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

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. Investors 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 Stock Up 0.9%

First Guaranty Bancshares stock opened at $8.25 on Friday. The firm has a market cap of $124.74 million, a price-to-earnings ratio of -8.17 and a beta of 0.40. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.88 and a quick ratio of 0.88. First Guaranty Bancshares has a fifty-two week low of $6.55 and a fifty-two week high of $15.25. The firm has a fifty day moving average price of $8.29 and a two-hundred day moving average price of $8.46.

First Guaranty Bancshares (NASDAQ:FGBI - Get Free Report) last released its earnings results on Monday, August 18th. The bank reported ($0.61) earnings per share 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 firm had revenue of $54.32 million for the quarter, compared to analyst estimates of $29.20 million. As a group, analysts forecast that First Guaranty Bancshares will post 0.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

FGBI has been the topic of several research reports. Wall Street Zen downgraded shares of First Guaranty Bancshares from a "hold" rating to a "sell" rating in a report on Saturday, May 24th. Zacks Research lowered shares of First Guaranty Bancshares from a "hold" rating to a "strong sell" rating in a research report on Wednesday, September 10th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock 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.

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