First Guaranty Bancshares, Inc. (NASDAQ:FGBI) announced a quarterly dividend on Wednesday, August 25th, Wall Street Journal reports. Investors of record on Monday, September 20th will be given a dividend of 0.16 per share by the bank on Thursday, September 30th. This represents a $0.64 annualized dividend and a dividend yield of 3.48%. The ex-dividend date is Friday, September 17th.
First Guaranty Bancshares has a dividend payout ratio of 29.1% meaning its dividend is sufficiently covered by earnings. Analysts expect First Guaranty Bancshares to earn $2.32 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 27.6%.
NASDAQ FGBI opened at $18.37 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.26. First Guaranty Bancshares has a twelve month low of $11.54 and a twelve month high of $21.29. The company has a market cap of $178.89 million, a price-to-earnings ratio of 7.92 and a beta of 0.45. The business’s fifty day moving average is $19.16 and its 200 day moving average is $18.70.
An institutional investor recently raised its position in First Guaranty Bancshares stock. Royal Bank of Canada grew its holdings in First Guaranty Bancshares, Inc. (NASDAQ:FGBI) by 1,501.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,537 shares of the bank’s stock after purchasing an additional 1,441 shares during the quarter. Royal Bank of Canada’s holdings in First Guaranty Bancshares were worth $30,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 8.86% of the company’s stock.
Separately, Zacks Investment Research raised First Guaranty Bancshares from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Tuesday, August 10th.
First Guaranty Bancshares Company Profile
First Guaranty Bancshares, Inc engages in the provision of personalized commercial banking services to businesses, professionals, and individuals. Its services include personal checking, money market, loans, courtesy sweep, business checking, cash management, courtesy pay, and digital. The company was founded on July 27, 2007 and is headquartered in Hammond, LA.
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