First Guaranty Bancshares, Inc. (NASDAQ:FGBI) to Issue Quarterly Dividend of $0.01

First Guaranty Bancshares, Inc. (NASDAQ:FGBI) announced a quarterly dividend on Thursday, August 20th. Stockholders of record on Friday, September 25th will be paid a dividend of 0.01 per share by the bank on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, September 25th.

First Guaranty Bancshares has decreased its dividend by an average of 0.4%annually over the last three years. First Guaranty Bancshares has a payout ratio of 4.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect First Guaranty Bancshares to earn $0.65 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 6.2%.

First Guaranty Bancshares Price Performance

Shares of NASDAQ FGBI opened at $8.37 on Wednesday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.96. The stock has a market cap of $138.44 million, a price-to-earnings ratio of -3.46 and a beta of 0.42. The company’s 50-day moving average price is $8.85 and its 200 day moving average price is $9.20. First Guaranty Bancshares has a 52 week low of $4.31 and a 52 week high of $11.02.

First Guaranty Bancshares (NASDAQ:FGBI) last released its quarterly earnings results on Monday, July 27th. The bank reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.08. The company had revenue of $24.18 million during the quarter, compared to analysts’ expectations of $21.66 million. First Guaranty Bancshares had a negative return on equity of 12.25% and a negative net margin of 16.83%. As a group, research analysts forecast that First Guaranty Bancshares will post 0.4 earnings per share for the current fiscal year.

First Guaranty Bancshares Company Profile

First Guaranty Bancshares, Inc is a bank holding company headquartered in Hammond, Louisiana. Through its principal subsidiary, First Guaranty Bank, the company provides community banking services to individuals, businesses and organizations.

First Guaranty Bank offers deposit products such as checking, savings and money market accounts, certificates of deposit and business deposits. Its lending activities include commercial and industrial loans, commercial real estate financing, construction and development loans, residential real estate loans, agricultural lending and consumer loans.

The bank also provides treasury management, online and mobile banking, cash management and other financial services.