First Guaranty Bancshares, Inc. (NASDAQ:FGBI) announced a quarterly dividend on Tuesday, November 21st, Wall Street Journal reports. Investors of record on Tuesday, December 19th will be given a dividend of 0.16 per share by the bank on Friday, December 29th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date is Monday, December 18th.

Shares of First Guaranty Bancshares (FGBI) opened at $27.09 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.75 and a quick ratio of 0.75. The company has a market capitalization of $238.61, a PE ratio of 18.51 and a beta of 0.66. First Guaranty Bancshares has a 52-week low of $19.56 and a 52-week high of $29.50.

First Guaranty Bancshares (NASDAQ:FGBI) last posted its earnings results on Monday, October 30th. The bank reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). First Guaranty Bancshares had a return on equity of 9.29% and a net margin of 17.30%.

FGBI has been the topic of a number of research analyst reports. Sandler O’Neill set a $29.00 target price on First Guaranty Bancshares and gave the stock a “hold” rating in a research report on Wednesday, August 30th. ValuEngine downgraded First Guaranty Bancshares from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, BidaskClub upgraded First Guaranty Bancshares from a “sell” rating to a “hold” rating in a research report on Tuesday, December 12th.

In other First Guaranty Bancshares news, Chairman Marshall T. Reynolds sold 15,814 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $28.31, for a total transaction of $447,694.34. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director William K. Hood acquired 18,987 shares of the firm’s stock in a transaction on Thursday, December 7th. The shares were bought at an average price of $29.00 per share, for a total transaction of $550,623.00. The disclosure for this purchase can be found here. 42.70% of the stock is currently owned by insiders.

A hedge fund recently bought a new stake in First Guaranty Bancshares stock. California State Teachers Retirement System acquired a new stake in shares of First Guaranty Bancshares, Inc. (NASDAQ:FGBI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,900 shares of the bank’s stock, valued at approximately $188,000. California State Teachers Retirement System owned 0.09% of First Guaranty Bancshares at the end of the most recent reporting period. 11.65% of the stock is currently owned by institutional investors and hedge funds.

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About First Guaranty Bancshares

First Guaranty Bancshares, Inc is a bank holding company. The Company operates through its owned subsidiary, First Guaranty Bank (the Bank). The Bank offers personalized commercial banking services to Louisiana customers, through approximately 20 banking facilities located in the Market Services Areas (MSAs).

Dividend History for First Guaranty Bancshares (NASDAQ:FGBI)

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