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

First Guaranty Bancshares, Inc. (NASDAQ:FGBI) announced a quarterly dividend on Wednesday, March 19th, Wall Street Journal reports. Stockholders of record on Thursday, March 27th will be paid a dividend of 0.01 per share by the bank on Monday, March 31st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend is Thursday, March 27th.

First Guaranty Bancshares has decreased its dividend by an average of 11.7% annually over the last three years. First Guaranty Bancshares has a payout ratio of 3.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect First Guaranty Bancshares to earn $1.22 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 3.3%.

First Guaranty Bancshares Price Performance

Shares of NASDAQ:FGBI traded up $0.17 on Wednesday, reaching $7.06. 40,195 shares of the company traded hands, compared to its average volume of 11,621. First Guaranty Bancshares has a fifty-two week low of $6.56 and a fifty-two week high of $15.25. The company’s 50 day moving average is $9.37 and its 200-day moving average is $10.70. The stock has a market capitalization of $88.29 million, a PE ratio of 8.72 and a beta of 0.42. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.91 and a quick ratio of 0.91.

First Guaranty Bancshares (NASDAQ:FGBI) last released its earnings results on Monday, February 3rd. The bank reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.13). First Guaranty Bancshares had a net margin of 5.04% and a return on equity of 5.62%. As a group, analysts anticipate that First Guaranty Bancshares will post 0.89 earnings per share for the current fiscal year.

About First Guaranty Bancshares

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.