First Guaranty Bancshares (NASDAQ:FGBI) Releases Earnings Results, Misses Expectations By $0.13 EPS

First Guaranty Bancshares (NASDAQ:FGBI) released its earnings results on Thursday. The bank reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.13), Zacks reports. First Guaranty Bancshares had a return on equity of 5.78% and a net margin of 5.32%.

First Guaranty Bancshares Price Performance

NASDAQ:FGBI traded down $0.15 during trading hours on Thursday, hitting $10.35. 5,872 shares of the company’s stock traded hands, compared to its average volume of 11,188. The firm has a market cap of $129.48 million, a P/E ratio of 12.32 and a beta of 0.42. First Guaranty Bancshares has a 52 week low of $8.39 and a 52 week high of $15.25. The business’s fifty day simple moving average is $11.98 and its two-hundred day simple moving average is $11.03. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.91.

First Guaranty Bancshares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 27th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.39%. The ex-dividend date was Friday, December 27th. First Guaranty Bancshares’s dividend payout ratio is 4.76%.

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.