First Guaranty Bancshares, Inc. (NASDAQ:FGBI – Get Free Report) declared a quarterly dividend on Thursday, August 15th, Zacks reports. Shareholders of record on Friday, September 20th will be given a dividend of 0.08 per share by the bank on Monday, September 30th. This represents a $0.32 annualized dividend and a yield of 3.04%. The ex-dividend date is Friday, September 20th.
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 dividend payout ratio of 35.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect First Guaranty Bancshares to earn $0.90 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 35.6%.
First Guaranty Bancshares Stock Performance
FGBI stock opened at $10.54 on Wednesday. The stock has a market cap of $131.80 million, a P/E ratio of 21.31 and a beta of 0.30. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a 50 day simple moving average of $10.20 and a 200 day simple moving average of $10.26. First Guaranty Bancshares has a 52 week low of $8.39 and a 52 week high of $13.32.
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.
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