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

First Guaranty Bancshares, Inc. (NASDAQ:FGBI - Get Free Report) announced a quarterly dividend on Wednesday, December 18th,Wall Street Journal reports. Stockholders of record on Friday, December 27th will be given a dividend of 0.01 per share by the bank on Tuesday, December 31st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date of this dividend is Friday, December 27th.

First Guaranty Bancshares has increased its dividend by an average of 3.2% per year over the last three years. First Guaranty Bancshares has a payout ratio of 38.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect First Guaranty Bancshares to earn $0.83 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 38.6%.

First Guaranty Bancshares Stock Performance

Shares of NASDAQ FGBI traded down $0.61 during trading hours on Wednesday, reaching $12.18. The stock had a trading volume of 6,447 shares, compared to its average volume of 10,562. The firm has a market cap of $152.31 million, a price-to-earnings ratio of 14.50 and a beta of 0.38. First Guaranty Bancshares has a fifty-two week low of $8.39 and a fifty-two week high of $15.25. The firm has a 50-day moving average of $11.90 and a 200-day moving average of $10.70. 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 Company Profile

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.