First Guaranty Bancshares (NASDAQ:FGBI) Announces Earnings Results

First Guaranty Bancshares (NASDAQ:FGBI) released its quarterly earnings results on Monday. The bank reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.13), Zacks reports. First Guaranty Bancshares had a return on equity of 5.62% and a net margin of 5.04%.

First Guaranty Bancshares Trading Up 0.2 %

Shares of FGBI opened at $10.30 on Tuesday. The stock has a fifty day moving average price of $11.80 and a two-hundred day moving average price of $11.06. The company has a market cap of $128.85 million, a price-to-earnings ratio of 12.72 and a beta of 0.40. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.91 and a current ratio of 0.91. First Guaranty Bancshares has a 52-week low of $8.39 and a 52-week high of $15.25.

First Guaranty Bancshares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 27th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date of this dividend was Friday, December 27th. First Guaranty Bancshares’s payout ratio is 4.94%.

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.