First Guaranty Bancshares, Inc. (FGBI) To Go Ex-Dividend on September 25th

First Guaranty Bancshares, Inc. (NASDAQ:FGBI) declared a quarterly dividend on Thursday, August 20th. Investors 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) annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend 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% meaning its dividend is sufficiently covered by earnings. Equities 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 Down 0.1%

First Guaranty Bancshares stock traded down $0.01 during midday trading on Wednesday, reaching $8.36. The company’s stock had a trading volume of 1,481 shares, compared to its average volume of 28,526. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.73 and a quick ratio of 0.73. The stock has a market capitalization of $138.29 million, a P/E ratio of -3.45 and a beta of 0.42. The stock’s 50-day simple moving average is $8.85 and its 200-day simple moving average is $9.20. First Guaranty Bancshares has a 52-week low of $4.31 and a 52-week high of $11.02.

First Guaranty Bancshares (NASDAQ:FGBI) last posted its quarterly earnings data on Monday, July 27th. The bank reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $24.18 million for the quarter, compared to the consensus estimate of $21.66 million. On average, sell-side analysts expect that First Guaranty Bancshares will post 0.4 EPS for the current year.

About First Guaranty Bancshares

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.