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. Stockholders of record on Friday, March 27th will be given a dividend of 0.01 per share by the bank on Tuesday, March 31st. This represents a c) annualized dividend and a dividend 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 dividend payout ratio of 4.4% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Performance

First Guaranty Bancshares stock traded up $0.01 during midday trading on Wednesday, reaching $8.48. 11,110 shares of the stock traded hands, compared to its average volume of 8,061. First Guaranty Bancshares has a fifty-two week low of $4.31 and a fifty-two week 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. The firm has a market cap of $130.12 million, a price-to-earnings ratio of -2.05 and a beta of 0.31. The firm has a fifty day moving average price of $8.66 and a two-hundred day moving average price of $7.37.

Insider Transactions at First Guaranty Bancshares

In related news, Director Marshall T. Reynolds acquired 46,297 shares of the firm’s stock in a transaction dated Wednesday, December 31st. The stock was acquired at an average cost of $5.40 per share, for a total transaction of $250,003.80. Following the completion of the acquisition, the director directly owned 1,993,821 shares of the company’s stock, valued at approximately $10,766,633.40. The trade was a 2.38% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Edgar R. Smith III acquired 208,996 shares of the stock in a transaction that occurred on Wednesday, December 31st. The shares were bought at an average price of $5.40 per share, for a total transaction of $1,128,578.40. Following the purchase, the director directly owned 537,266 shares of the company’s stock, valued at approximately $2,901,236.40. This trade represents a 63.67% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders purchased 347,893 shares of company stock valued at $1,878,622. Company insiders own 47.20% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Empowered Funds LLC lifted its holdings in First Guaranty Bancshares by 8.8% in the 1st quarter. Empowered Funds LLC now owns 46,048 shares of the bank’s stock valued at $355,000 after acquiring an additional 3,742 shares during the last quarter. Acadian Asset Management LLC raised its holdings in shares of First Guaranty Bancshares by 11.1% in the 1st quarter. Acadian Asset Management LLC now owns 49,565 shares of the bank’s stock worth $379,000 after purchasing an additional 4,956 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of First Guaranty Bancshares by 60.1% in the 4th quarter. Renaissance Technologies LLC now owns 28,347 shares of the bank’s stock worth $152,000 after purchasing an additional 10,641 shares in the last quarter. Finally, Barclays PLC lifted its stake in First Guaranty Bancshares by 135.6% during the fourth quarter. Barclays PLC now owns 11,478 shares of the bank’s stock valued at $62,000 after purchasing an additional 6,606 shares during the last quarter. Institutional investors own 39.52% of the company’s stock.

About First Guaranty Bancshares

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.