First Guaranty Bancshares (NASDAQ:FGBI) Releases Earnings Results, Misses Estimates By $0.13 EPS

First Guaranty Bancshares (NASDAQ:FGBI) issued its earnings results on Monday. The bank reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 Stock Performance

Shares of NASDAQ FGBI opened at $10.38 on Wednesday. The business’s 50-day moving average price is $11.74 and its two-hundred day moving average price is $11.06. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.91 and a quick ratio of 0.91. First Guaranty Bancshares has a one year low of $8.39 and a one year high of $15.25. The company has a market capitalization of $129.85 million, a P/E ratio of 12.81 and a beta of 0.40.

First Guaranty Bancshares Cuts Dividend

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