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

First Guaranty Bancshares (NASDAQ:FGBI) issued its earnings results on Thursday. The bank reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.13), Zacks reports. First Guaranty Bancshares had a net margin of 5.32% and a return on equity of 5.78%.

First Guaranty Bancshares Stock Down 1.4 %

FGBI stock traded down $0.15 during trading on Thursday, reaching $10.35. The stock had a trading volume of 5,872 shares, compared to its average volume of 11,188. The company has a market capitalization of $129.48 million, a P/E ratio of 12.32 and a beta of 0.42. First Guaranty Bancshares has a 1-year low of $8.39 and a 1-year high of $15.25. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.91. The firm has a fifty day moving average price of $11.98 and a 200 day moving average price of $11.03.

First Guaranty Bancshares Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 27th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.39%. The ex-dividend date was Friday, December 27th. First Guaranty Bancshares’s dividend payout ratio (DPR) is 4.76%.

First Guaranty Bancshares Company Profile

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.