First Guaranty Bancshares
Market Cap
US$184.9m
Last Updated
2020/02/19 00:25 UTC
Data Sources
Company Financials
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
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
| FGBI | Industry | Market | |
|---|---|---|---|
| 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 Year | 3.5%0.4% | 12.9%9.7% | 21.9%19.4% |
| 3 Year | 0.6%-7.2% | 22.5%13.7% | 48.9%39.3% |
| 5 Year | 74.2%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
1 week ago | Simply Wall St
Why First Guaranty Bancshares, Inc.'s (NASDAQ:FGBI) High P/E Ratio Isn't Necessarily A Bad Thing1 month ago | Simply Wall St
Is First Guaranty Bancshares, Inc.'s (NASDAQ:FGBI) CEO Pay Justified?2 months ago | Simply Wall St
Should You Buy First Guaranty Bancshares, Inc. (NASDAQ:FGBI) For Its Upcoming Dividend In 3 Days?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
- Examine whether First Guaranty Bancshares is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Explore growth companies in the Banks industry.
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
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Vice Chairman | 10.3yrs | US$474.29k | 0.74% $1.4m | |
| Treasurer | 9.8yrs | US$215.19k | 0.19% $353.1k | |
| Chief Lending Officer of First Guaranty Bank | 5.1yrs | no data | no 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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Vice Chairman | 10.3yrs | US$474.29k | 0.74% $1.4m | |
| Chairman of the Board | 12.6yrs | US$27.10k | 23.62% $43.7m | |
| Director of First Guaranty Bank | 24.1yrs | US$12.84k | no data | |
| Director of First Guaranty Bank | 15.1yrs | US$3.20k | no data | |
| Director of First Guaranty Bank | 23.1yrs | US$13.95k | no data | |
| Independent Director | 23.1yrs | US$47.46k | 2.63% $4.9m | |
| Director of First Guaranty Bank | 19.1yrs | US$5.20k | no data | |
| Director of First Guaranty Bank | 26.1yrs | US$12.85k | no data | |
| Independent Director | 5.3yrs | US$21.42k | 2.95% $5.4m | |
| Independent Director | 2yrs | US$18.60k | 0.011% $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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| FGBI | NasdaqGM (Nasdaq Global Market) | Yes | Common Stock USD 1 | US | USD | Mar 2004 |
| 1GJ | DB (Deutsche Boerse AG) | Yes | Common Stock USD 1 | DE | EUR | Mar 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.Â
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/19 00:25 |
| End of Day Share Price | 2020/02/18 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.