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

First Guaranty Bancshares, Inc. (NASDAQ:FGBI) declared a quarterly dividend on Monday, December 16th,Wall Street Journal reports. Investors of record on Friday, December 27th will be given a dividend of 0.01 per share by the bank on Tuesday, December 31st. This represents a $0.04 annualized dividend and a yield of 0.34%. The ex-dividend date of this dividend is Friday, December 27th.

First Guaranty Bancshares has increased its dividend payment by an average of 3.2% per year over the last three years. First Guaranty Bancshares has a dividend payout ratio of 38.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect First Guaranty Bancshares to earn $0.83 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 38.6%.

First Guaranty Bancshares Price Performance

First Guaranty Bancshares stock opened at $11.65 on Wednesday. The firm has a fifty day moving average of $12.04 and a 200-day moving average of $10.76. First Guaranty Bancshares has a 52-week low of $8.39 and a 52-week high of $15.25. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $145.68 million, a P/E ratio of 13.87 and a beta of 0.38.

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.