First Guaranty Bancshares price target lowered to $18.25 from $26.50 at DA Davidson

DA Davidson analyst Kevin Fitzsimmons lowered the firm’s price target on First Guaranty Bancshares to $18.25 from $26.50 and keeps a Neutral rating on the shares. The analyst is citing the company’s anticipated reset lower in net interest margins and in the pace of net interest income following its Q4 results. While First Guaranty Bancshares has a solid track record for organic loan growth and a pending acquisition that provides entry into metro Houston, the reset is likely to continue in Q1, the firm tells investors in a research note.