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

First Guaranty Bancshares, Inc. (NASDAQ:FGBI) announced a quarterly dividend on Thursday, August 15th, Zacks reports. Investors 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 3.04%. The ex-dividend date of this dividend is Friday, September 20th.

First Guaranty Bancshares has raised its dividend payment 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. 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 Price Performance

NASDAQ:FGBI traded up $0.10 during trading hours on Wednesday, hitting $10.54. 250 shares of the stock traded hands, compared to its average volume of 10,257. The stock has a 50 day moving average price of $10.20 and a 200 day moving average price of $10.26. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.01. The company has a market cap of $131.80 million, a price-to-earnings ratio of 21.31 and a beta of 0.30. First Guaranty Bancshares has a 1 year low of $8.39 and a 1 year high of $13.32.

First Guaranty Bancshares (NASDAQ:FGBI) last issued 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 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%. Sell-side analysts forecast that First Guaranty Bancshares will post 0.85 EPS for the current fiscal 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.