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

First Guaranty Bancshares, Inc. (NASDAQ:FGBI) announced a quarterly dividend on Thursday, August 20th. Shareholders of record on Friday, September 25th will be paid a dividend of 0.01 per share by the bank on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Friday, September 25th.

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 dividend payout ratio of 4.4% indicating that its dividend is sufficiently covered by earnings. Equities 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 Trading Down 1.4%

First Guaranty Bancshares stock opened at $8.37 on Wednesday. The company’s fifty day simple moving average is $8.85 and its 200-day simple moving average is $9.20. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.96. First Guaranty Bancshares has a 12 month low of $4.31 and a 12 month high of $11.02. The stock has a market cap of $138.44 million, a P/E ratio of -3.46 and a beta of 0.42.

First Guaranty Bancshares (NASDAQ:FGBI) last posted its quarterly earnings results on Monday, July 27th. The bank reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.08. First Guaranty Bancshares had a negative net margin of 16.83% and a negative return on equity of 12.25%. The business had revenue of $24.18 million for the quarter, compared to the consensus estimate of $21.66 million. As a group, sell-side analysts forecast that First Guaranty Bancshares will post 0.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on FGBI. Weiss Ratings lowered First Guaranty Bancshares from a “sell (d)” rating to a “sell (d-)” rating in a research report on Friday, August 14th. Wall Street Zen upgraded First Guaranty Bancshares to a “hold” rating in a report on Saturday, June 27th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

First Guaranty Bancshares Company Profile

First Guaranty Bancshares, Inc is a bank holding company headquartered in Hammond, Louisiana. Through its principal subsidiary, First Guaranty Bank, the company provides community banking services to individuals, businesses and organizations.

First Guaranty Bank offers deposit products such as checking, savings and money market accounts, certificates of deposit and business deposits. Its lending activities include commercial and industrial loans, commercial real estate financing, construction and development loans, residential real estate loans, agricultural lending and consumer loans.

The bank also provides treasury management, online and mobile banking, cash management and other financial services.