First Guaranty Bancshares, Inc. (NASDAQ:FGBIP) Stock Short Interest Drops 59.7%

First Guaranty Bancshares, Inc. (NASDAQ:FGBIP) was the target of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 952 shares, a decrease of 59.7% from the September 30th total of 2,362 shares. Based on an average daily trading volume, of 9,133 shares, the days-to-cover ratio is presently 0.1 days.

First Guaranty Bancshares Trading Up 0.4%

NASDAQ FGBIP traded up $0.07 on Friday, reaching $17.41. The company had a trading volume of 929 shares, compared to its average volume of 4,127. The company’s fifty day moving average is $17.68 and its 200 day moving average is $18.51. 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 firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Sunday, November 15th will be paid a $0.4219 dividend. This represents a $1.69 dividend on an annualized basis and a dividend yield of 9.7%. The ex-dividend date is Friday, November 13th.

About First Guaranty Bancshares

First Guaranty Bancshares, Inc is a bank holding company headquartered in Hammond, Louisiana. Through its principal subsidiary, First Guaranty Bank, the company provides community banking services to individuals, businesses, and governmental and nonprofit organizations. First Guaranty Bank was established in 1934 and has built its business around relationship-based banking and local market service.

The bank’s products and services include personal and business checking and savings accounts, certificates of deposit, online and mobile banking, and a range of lending products.