First Guaranty Bancshares, Inc. (NASDAQ:FGBI) Plans 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 paid a dividend of 0.08 per share by the bank on Monday, September 30th. This represents a $0.32 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date of this dividend 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% meaning its dividend is sufficiently covered by earnings. Research 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 Trading Up 0.6 %

Shares of FGBI stock opened at $10.50 on Thursday. First Guaranty Bancshares has a fifty-two week low of $8.39 and a fifty-two week high of $13.32. The company has a 50 day moving average price of $10.23 and a 200 day moving average price of $10.26. The stock has a market capitalization of $131.30 million, a P/E ratio of 21.43 and a beta of 0.30. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.00 and a current ratio of 1.00.

First Guaranty Bancshares (NASDAQ:FGBI) last posted its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.53 EPS for the quarter, topping the consensus estimate of $0.20 by $0.33. The business had revenue of $36.77 million during 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%. Equities research analysts predict that First Guaranty Bancshares will post 0.85 EPS 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.