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

First Guaranty Bancshares, Inc. (NASDAQ:FGBI) announced a quarterly dividend on Tuesday, August 22nd, Wall Street Journal reports. Investors of record on Monday, September 18th will be given a dividend of 0.16 per share by the bank on Friday, September 29th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend is Friday, September 15th.

First Guaranty Bancshares (NASDAQ:FGBI) traded up 0.07% during midday trading on Tuesday, hitting $26.82. 8,361 shares of the company were exchanged. The firm has a market capitalization of $214.75 million, a PE ratio of 16.07 and a beta of 0.66. First Guaranty Bancshares has a 1-year low of $15.72 and a 1-year high of $28.51. The stock has a 50 day moving average of $26.97 and a 200 day moving average of $25.53.

Separately, ValuEngine raised shares of First Guaranty Bancshares from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd.

COPYRIGHT VIOLATION WARNING: “[[title]]” was posted by [[site]] and is owned by of [[site]]. If you are viewing this report on another site, it was illegally copied and republished in violation of United States and international copyright & trademark legislation. The correct version of this report can be read at [[permalink]].

In related news, Chairman Marshall T. Reynolds sold 40,000 shares of First Guaranty Bancshares stock in a transaction dated Tuesday, July 11th. The shares were sold at an average price of $27.37, for a total transaction of $1,094,800.00. Following the completion of the transaction, the chairman now directly owns 1,556,008 shares of the company’s stock, valued at approximately $42,587,938.96. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 42.70% of the company’s stock.

An institutional investor recently bought a new position in First Guaranty Bancshares stock. California State Teachers Retirement System bought a new stake in First Guaranty Bancshares, Inc. (NASDAQ:FGBI) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,900 shares of the bank’s stock, valued at approximately $188,000. California State Teachers Retirement System owned about 0.09% of First Guaranty Bancshares as of its most recent SEC filing. 4.82% of the stock is currently owned by hedge funds and other institutional investors.

First Guaranty Bancshares Company Profile

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).