First Guaranty Bancshares, Inc. (NASDAQ:FGBI) to Issue $0.16 Quarterly Dividend

First Guaranty Bancshares, Inc. (NASDAQ:FGBI) declared a quarterly dividend on Wednesday, May 22nd, Wall Street Journal reports. Shareholders of record on Friday, June 21st will be paid a dividend of 0.16 per share by the bank on Friday, June 28th. This represents a $0.64 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date is Thursday, June 20th.

First Guaranty Bancshares has raised its dividend by an average of 58.7% per year over the last three years and has increased its dividend every year for the last 3 years.

Shares of First Guaranty Bancshares stock opened at $20.64 on Friday. First Guaranty Bancshares has a 12-month low of $19.20 and a 12-month high of $28.00. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market capitalization of $181.25 million, a price-to-earnings ratio of 13.11 and a beta of 0.39.

In related news, Director William K. Hood bought 5,469 shares of the company’s stock in a transaction on Tuesday, May 7th. The stock was bought at an average cost of $21.04 per share, with a total value of $115,067.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 41.40% of the company’s stock.

A hedge fund recently raised its stake in First Guaranty Bancshares stock. Geode Capital Management LLC lifted its holdings in shares of First Guaranty Bancshares, Inc. (NASDAQ:FGBI) by 14.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,060 shares of the bank’s stock after purchasing an additional 3,111 shares during the period. Geode Capital Management LLC owned about 0.27% of First Guaranty Bancshares worth $558,000 as of its most recent SEC filing. Institutional investors and hedge funds own 11.37% of the company’s stock.

Separately, ValuEngine cut shares of First Guaranty Bancshares from a “hold” rating to a “sell” rating in a report on Wednesday, February 27th.

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About First Guaranty Bancshares

First Guaranty Bancshares, Inc operates as the holding company for First Guaranty Bank that provides commercial banking services to businesses, professionals, and individuals 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.

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Dividend History for First Guaranty Bancshares (NASDAQ:FGBI)

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