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First Guaranty Bancshares, Inc. (NASDAQ:FGBI), a small-cap bank with a market capitalization of $118 million, announced that its board of directors has declared a quarterly cash dividend of $0.01 per share on its outstanding common stock, representing a 0.51% yield. The decision was made Thursday. According to InvestingPro data, the company has maintained dividend payments for 20 consecutive years, though the current payout reflects a significant reduction from previous levels.
According to the company’s statement, the dividend will be payable on September 30, 2025, to shareholders of record as of September 23, 2025. This marks the 129th consecutive quarterly dividend paid to common shareholders. The stock has faced challenges in 2025, with shares down about 31% year-to-date, though InvestingPro analysis suggests the stock is slightly undervalued at current levels.
First Guaranty Bancshares is headquartered in Hammond, Louisiana, and its shares are listed on The Nasdaq Stock Market LLC. Analysts maintain a $10 price target for the stock, suggesting potential upside from current levels. The information is based on a press release statement included in a recent SEC filing.
In other recent news, First Guaranty Bancshares, Inc. issued 2.2 million shares of its common stock through private placement and debt-related transactions. The company raised approximately $1.06 million by selling 131,460 shares at $8.10 per share in a private placement to accredited investors, with the proceeds earmarked for general corporate purposes. Additionally, First Guaranty Bancshares announced a change in its auditing firm. The company’s Audit Committee accepted the resignation of Griffith, Delaney, Hillman & Lett, CPAs, PSC, and appointed EisnerAmper, LLP as the new independent auditor for the fiscal year ending December 31, 2025. Furthermore, First Guaranty Bancshares amended loan terms with Smith & Tate Investment, L.L.C., a company controlled by Edgar Ray Smith, III, a director and principal shareholder of the bank. These amendments involve a promissory note and a floating rate subordinated note due in 2034. These developments highlight significant corporate actions and strategic decisions made by First Guaranty Bancshares.
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