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

First Guaranty Bancshares, Inc. (NASDAQ:FGBIGet Free Report) declared a quarterly dividend on Thursday, May 21st. Shareholders of record on Friday, June 26th will be given a dividend of 0.01 per share by the bank on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 0.4%. The ex-dividend date is Friday, June 26th.

First Guaranty Bancshares has decreased its dividend by an average of 0.4%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. Equities 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 Stock Performance

Shares of FGBI stock opened at $10.47 on Wednesday. The firm has a market capitalization of $172.34 million, a price-to-earnings ratio of -3.27 and a beta of 0.44. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.97. The business’s 50-day moving average price is $9.59 and its 200-day moving average price is $8.38. First Guaranty Bancshares has a 12 month low of $4.31 and a 12 month high of $11.02.

First Guaranty Bancshares (NASDAQ:FGBIGet Free Report) last released its quarterly earnings data on Monday, April 27th. The bank reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.07. The company had revenue of $22.90 million during the quarter, compared to the consensus estimate of $22.15 million. First Guaranty Bancshares had a negative return on equity of 17.06% and a negative net margin of 21.47%. Equities research analysts forecast that First Guaranty Bancshares will post 0.4 EPS for the current year.

First Guaranty Bancshares Company Profile

(Get Free Report)

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.

Recommended Stories

Dividend History for First Guaranty Bancshares (NASDAQ:FGBI)

Receive News & Ratings for First Guaranty Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Guaranty Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.