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

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 paid 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 0.57%. The ex-dividend date is Thursday, March 27th.

First Guaranty Bancshares has decreased its dividend by an average of 11.7% per year over the last three years. First Guaranty Bancshares has a dividend payout ratio of 3.3% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Performance

Shares of NASDAQ FGBI opened at $7.06 on Thursday. The company has a market cap of $88.29 million, a PE ratio of 8.72 and a beta of 0.42. 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 has a 12-month low of $6.56 and a 12-month high of $15.25. The stock has a 50 day simple moving average of $9.30 and a 200-day simple moving average of $10.68.

First Guaranty Bancshares (NASDAQ:FGBI) last announced its earnings results on Monday, February 3rd. The bank reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.13). First Guaranty Bancshares had a net margin of 5.04% and a return on equity of 5.62%. On average, equities research analysts forecast that First Guaranty Bancshares will post 0.89 EPS for the current 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.