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Stock impact report

First Guaranty Bancshares: Preferred Yield Is Tempting, But More Improvement Needed [Seeking Alpha]

First Guaranty Bancshares, Inc. (FGBI) 
NASDAQ:AMEX Investor Relations: fgb.net/investor-relations
Company Research Source: Seeking Alpha
FGBI's preferred shares yield 9.5% but remain risky due to non-cumulative structure and persistent credit quality concerns. Net interest margin and net interest income are at six-year lows, reflecting aggressive loan portfolio downsizing and asset yield compression. Deposit growth and a sharply reduced loan-to-deposit ratio provide future capital flexibility, but high nonperforming assets still threaten earnings stability. HAKINMHAN/iStock via Getty Images Introduction First Guaranty Bancshares ( FGBI ) is a Louisiana-based regional bank. Along with common shares, the bank also has a preferred share ( FGBIP ), which currently yields an impressive 9.5%. The low price and high This article was written by Analyst's Disclosure: I/we have a beneficial long position in the shares of FGBIP either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Show less Read more
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