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First Guaranty Bancshares ( (FGBI) ) has provided an update.
On June 30, 2025, First Guaranty Bancshares, Inc. issued 2,201,448 shares of common stock through various agreements and a private placement. This issuance included 131,460 shares sold in a private placement and 1,981,506 shares exchanged for a subordinated note held by a significant shareholder, Edgar Ray Smith, III. The proceeds from these transactions are intended for general corporate purposes, and the issuance was conducted without underwriting discounts or commissions, leveraging exemptions from registration provisions under the Securities Act.
Spark’s Take on FGBI Stock
According to Spark, TipRanks’ AI Analyst, FGBI is a Neutral.
First Guaranty Bancshares has strong revenue growth and effective cash management, but faces profitability challenges and a high P/E ratio. The technical indicators suggest a bearish trend, though corporate events positively impact the equity position and shareholder value.
To see Spark’s full report on FGBI stock, click here.
More about First Guaranty Bancshares
First Guaranty Bancshares, Inc. operates in the financial services industry, primarily offering banking and investment services. The company focuses on providing a range of financial solutions including loans, deposits, and investment products to its clients.
Average Trading Volume: 20,231
Technical Sentiment Signal: Sell
Current Market Cap: $131.7M
For an in-depth examination of FGBI stock, go to TipRanks’ Overview page.