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