First Guaranty Bancshares, Inc. (FGBI) To Go Ex-Dividend on March 27th

First Guaranty Bancshares, Inc. (NASDAQ:FGBI) announced a quarterly dividend on Thursday, March 13th, Wall Street Journal reports. Stockholders of record on Thursday, March 27th will be given a dividend of 0.01 per share by the bank on Monday, March 31st. This represents a $0.04 annualized dividend and a dividend yield of 0.51%. The ex-dividend date is Thursday, March 27th.

First Guaranty Bancshares has decreased its dividend by an average of 11.7% per year over the last three years. First Guaranty Bancshares has a payout ratio of 3.3% 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 Price Performance

Shares of First Guaranty Bancshares stock opened at $7.90 on Tuesday. The company has a market capitalization of $98.79 million, a price-to-earnings ratio of 9.75 and a beta of 0.42. The stock’s 50-day simple moving average is $9.16 and its 200-day simple moving average is $10.64. First Guaranty Bancshares has a 52 week low of $6.56 and a 52 week high of $15.25. 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 (NASDAQ:FGBI) last issued its quarterly earnings data on Monday, February 3rd. The bank reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.13). First Guaranty Bancshares had a net margin of 5.04% and a return on equity of 5.62%. As a group, analysts expect that First Guaranty Bancshares will post 0.89 earnings per share for the current fiscal year.

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.