Guaranty Bancshares's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is First Guaranty Bancshares undervalued compared to its fair value and its price relative to the market?

8.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: FGBI ($21.7) is trading below our estimate of fair value ($23.6)

Significantly Undervalued: FGBI is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: FGBI is poor value based on its PE Ratio (15.5x) compared to the Banks industry average (12.6x).

PE vs Market: FGBI is good value based on its PE Ratio (15.5x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

Low PEG Ratio: FGBI is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: FGBI is overvalued based on its PB Ratio (1.2x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

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

19.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FGBI's forecast earnings growth (19.2% per year) is above the savings rate (2.7%).

Earnings vs Market: FGBI's earnings (19.2% per year) are forecast to grow faster than the US market (14.5% per year).

High Growth Earnings: FGBI's earnings are forecast to grow, but not significantly.

Revenue vs Market: FGBI's revenue (14.5% per year) is forecast to grow faster than the US market (7.3% per year).

High Growth Revenue: FGBI's revenue (14.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: FGBI's Return on Equity is forecast to be low in 3 years time (10.5%).


Next Steps

Past Performance

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

3.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: FGBI's earnings have grown by 3.2% per year over the past 5 years.

Accelerating Growth: FGBI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: FGBI had negative earnings growth (-10.2%) over the past year, making it difficult to compare to the Banks industry average (31.8%).


Return on Equity

High ROE: FGBI's Return on Equity (7.8%) is considered low.


Return on Assets

ROA vs Industry: FGBI's Return on Assets is below or equal to the Banks industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate FGBI's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

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


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: FGBI has a low level of unsold assets or inventory.

Debt Coverage by Assets: FGBI's debt is covered by short term assets (assets are 5.468600x debt).


Financial Institutions Analysis

Asset Level: FGBI's level of assets compared to its equity is moderate.

Allowance for Bad Loans: FGBI has a sufficient allowance for bad loans.

Low Risk Liabilities: FGBI's liabilities are made up of primarily low risk sources of funding.

Loan Level: FGBI has an acceptable proportion of non-loan assets held.

Low Risk Deposits: FGBI's loans are broadly funded by customer deposits.

Level of Bad Loans: FGBI has an appropriate level of bad loans (0.79%)


Next Steps

Dividend

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

2.95%

Current Dividend Yield


Dividend Yield vs Market

company2.9%marketbottom25%1.5%markettop25%3.8%industryaverage3.0%forecastin3Years2.9%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: FGBI's dividend (2.95%) is higher than the bottom 25% of dividend payers in the US market (1.46%).

High Dividend: FGBI's dividend (2.95%) is low compared to the top 25% of dividend payers in the US market (3.76%).

Stable Dividend: FGBI's dividends per share have been stable in the past 10 years.

Growing Dividend: FGBI's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (45.6%), FGBI's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: FGBI's dividends in 3 years are forecast to be well covered by earnings (30.5% payout ratio).


Next Steps

Management

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

7.1yrs

Average management tenure


CEO

Alton Lewis (70yo)

10yrs

Tenure

US$474,286

Compensation

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  ...


CEO Compensation Analysis

Compensation vs. Market: Alton's total compensation ($USD474.29K) is about average for companies of similar size in the US market ($USD1.18M).

Compensation vs Earnings: Alton's compensation has been consistent with company performance over the past year.


Management Age and Tenure

7.1yrs

Average Tenure

51yo

Average Age

Experienced Management: FGBI's management team is seasoned and experienced (7.1 years average tenure).


Board Age and Tenure

16.8yrs

Average Tenure

69yo

Average Age

Experienced Board: FGBI's board of directors are seasoned and experienced ( 16.8 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$464,60025 Jun 19
Smith & Hood Investments, Llc
EntityCompany
Shares23,000
Max PriceUS$20.20
BuyUS$18,64009 May 19
Smith & Hood Investments, Llc
EntityCompany
Shares869
Max PriceUS$21.45
BuyUS$96,45409 May 19
Smith & Hood Investments, Llc
EntityCompany
Shares4,600
Max PriceUS$21.00
SellUS$111,21010 Dec 18
Smith & Hood Investments, Llc
EntityCompany
Shares4,987
Max PriceUS$22.30
BuyUS$2,839,10213 Nov 18
Smith & Hood Investments, Llc
EntityCompany
Shares127,314
Max PriceUS$22.30

Ownership Breakdown


Management Team

  • Michael Cross (62yo)

    Chief Lending Officer of First Guaranty Bank

    • Tenure: 4.8yrs
  • Alton Lewis (70yo)

    Vice Chairman

    • Tenure: 10yrs
    • Compensation: US$474.29k
  • Eric Dosch (40yo)

    Treasurer

    • Tenure: 9.4yrs
    • Compensation: US$215.19k
  • Randy Vicknair (37yo)

    Chief Credit Officer of First Guaranty Bank

    • Tenure: 4.8yrs

Board Members

  • Marshall Reynolds (82yo)

    Chairman of the Board

    • Tenure: 12.3yrs
    • Compensation: US$27.10k
  • Charles Brister (67yo)

    Director of First Guaranty Bank

    • Tenure: 23.8yrs
    • Compensation: US$12.84k
  • Dan Packer (71yo)

    Director of First Guaranty Bank

    • Tenure: 14.8yrs
    • Compensation: US$3.20k
  • Anthony Berner (66yo)

    Director of First Guaranty Bank

    • Tenure: 22.8yrs
    • Compensation: US$13.95k
  • William Hood (68yo)

    Director

    • Tenure: 22.8yrs
    • Compensation: US$47.46k
  • Morgan Nalty (53yo)

    Director of First Guaranty Bank

    • Tenure: 18.8yrs
    • Compensation: US$5.20k
  • Edwin Hoover (74yo)

    Director of First Guaranty Bank

    • Tenure: 25.8yrs
    • Compensation: US$12.85k
  • Edgar Smith (55yo)

    Director

    • Tenure: 5yrs
    • Compensation: US$21.42k
  • Alton Lewis (70yo)

    Vice Chairman

    • Tenure: 10yrs
    • Compensation: US$474.29k
  • Jack Rossi (74yo)

    Director

    • Tenure: 1.7yrs
    • Compensation: US$18.60k

Company Information

First Guaranty Bancshares, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: First Guaranty Bancshares, Inc.
  • Ticker: FGBI
  • Exchange: NasdaqGM
  • Founded: 1934
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$191.116m
  • Shares outstanding: 8.81m
  • Website: https://www.fgb.net

Number of Employees


Location

  • First Guaranty Bancshares, Inc.
  • 400 East Thomas Street
  • Hammond
  • Louisiana
  • 70401
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FGBINasdaqGM (Nasdaq Global Market)YesCommon Stock USD 1USUSDMar 2004
1GJDB (Deutsche Boerse AG)YesCommon Stock USD 1DEEURMar 2004

Biography

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 of ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/16 23:50
End of Day Share Price2019/10/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.