First Guaranty Bancshares, Inc. (FGBI) Plans $0.16 Quarterly Dividend

First Guaranty Bancshares, Inc. (NASDAQ:FGBI) declared a quarterly dividend on Thursday, February 22nd, Wall Street Journal reports. Stockholders of record on Tuesday, March 20th will be paid a dividend of 0.16 per share by the bank on Friday, March 30th. This represents a $0.64 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend is Monday, March 19th.

Shares of First Guaranty Bancshares (FGBI) traded down $0.42 during trading hours on Thursday, hitting $25.12. The stock had a trading volume of 7,156 shares, compared to its average volume of 8,668. First Guaranty Bancshares has a 1 year low of $22.12 and a 1 year high of $29.95. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.75 and a quick ratio of 0.75. The company has a market capitalization of $220.88, a P/E ratio of 17.45 and a beta of 0.66.

Several brokerages have recently weighed in on FGBI. ValuEngine downgraded First Guaranty Bancshares from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Sandler O’Neill set a $27.00 price target on First Guaranty Bancshares and gave the company a “hold” rating in a report on Friday, February 9th. Finally, BidaskClub upgraded First Guaranty Bancshares from a “sell” rating to a “hold” rating in a report on Tuesday, December 12th.

In related news, Chairman Marshall T. Reynolds sold 55,675 shares of First Guaranty Bancshares stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $26.60, for a total value of $1,480,955.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Marshall T. Reynolds sold 15,814 shares of First Guaranty Bancshares stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $28.31, for a total value of $447,694.34. The disclosure for this sale can be found here. 42.70% of the stock is currently owned by company insiders.

A hedge fund recently bought a new stake in First Guaranty Bancshares stock. California State Teachers Retirement System acquired a new position in First Guaranty Bancshares, Inc. (NASDAQ:FGBI) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 6,900 shares of the bank’s stock, valued at approximately $188,000. California State Teachers Retirement System owned approximately 0.09% of First Guaranty Bancshares as of its most recent filing with the Securities and Exchange Commission. 12.65% of the stock is owned by institutional investors and hedge funds.

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About First Guaranty Bancshares

First Guaranty Bancshares, Inc is a bank holding company. The Company operates through its owned subsidiary, First Guaranty Bank (the Bank). The Bank offers personalized commercial banking services to Louisiana customers, through approximately 20 banking facilities located in the Market Services Areas (MSAs).

Dividend History for First Guaranty Bancshares (NASDAQ:FGBI)

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