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

First Guaranty Bancshares (NASDAQ:FGBI) announced its quarterly earnings results on Thursday. 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 net margin of 5.32% and a return on equity of 5.78%.

First Guaranty Bancshares Stock Down 1.4 %

Shares of FGBI stock traded down $0.15 during midday trading on Thursday, reaching $10.35. 5,872 shares of the stock were exchanged, compared to its average volume of 11,188. First Guaranty Bancshares has a 1 year low of $8.39 and a 1 year high of $15.25. The company’s 50 day moving average is $11.98 and its two-hundred day moving average is $11.03. 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 market cap of $129.48 million, a PE ratio of 12.32 and a beta of 0.42.

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 issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.39%. First Guaranty Bancshares’s dividend payout ratio (DPR) is 4.76%.

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.