First Guaranty Bancshares, Inc. (FGBI) to Issue Quarterly Dividend of $0.01 on September 30th

First Guaranty Bancshares, Inc. (NASDAQ:FGBI) declared a quarterly dividend on Thursday, August 20th. Shareholders of record on Friday, September 25th will be given a dividend of 0.01 per share by the bank on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 0.5%. The ex-dividend date is Friday, September 25th.

First Guaranty Bancshares has decreased its dividend by an average of 0.4%per year over the last three years. First Guaranty Bancshares has a dividend payout ratio of 4.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect First Guaranty Bancshares to earn $0.65 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 6.2%.

First Guaranty Bancshares Stock Up 0.7%

Shares of FGBI stock opened at $8.43 on Wednesday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.73 and a quick ratio of 0.73. The company has a market cap of $139.45 million, a price-to-earnings ratio of -3.49 and a beta of 0.42. The stock’s fifty day moving average price is $8.85 and its 200 day moving average price is $9.20. First Guaranty Bancshares has a 1-year low of $4.31 and a 1-year high of $11.02.

First Guaranty Bancshares (NASDAQ:FGBI) last posted its quarterly earnings results on Monday, July 27th. The bank reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.08. The company had revenue of $24.18 million during the quarter, compared to analyst estimates of $21.66 million. First Guaranty Bancshares had a negative net margin of 16.83% and a negative return on equity of 12.25%. On average, research analysts expect that First Guaranty Bancshares will post 0.4 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Robert W. Walker bought 4,000 shares of the stock in a transaction on Tuesday, September 15th. The shares were bought at an average cost of $17.74 per share, for a total transaction of $70,960.00. Following the completion of the transaction, the director owned 11,702 shares of the company’s stock, valued at $207,593.48. This represents a 51.93% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have bought a total of 18,831 shares of company stock worth $282,166 over the last quarter. 49.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On First Guaranty Bancshares

A hedge fund recently raised its position in First Guaranty Bancshares stock. NewEdge Advisors LLC boosted its stake in First Guaranty Bancshares, Inc. (NASDAQ:FGBI) by 1,288.4% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,942 shares of the bank’s stock after buying an additional 6,442 shares during the quarter. NewEdge Advisors LLC’s holdings in First Guaranty Bancshares were worth $56,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 39.52% of the company’s stock.

About First Guaranty Bancshares

First Guaranty Bancshares, Inc is a bank holding company headquartered in Hammond, Louisiana. Through its principal subsidiary, First Guaranty Bank, the company provides community banking services to individuals, businesses and organizations.

First Guaranty Bank offers deposit products such as checking, savings and money market accounts, certificates of deposit and business deposits. Its lending activities include commercial and industrial loans, commercial real estate financing, construction and development loans, residential real estate loans, agricultural lending and consumer loans.

The bank also provides treasury management, online and mobile banking, cash management and other financial services.