First Guaranty Bancshares (FGBI) Set to Announce Quarterly Earnings on Wednesday

Posted by Steve Reilly on Apr 23rd, 2024

First Guaranty Bancshares (NASDAQ:FGBI – Get Free Report) is scheduled to announce its earnings results on Wednesday, April 24th.

First Guaranty Bancshares (NASDAQ:FGBI – Get Free Report) last posted its quarterly earnings results on Monday, February 5th. The bank reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). First Guaranty Bancshares had a net margin of 4.46% and a return on equity of 4.19%. The business had revenue of $23.62 million during the quarter, compared to analysts’ expectations of $23.02 million. On average, analysts expect First Guaranty Bancshares to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

First Guaranty Bancshares Price Performance

First Guaranty Bancshares stock opened at $10.02 on Tuesday. The company has a market cap of $125.35 million, a P/E ratio of 16.16 and a beta of 0.41. First Guaranty Bancshares has a one year low of $9.24 and a one year high of $15.25. The business has a fifty day moving average of $10.62 and a two-hundred day moving average of $10.80. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.98 and a current ratio of 0.98.

First Guaranty Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 22nd were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 6.39%. The ex-dividend date was Thursday, March 21st. First Guaranty Bancshares’s dividend payout ratio is currently 103.23%.

About First Guaranty Bancshares

(Get Free Report)

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.