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.

Rewards

Trading at 18.2% below its fair value

Earnings have grown 1.2% per year over the past 5 years

Pays a reliable dividend of 3.33%

Risk Analysis

No risks detected for FGBI from our risk checks.


Snowflake Analysis

Excellent balance sheet average 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

Stable Share Price: FGBI has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.2%

FGBI

-1.5%

US Banks

0.06%

US Market


1 Year Return

0.4%

FGBI

9.7%

US Banks

19.4%

US Market

Return vs Industry: FGBI underperformed the US Banks industry which returned 12.1% over the past year.

Return vs Market: FGBI underperformed the US Market which returned 20.1% over the past year.


Shareholder returns

FGBIIndustryMarket
7 Day-1.2%-1.5%0.06%
30 Day-9.5%-2.8%1.1%
90 Day-0.5%0.3%8.9%
1 Year3.5%0.4%12.9%9.7%21.9%19.4%
3 Year0.6%-7.2%22.5%13.7%48.9%39.3%
5 Year74.2%49.9%72.4%52.8%71.9%53.1%

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?

19.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: FGBI ($19.23) is trading below our estimate of fair value ($23.5)

Significantly Below Fair Value: 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 (13.1x) compared to the Banks industry average (12.6x).

PE vs Market: FGBI is good value based on its PE Ratio (13.1x) compared to the US market (18.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate FGBI's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: FGBI is good value based on its PB Ratio (1.1x) 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 0 analysts?

2.2%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as First Guaranty Bancshares has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

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

1.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FGBI has high quality earnings.

Growing Profit Margin: FGBI's current net profit margins (21.9%) are lower than last year (23.3%).


Past Earnings Growth Analysis

Earnings Trend: FGBI's earnings have grown by 1.2% per year over the past 5 years.

Accelerating Growth: FGBI's earnings growth over the past year (0.2%) is below its 5-year average (1.2% per year).

Earnings vs Industry: FGBI earnings growth over the past year (0.2%) underperformed the Banks industry 12.2%.


Return on Equity

High ROE: FGBI's Return on Equity (8.6%) is considered low.


Return on Assets


Return on Capital Employed


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 not covered by short term assets (assets are 0.9x debt).


Financial Institutions Analysis

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

Allowance for Bad Loans: FGBI has a low 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 (1.11%)


Next Steps

Dividend

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

3.37%

Current Dividend Yield


Dividend Yield vs Market

company3.4%marketbottom25%1.4%markettop25%3.7%industryaverage2.9%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: FGBI's dividend (3.33%) is higher than the bottom 25% of dividend payers in the US market (1.44%).

High Dividend: FGBI's dividend (3.33%) is low compared to the top 25% of dividend payers in the US market (3.69%).


Stability and Growth of Payments

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 (40.5%), FGBI's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

9.8yrs

Average management tenure


CEO

Alton Lewis (70yo)

10.3yrs

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 ($USD474.29K) is below average for companies of similar size in the US market ($USD1.11M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Alton Lewis
Vice Chairman10.3yrsUS$474.29k0.74% $1.4m
Eric Dosch
Treasurer9.8yrsUS$215.19k0.19% $353.1k
Michael Cross
Chief Lending Officer of First Guaranty Bank5.1yrsno datano data

9.8yrs

Average Tenure

63yo

Average Age

Experienced Management: FGBI's management team is seasoned and experienced (9.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Alton Lewis
Vice Chairman10.3yrsUS$474.29k0.74% $1.4m
Marshall Reynolds
Chairman of the Board12.6yrsUS$27.10k23.62% $43.7m
Charles Brister
Director of First Guaranty Bank24.1yrsUS$12.84kno data
Daniel Packer
Director of First Guaranty Bank15.1yrsUS$3.20kno data
Anthony Berner
Director of First Guaranty Bank23.1yrsUS$13.95kno data
William Hood
Independent Director23.1yrsUS$47.46k2.63% $4.9m
Morgan Nalty
Director of First Guaranty Bank19.1yrsUS$5.20kno data
Edwin Hoover
Director of First Guaranty Bank26.1yrsUS$12.85kno data
Edgar Smith
Independent Director5.3yrsUS$21.42k2.95% $5.4m
Jack Rossi
Independent Director2yrsUS$18.60k0.011% $20.9k

17.1yrs

Average Tenure

69yo

Average Age

Experienced Board: FGBI's board of directors are seasoned and experienced ( 17.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

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$184.889m
  • Shares outstanding: 9.74m
  • 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 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. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/19 00:25
End of Day Share Price2020/02/18 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.