First Guaranty Bancshares, Inc. (NASDAQ:FGBIP) Sees Large Decrease in Short Interest

First Guaranty Bancshares, Inc. (NASDAQ:FGBIP) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totaling 2,880 shares, a decrease of 41.9% from the May 31st total of 4,957 shares. Based on an average daily volume of 1,235 shares, the days-to-cover ratio is presently 2.3 days.

First Guaranty Bancshares Stock Performance

FGBIP traded up $0.14 during trading on Wednesday, reaching $19.88. The company had a trading volume of 1,019 shares, compared to its average volume of 2,677. First Guaranty Bancshares has a 12 month low of $14.41 and a 12 month high of $21.46. The business’s fifty day moving average price is $19.83 and its 200 day moving average price is $18.04.

First Guaranty Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 15th were issued a dividend of $0.4219 per share. This represents a $1.69 dividend on an annualized basis and a dividend yield of 8.5%. The ex-dividend date was Friday, May 15th.

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.