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

First Guaranty Bancshares, Inc. (NASDAQ:FGBIGet Free Report) announced a quarterly dividend on Thursday, November 20th. Stockholders of record on Friday, December 26th will be paid a dividend of 0.01 per share by the bank on Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Friday, December 26th.

First Guaranty Bancshares has decreased its dividend payment by an average of 0.1%annually over the last three years. First Guaranty Bancshares has a dividend payout ratio of 4.4% indicating that its dividend is sufficiently covered by earnings. Research 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 opened at $4.98 on Wednesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market capitalization of $76.37 million, a PE ratio of -1.20 and a beta of 0.36. The company’s fifty day moving average price is $5.87 and its 200-day moving average price is $7.49. First Guaranty Bancshares has a one year low of $4.31 and a one year high of $11.84.

First Guaranty Bancshares (NASDAQ:FGBIGet Free Report) last issued its quarterly earnings data on Friday, October 31st. The bank reported ($3.01) earnings per share (EPS) for the quarter. The business had revenue of $24.10 million for the quarter. First Guaranty Bancshares had a negative return on equity of 20.76% and a negative net margin of 25.11%. On average, equities analysts anticipate that First Guaranty Bancshares will post 0.89 EPS for the current fiscal year.

First Guaranty Bancshares Company Profile

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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.

Further Reading

Dividend History for First Guaranty Bancshares (NASDAQ:FGBI)

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