First Guaranty Bancshares, Inc. (NASDAQ:FGBI) Announces Quarterly Dividend of $0.08

First Guaranty Bancshares, Inc. (NASDAQ:FGBI) announced a quarterly dividend on Thursday, August 15th, Zacks reports. Shareholders of record on Friday, September 20th will be given a dividend of 0.08 per share by the bank on Monday, September 30th. This represents a $0.32 annualized dividend and a yield of 3.07%. The ex-dividend date is Friday, September 20th.

First Guaranty Bancshares has raised its dividend by an average of 3.2% annually over the last three years. First Guaranty Bancshares has a payout ratio of 35.6% indicating that its dividend is sufficiently covered by earnings. 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 $0.32 annual dividend with an expected future payout ratio of 35.6%.

First Guaranty Bancshares Stock Down 2.0 %

NASDAQ:FGBI opened at $10.44 on Wednesday. The company has a market cap of $130.55 million, a PE ratio of 21.31 and a beta of 0.30. First Guaranty Bancshares has a twelve month low of $8.39 and a twelve month high of $13.32. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.01. The company’s 50 day moving average is $10.20 and its two-hundred day moving average is $10.26.

First Guaranty Bancshares (NASDAQ:FGBI) last released its earnings results on Tuesday, July 23rd. The bank reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.33. The company had revenue of $36.77 million for the quarter, compared to the consensus estimate of $24.86 million. First Guaranty Bancshares had a net margin of 5.53% and a return on equity of 5.84%. Analysts anticipate that First Guaranty Bancshares will post 0.85 EPS for the current year.

First Guaranty Bancshares Company Profile

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.