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

First Guaranty Bancshares, Inc. (NASDAQ:FGBI) declared a quarterly dividend on Wednesday, March 19th, Wall Street Journal reports. Stockholders of record on Thursday, March 27th will be given a dividend of 0.01 per share by the bank on Monday, March 31st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date is Thursday, March 27th.

First Guaranty Bancshares has decreased its dividend payment by an average of 11.7% annually over the last three years. First Guaranty Bancshares has a dividend payout ratio of 3.3% meaning 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 Trading Up 2.5 %

Shares of NASDAQ:FGBI opened at $7.06 on Thursday. The stock has a market capitalization of $88.29 million, a PE ratio of 8.72 and a beta of 0.42. First Guaranty Bancshares has a 1 year low of $6.56 and a 1 year high of $15.25. The firm has a fifty day moving average price of $9.30 and a 200 day moving average price of $10.68. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.91.

First Guaranty Bancshares (NASDAQ:FGBI) last issued its quarterly earnings data on Monday, February 3rd. The bank reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.13). First Guaranty Bancshares had a return on equity of 5.62% and a net margin of 5.04%. Analysts expect that First Guaranty Bancshares will post 0.89 EPS for the current fiscal year.

About First Guaranty Bancshares

First Guaranty Bancshares, Inc operates as the holding company for First Guaranty Bank that provides commercial banking services in Louisiana and Texas. It offers various deposit products, including personal and business checking, savings, money market, and demand accounts, as well as time deposits to consumers, small businesses, and municipalities.