First Guaranty Bancshares, Inc. (NASDAQ:FGBI) to Issue Quarterly Dividend of $0.16

First Guaranty Bancshares, Inc. (NASDAQ:FGBIGet Free Report) declared a quarterly dividend on Friday, June 14th, Zacks reports. Stockholders of record on Tuesday, June 25th will be given a dividend of 0.16 per share by the bank on Friday, June 28th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 7.14%. The ex-dividend date is Tuesday, June 25th.

First Guaranty Bancshares has raised its dividend by an average of 3.2% annually over the last three years. First Guaranty Bancshares has a dividend payout ratio of 71.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect First Guaranty Bancshares to earn $0.90 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 71.1%.

First Guaranty Bancshares Stock Down 5.6 %

FGBI opened at $8.96 on Monday. The company has a fifty day moving average price of $10.48 and a 200-day moving average price of $10.93. The firm has a market capitalization of $112.09 million, a P/E ratio of 18.29 and a beta of 0.34. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.00 and a quick ratio of 1.00. First Guaranty Bancshares has a one year low of $8.78 and a one year high of $14.03.

First Guaranty Bancshares (NASDAQ:FGBIGet Free Report) last announced its earnings results on Friday, May 10th. The bank reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.04. First Guaranty Bancshares had a net margin of 3.94% and a return on equity of 3.81%. The company had revenue of $24.23 million during the quarter, compared to analyst estimates of $23.72 million. Equities research analysts expect that First Guaranty Bancshares will post 0.85 earnings per share for the current fiscal year.

About First Guaranty Bancshares

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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.

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Dividend History for First Guaranty Bancshares (NASDAQ:FGBI)

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