First Guaranty Bancshares, Inc. (NASDAQ:FGBI) announced a quarterly dividend on Thursday, February 22nd, Wall Street Journal reports. Investors of record on Tuesday, March 20th will be paid a dividend of 0.16 per share by the bank on Friday, March 30th. This represents a $0.64 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend is Monday, March 19th.
Shares of First Guaranty Bancshares (FGBI) opened at $25.40 on Wednesday. The stock has a market capitalization of $228.72, a P/E ratio of 17.74 and a beta of 0.71. First Guaranty Bancshares has a 12-month low of $22.12 and a 12-month high of $29.95. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.75 and a current ratio of 0.75.
A number of brokerages recently issued reports on FGBI. Sandler O’Neill set a $27.00 price target on First Guaranty Bancshares and gave the stock a “hold” rating in a research report on Friday, February 9th. BidaskClub raised First Guaranty Bancshares from a “sell” rating to a “hold” rating in a research report on Tuesday, December 12th. Finally, ValuEngine downgraded First Guaranty Bancshares from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.
A hedge fund recently bought a new stake in First Guaranty Bancshares stock. State Street Corp bought a new stake in First Guaranty Bancshares, Inc. (NASDAQ:FGBI) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 35,945 shares of the bank’s stock, valued at approximately $979,000. State Street Corp owned approximately 0.45% of First Guaranty Bancshares as of its most recent filing with the SEC. Institutional investors own 13.33% of the company’s stock.
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About First Guaranty Bancshares
First Guaranty Bancshares, Inc is a bank holding company. The Company operates through its owned subsidiary, First Guaranty Bank (the Bank). The Bank offers personalized commercial banking services to Louisiana customers, through approximately 20 banking facilities located in the Market Services Areas (MSAs).
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