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

First Guaranty Bancshares, Inc. (NASDAQ:FGBI - Get Free Report) announced a quarterly dividend on Thursday, March 13th, 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 annualized dividend and a dividend yield of 0.49%. The ex-dividend date is Thursday, March 27th.

First Guaranty Bancshares has decreased its dividend by an average of 11.7% annually over the last three years. First Guaranty Bancshares has a payout ratio of 3.3% 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 Price Performance

Shares of FGBI traded down $0.29 during trading hours on Friday, hitting $8.24. The stock had a trading volume of 22,003 shares, compared to its average volume of 11,777. The company's fifty day moving average is $9.21 and its two-hundred day moving average is $10.65. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.91 and a quick ratio of 0.91. First Guaranty Bancshares has a 52 week low of $6.56 and a 52 week high of $15.25. The stock has a market capitalization of $103.04 million, a price-to-earnings ratio of 10.17 and a beta of 0.42.

First Guaranty Bancshares (NASDAQ:FGBI - Get Free Report) last issued its quarterly earnings data on Monday, February 3rd. The bank reported $0.03 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%. On average, analysts anticipate that First Guaranty Bancshares will post 0.89 EPS for the current year.

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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.