First Guaranty Bancshares, Inc. (FGBI) to Issue Quarterly Dividend of $0.01 on June 30th

First Guaranty Bancshares, Inc. (NASDAQ:FGBI) announced a quarterly dividend on Thursday, May 21st. Investors of record on Friday, June 26th will be paid a dividend of 0.01 per share by the bank on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, June 26th.

First Guaranty Bancshares has decreased its dividend payment by an average of 0.4%annually over the last three years. First Guaranty Bancshares has a payout ratio of 4.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect First Guaranty Bancshares to earn $0.65 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 6.2%.

First Guaranty Bancshares Stock Up 0.8%

Shares of NASDAQ:FGBI opened at $10.47 on Wednesday. The firm has a market cap of $172.34 million, a P/E ratio of -3.27 and a beta of 0.44. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.97. First Guaranty Bancshares has a 12-month low of $4.31 and a 12-month high of $11.02. The business has a fifty day simple moving average of $9.59 and a 200 day simple moving average of $8.38.

First Guaranty Bancshares (NASDAQ:FGBI) last announced its earnings results on Monday, April 27th. The bank reported $0.14 EPS for the quarter, topping the consensus estimate of $0.07 by $0.07. First Guaranty Bancshares had a negative return on equity of 17.06% and a negative net margin of 21.47%.The firm had revenue of $22.90 million for the quarter, compared to the consensus estimate of $22.15 million. Analysts predict that First Guaranty Bancshares will post 0.4 earnings per share for the current year.

About First Guaranty Bancshares

First Guaranty Bancshares, Inc is a financial holding company headquartered in Hammond, Louisiana. Through its principal subsidiary, First Guaranty Bank, the company provides a diversified range of commercial and retail banking services. Founded in 1932, First Guaranty Bancshares has grown from a community mutual bank into a publicly traded institution listed on the Nasdaq under the ticker FGBI.

The company’s core business activities encompass traditional deposit products and lending solutions.