First Guaranty Bancshares, Inc. (FGBI) To Go Ex-Dividend on December 26th

by · The Markets Daily

First Guaranty Bancshares, Inc. (NASDAQ:FGBI – Get Free Report) declared a quarterly dividend on Thursday, November 20th. Stockholders of record on Friday, December 26th will be given a dividend of 0.01 per share by the bank on Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, December 26th.

First Guaranty Bancshares has decreased its dividend payment by an average of 0.1%annually over the last three years. First Guaranty Bancshares has a dividend payout ratio of 4.4% 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 Trading Down 1.1%

Shares of FGBI traded down $0.06 during mid-day trading on Wednesday, reaching $4.99. The stock had a trading volume of 2,211 shares, compared to its average volume of 14,558. First Guaranty Bancshares has a 52-week low of $4.31 and a 52-week high of $11.70. The firm has a market cap of $76.52 million, a price-to-earnings ratio of -1.21 and a beta of 0.36. The business’s fifty day moving average is $5.87 and its 200 day moving average is $7.49. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.88 and a quick ratio of 0.88.

First Guaranty Bancshares (NASDAQ:FGBI – Get Free Report) last posted its quarterly earnings results on Friday, October 31st. The bank reported ($3.01) earnings per share for the quarter. The firm had revenue of $24.10 million during the quarter. First Guaranty Bancshares had a negative net margin of 25.11% and a negative return on equity of 20.76%. On average, sell-side analysts predict that First Guaranty Bancshares will post 0.89 EPS for the current fiscal year.

About First Guaranty Bancshares

(Get Free Report)

First Guaranty Bancshares, Inc is a financial holding company headquartered in Hammond, Louisiana. Through its principal subsidiary, First Guaranty Bank, the company provides a diversified range of commercial and retail banking services. Founded in 1932, First Guaranty Bancshares has grown from a community mutual bank into a publicly traded institution listed on the Nasdaq under the ticker FGBI.

The company’s core business activities encompass traditional deposit products and lending solutions.

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