First Guaranty Bancshares, Inc. (FGBI) to Issue Quarterly Dividend of $0.01 on March 31st

First Guaranty Bancshares, Inc. (NASDAQ:FGBI) declared a quarterly dividend on Thursday, February 19th. Shareholders of record on Friday, March 27th will be paid a dividend of 0.01 per share by the bank on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Friday, March 27th.

First Guaranty Bancshares has decreased its dividend by an average of 0.1%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 $1.22 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 3.3%.

First Guaranty Bancshares Price Performance

FGBI stock traded up $0.03 during trading hours on Wednesday, hitting $8.50. 11,110 shares of the stock traded hands, compared to its average volume of 8,061. The stock has a 50-day simple moving average of $8.66 and a 200 day simple moving average of $7.37. The company has a market cap of $130.48 million, a P/E ratio of -2.06 and a beta of 0.31. First Guaranty Bancshares has a one year low of $4.31 and a one year high of $10.55. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.99.

Analysts Set New Price Targets

A number of analysts recently weighed in on FGBI shares. Weiss Ratings restated a “sell (d)” rating on shares of First Guaranty Bancshares in a report on Thursday, January 22nd. Zacks Research upgraded First Guaranty Bancshares from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce”.

First Guaranty Bancshares Company Profile

First Guaranty Bancshares, Inc is a financial holding company headquartered in Hammond, Louisiana. Through its principal subsidiary, First Guaranty Bank, the company provides a diversified range of commercial and retail banking services. Founded in 1932, First Guaranty Bancshares has grown from a community mutual bank into a publicly traded institution listed on the Nasdaq under the ticker FGBI.

The company’s core business activities encompass traditional deposit products and lending solutions.