NasdaqGM:FGBI

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

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 Analysis

Undervalued with solid track record and pays a dividend.


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

-1.0%

FGBI

7.1%

US Banks

-0.04%

US Market


1 Year Return

-32.3%

FGBI

-14.6%

US Banks

17.1%

US Market

Return vs Industry: FGBI underperformed the US Banks industry which returned -17.7% over the past year.

Return vs Market: FGBI underperformed the US Market which returned 16.8% over the past year.


Shareholder returns

FGBIIndustryMarket
7 Day-1.0%7.1%-0.04%
30 Day1.3%8.7%5.1%
90 Day2.9%22.8%19.5%
1 Year-29.7%-32.3%-11.6%-14.6%19.6%17.1%
3 Year-40.3%-45.4%-7.4%-14.9%42.5%33.3%
5 Year2.3%-12.4%18.3%3.9%75.1%56.2%

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?

34.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: FGBI ($12.31) is trading below our estimate of fair value ($18.73)

Significantly Below Fair Value: FGBI is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: FGBI is good value based on its PE Ratio (7.1x) compared to the US Banks industry average (10x).

PE vs Market: FGBI is good value based on its PE Ratio (7.1x) compared to the US market (19.2x).


Price to Earnings Growth Ratio

PEG Ratio: FGBI's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: FGBI is good value based on its PB Ratio (0.7x) compared to the US Banks industry average (0.8x).


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?

-1.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FGBI's earnings are forecast to decline over the next 3 years (-1.8% per year).

Earnings vs Market: FGBI's earnings are forecast to decline over the next 3 years (-1.8% per year).

High Growth Earnings: FGBI's earnings are forecast to decline over the next 3 years.

Revenue vs Market: FGBI's revenue (8.3% per year) is forecast to grow slower than the US market (9.4% per year).

High Growth Revenue: FGBI's revenue (8.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if FGBI's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

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

1.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FGBI has high quality earnings.

Growing Profit Margin: FGBI's current net profit margins (22.9%) are higher than last year (20.4%).


Past Earnings Growth Analysis

Earnings Trend: FGBI's earnings have grown by 1.3% per year over the past 5 years.

Accelerating Growth: FGBI's earnings growth over the past year (36.7%) exceeds its 5-year average (1.3% per year).

Earnings vs Industry: FGBI earnings growth over the past year (36.7%) exceeded the Banks industry -3%.


Return on Equity

High ROE: FGBI's Return on Equity (9.4%) is considered low.


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


Financial Institutions Analysis

Asset Level: FGBI's Assets to Equity ratio (13.5x) is moderate.

Allowance for Bad Loans: FGBI has a low allowance for bad loans (46%).

Low Risk Liabilities: 94% of FGBI's liabilities are made up of primarily low risk sources of funding.

Loan Level: FGBI has an appropriate level of Loans to Assets ratio (67%).

Low Risk Deposits: FGBI's Loans to Deposits ratio (77%) is appropriate.

Level of Bad Loans: FGBI has an appropriate level of bad loans (1.9%).


Next Steps

Dividend

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

5.20%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: FGBI's dividend (5.2%) is higher than the bottom 25% of dividend payers in the US market (1.62%).

High Dividend: FGBI's dividend (5.2%) is in the top 25% of dividend payers in the US market (4.29%)


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 (35.9%), 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?

10.3yrs

Average management tenure


CEO

Alton Lewis (71 yo)

10.83yrs

Tenure

US$499,723

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 ($USD499.72K) is about average for companies of similar size in the US market ($USD589.17K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Alton Lewis
Vice Chairman10.83yrsUS$499.72k0.74%
$ 889.5k
Eric Dosch
Treasurer10.25yrsUS$222.12k0.19%
$ 231.3k
Michael Cross
Chief Lending Officer of First Guaranty Bank5.58yrsno datano data

10.3yrs

Average Tenure

64yo

Average Age

Experienced Management: FGBI's management team is seasoned and experienced (10.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Alton Lewis
Vice Chairman10.83yrsUS$499.72k0.74%
$ 889.5k
Marshall Reynolds
Independent Chairman of the Board13.08yrsUS$25.40k23.56%
$ 28.3m
Charles Brister
Director of First Guaranty Bank24.58yrsUS$12.84kno data
Robert Gabriel
Director of First Guaranty Bankno datano datano data
Daniel Packer
Director of First Guaranty Bank15.58yrsUS$3.20kno data
Anthony Berner
Director of First Guaranty Bank23.58yrsUS$13.95kno data
William Hood
Independent Director23.58yrsUS$53.08k2.49%
$ 3.0m
Morgan Nalty
Director of First Guaranty Bank19.58yrsUS$5.20kno data
Edwin Hoover
Director of First Guaranty Bank26.58yrsUS$12.85kno data
Edgar Smith
Independent Director5.83yrsUS$22.28k3.37%
$ 4.0m
Phillip Fincher
Director of First Guaranty Bankno datano datano data
Jack Rossi
Independent Director2.5yrsUS$22.69k0.011%
$ 13.5k

17.6yrs

Average Tenure

69yo

Average Age

Experienced Board: FGBI's board of directors are seasoned and experienced ( 17.6 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: FGBI 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$119.915m
  • 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 of ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/12 00:05
End of Day Share Price2020/08/11 00:00
Earnings2020/06/30
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.