First Guaranty Bancshares (NASDAQ:FGBI) Issues Quarterly Earnings Results

First Guaranty Bancshares (NASDAQ:FGBI) announced 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

First Guaranty Bancshares stock traded down $0.15 during trading hours on Thursday, hitting $10.35. 5,872 shares of the stock were exchanged, compared to its average volume of 11,188. First Guaranty Bancshares has a 12 month low of $8.39 and a 12 month high of $15.25. The business’s 50-day moving average is $11.98 and its two-hundred day moving average is $11.03. The stock has a market capitalization of $129.48 million, a P/E ratio of 12.32 and a beta of 0.42. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.91 and a current ratio of 0.91.

First Guaranty Bancshares Cuts Dividend

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

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.