Short Interest in First Guaranty Bancshares, Inc. (NASDAQ:FGBIP) Declines By 68.9%

First Guaranty Bancshares, Inc. (NASDAQ:FGBIP) was the recipient of a large decline in short interest in August. As of August 14th, there was short interest totaling 38 shares, a decline of 68.9% from the July 30th total of 122 shares. Based on an average daily volume of 4,394 shares, the short-interest ratio is currently 0.0 days.

First Guaranty Bancshares Trading Down 0.8%

NASDAQ:FGBIP opened at $18.93 on Thursday. First Guaranty Bancshares has a 52 week low of $14.41 and a 52 week high of $21.46. The firm has a 50-day moving average price of $19.73 and a two-hundred day moving average price of $19.01.

First Guaranty Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Saturday, August 15th will be paid a $0.4219 dividend. This represents a $1.69 dividend on an annualized basis and a yield of 8.9%. The ex-dividend date is Friday, August 14th.

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.