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

First Guaranty Bancshares, Inc. (NASDAQ:FGBIP) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 1,088 shares, a growth of 688.4% from the August 31st total of 138 shares. Based on an average daily trading volume, of 6,709 shares, the days-to-cover ratio is currently 0.2 days.

First Guaranty Bancshares Price Performance

FGBIP stock traded down $0.43 during trading on Friday, reaching $17.32. 17,445 shares of the stock traded hands, compared to its average volume of 3,142. The business’s 50 day moving average price is $18.93 and its 200-day moving average price is $19.04. 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Saturday, August 15th were paid a dividend of $0.4219 per share. This represents a $1.69 dividend on an annualized basis and a dividend yield of 9.7%. The ex-dividend date was Friday, August 14th.

About First Guaranty Bancshares

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.