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First Guaranty Bancshares: Get 8.8% Yield On Preferred Shares
GNTYGuaranty Bancshares(GNTY) Seeking Alpha· Seeking Alpha·2024-06-17 19:57

First Guaranty Bancshares, Inc. (NASDAQ:FGBI) is a small regional bank that has taken its share of hits related to the deposit struggles and higher interest rates facing its industry. Last year, I analyzed the bank and discussed why I would not be taking a position in either the common or preferred shares. After three quarters of new data, I revisited the bank's financials, and determined that the situation had improved enough to take a small position in the preferred shares, but I am still avoiding the Fir ...