First Guaranty Bancshares, Inc. (NASDAQ:FGBI) Announces Quarterly Dividend of $0.01

First Guaranty Bancshares, Inc. (NASDAQ:FGBI) declared a quarterly dividend on Wednesday, December 18th,Wall Street Journal reports. Investors of record on Friday, December 27th will be paid a dividend of 0.01 per share by the bank on Tuesday, December 31st. This represents a $0.04 annualized dividend and a yield of 0.33%. The ex-dividend date is Friday, December 27th.

First Guaranty Bancshares has increased its dividend payment by an average of 3.2% per year over the last three years. First Guaranty Bancshares has a dividend payout ratio of 38.6% meaning its dividend is sufficiently covered by earnings. Analysts expect First Guaranty Bancshares to earn $0.83 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 38.6%.

First Guaranty Bancshares Trading Down 4.8 %

First Guaranty Bancshares stock opened at $12.18 on Thursday. First Guaranty Bancshares has a one year low of $8.39 and a one year high of $15.25. The stock has a market cap of $152.31 million, a PE ratio of 14.50 and a beta of 0.38. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a 50-day moving average of $11.93 and a two-hundred day moving average of $10.71.

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.