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

First Guaranty Bancshares, Inc. (NASDAQ:FGBI) declared a quarterly dividend on Thursday, May 21st. Stockholders 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) dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Friday, June 26th.

First Guaranty Bancshares has decreased its dividend by an average of 0.4%annually over the last three years. First Guaranty Bancshares has a dividend payout ratio of 4.4% meaning 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 Stock Up 0.8%

Shares of NASDAQ:FGBI opened at $10.47 on Wednesday. First Guaranty Bancshares has a 1 year low of $4.31 and a 1 year high of $11.02. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.75 and a quick ratio of 0.75. The business’s 50-day moving average is $9.59 and its 200-day moving average is $8.38. The company has a market capitalization of $172.34 million, a price-to-earnings ratio of -3.27 and a beta of 0.44.

First Guaranty Bancshares (NASDAQ:FGBI) last released 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. The business had revenue of $22.90 million during the quarter, compared to analysts’ expectations of $22.15 million. First Guaranty Bancshares had a negative return on equity of 17.06% and a negative net margin of 21.47%. Equities research analysts predict that First Guaranty Bancshares will post 0.4 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of First Guaranty Bancshares in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, First Guaranty Bancshares has a consensus rating of “Reduce”.

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.