First Guaranty Bancshares, Inc. (NASDAQ:FGBIP) Sees Significant Growth in Short Interest

First Guaranty Bancshares, Inc. (NASDAQ:FGBIP) saw a significant growth in short interest in September. As of September 30th, there was short interest totaling 2,362 shares, a growth of 117.1% from the September 15th total of 1,088 shares. Based on an average daily trading volume, of 4,353 shares, the short-interest ratio is presently 0.5 days.

First Guaranty Bancshares Stock Down 0.3%

NASDAQ FGBIP traded down $0.04 during midday trading on Wednesday, hitting $17.00. 10,062 shares of the company traded hands, compared to its average volume of 3,503. The company’s 50-day simple moving average is $18.29 and its 200-day simple moving average is $18.99. First Guaranty Bancshares has a 52 week low of $14.41 and a 52 week high of $21.46.

First Guaranty Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Saturday, August 15th were given a dividend of $0.4219 per share. This represents a $1.69 annualized dividend and a dividend yield of 9.9%. The ex-dividend date of this dividend was Friday, August 14th.

About First Guaranty Bancshares

First Guaranty Bancshares, Inc is a bank holding company headquartered in Hammond, Louisiana. Its principal subsidiary, First Guaranty Bank, provides banking services to individuals, businesses, and public-sector customers through its branch network and digital banking channels.

The bank offers deposit products, commercial and consumer lending, residential and commercial real estate loans, and other financial services. Its business banking offerings also include treasury management, cash-management services, online and mobile banking, and related solutions designed to support small and middle-market businesses.

First Guaranty Bank has a history dating to the 1930s and primarily serves communities in Louisiana and Texas.