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

Key Points

• First Guaranty Bancshares, Inc. declared a quarterly dividend of $0.01 per share, with an annualized yield of 0.5%, payable to shareholders on September 30th.
• The bank reported a loss of ($0.61) earnings per share for the last quarter, missing analysts' estimates, and has a negative return on equity of 4.73%.
• Recent analyst ratings show a consensus downgrade for the bank's stock, with a "sell" rating from multiple research firms.

First Guaranty Bancshares, Inc. (NASDAQ:FGBI - Get Free Report) announced a quarterly dividend on Thursday, August 21st, NASDAQ Dividends reports. Stockholders of record on Tuesday, September 23rd will be given a dividend of 0.01 per share by the bank on Tuesday, September 30th. This represents a c) annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Tuesday, September 23rd.

First Guaranty Bancshares has a dividend payout ratio of 4.4% indicating that its dividend is sufficiently covered by earnings. 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 Trading Down 0.4%

Shares of FGBI stock traded down $0.03 on Tuesday, reaching $8.24. 550 shares of the company's stock were exchanged, compared to its average volume of 13,085. First Guaranty Bancshares has a 52 week low of $6.55 and a 52 week high of $15.25. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $124.59 million, a PE ratio of -8.16 and a beta of 0.40. The company's fifty day simple moving average is $8.28 and its 200 day simple moving average is $8.48.

First Guaranty Bancshares (NASDAQ:FGBI - Get Free Report) last issued its quarterly earnings results on Monday, August 18th. The bank reported ($0.61) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.41). First Guaranty Bancshares had a negative return on equity of 4.73% and a negative net margin of 4.49%.The business had revenue of $54.32 million for the quarter, compared to the consensus estimate of $29.20 million. As a group, analysts forecast that First Guaranty Bancshares will post 0.89 EPS for the current year.

Analysts Set New Price Targets

Separately, Zacks Research lowered First Guaranty Bancshares from a "hold" rating to a "strong sell" rating in a research note on Wednesday, September 10th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of "Sell".

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.