First Guaranty Bancshares, Inc. (NASDAQ:FGBI – Get 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 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.
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