First Guaranty Bancshares (NASDAQ:FGBI) Posts Quarterly Earnings Results, Misses Estimates By $0.13 EPS

First Guaranty Bancshares (NASDAQ:FGBI - Get Free Report) issued its earnings results on Monday. The bank reported $0.03 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.13), Zacks reports. First Guaranty Bancshares had a return on equity of 5.62% and a net margin of 5.04%.

First Guaranty Bancshares Stock Performance

Shares of FGBI stock traded up $0.02 during trading hours on Monday, reaching $10.30. 21,365 shares of the company traded hands, compared to its average volume of 11,632. The company has a market cap of $128.85 million, a P/E ratio of 12.72 and a beta of 0.40. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a 50-day moving average price of $11.80 and a 200 day moving average price of $11.06. First Guaranty Bancshares has a 12-month low of $8.39 and a 12-month high of $15.25.

First Guaranty Bancshares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 27th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.39%. The ex-dividend date of this dividend was Friday, December 27th. First Guaranty Bancshares's dividend payout ratio (DPR) is presently 4.94%.

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.