Short Interest in First Guaranty Bancshares, Inc. (NASDAQ:FGBIP) Expands By 263.2%

First Guaranty Bancshares, Inc. (NASDAQ:FGBIP) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totaling 138 shares, a growth of 263.2% from the August 15th total of 38 shares. Based on an average daily trading volume, of 4,136 shares, the days-to-cover ratio is presently 0.0 days.

First Guaranty Bancshares Stock Down 0.7%

Shares of NASDAQ:FGBIP traded down $0.12 during trading on Friday, hitting $17.89. 9,108 shares of the company traded hands, compared to its average volume of 3,006. The business’s fifty day moving average is $19.39 and its 200-day moving average is $19.05. First Guaranty Bancshares has a one year low of $14.41 and a one year high of $21.46.

First Guaranty Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Saturday, August 15th were issued a $0.4219 dividend. The ex-dividend date was Friday, August 14th. This represents a $1.69 annualized dividend and a dividend yield of 9.4%.

First Guaranty Bancshares Company Profile

First Guaranty Bancshares, Inc is a bank holding company headquartered in Hammond, Louisiana, operating through its wholly owned subsidiary, First Guaranty Bank. The company delivers a full suite of commercial banking products and services, including checking and savings accounts, certificates of deposit, and online banking tools. Its lending portfolio encompasses commercial and industrial loans, real estate financing, agriculture loans, and consumer credit, designed to meet the needs of businesses, municipalities, and individual customers in its core markets.

Established in 1934, First Guaranty Bancshares has expanded from a single community bank into a regional financial institution serving Southeast Louisiana and Southwest Mississippi.