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

First Guaranty Bancshares, Inc. (NASDAQ:FGBI) declared a quarterly dividend on Wednesday, December 18th,Wall Street Journal reports. Shareholders 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 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date is Friday, December 27th.

First Guaranty Bancshares has raised its dividend payment by an average of 3.2% annually over the last three years. First Guaranty Bancshares has a payout ratio of 38.6% meaning its dividend is sufficiently covered by earnings. 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 Trading Down 2.0 %

Shares of NASDAQ FGBI traded down $0.26 during trading hours on Wednesday, hitting $12.53. The company’s stock had a trading volume of 2,834 shares, compared to its average volume of 10,545. First Guaranty Bancshares has a 12 month low of $8.39 and a 12 month high of $15.25. The stock has a market cap of $156.69 million, a price-to-earnings ratio of 14.92 and a beta of 0.38. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.91 and a current ratio of 0.91. The business has a 50-day simple moving average of $11.90 and a 200-day simple moving average of $10.70.

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.