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 April. As of April 30th, there was short interest totaling 6,807 shares, a growth of 623.4% from the April 15th total of 941 shares. Based on an average daily volume of 3,865 shares, the short-interest ratio is presently 1.8 days.

First Guaranty Bancshares Stock Up 0.1%

FGBIP stock opened at $20.57 on Thursday. The business has a 50 day moving average of $17.96 and a 200-day moving average of $16.96. First Guaranty Bancshares has a 12-month low of $14.41 and a 12-month high of $21.46.

First Guaranty Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be paid a dividend of $0.4219 per share. This represents a $1.69 dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date is 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.