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

First Guaranty Bancshares, Inc. (NASDAQ:FGBIP) was the recipient of a significant decline in short interest in the month of 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 trading volume, of 4,394 shares, the days-to-cover ratio is presently 0.0 days.

First Guaranty Bancshares Price Performance

Shares of First Guaranty Bancshares stock traded up $0.03 on Friday, reaching $19.02. 500 shares of the company’s stock were exchanged, compared to its average volume of 2,851. First Guaranty Bancshares has a 52 week low of $14.41 and a 52 week high of $21.46. The firm’s 50-day moving average is $19.71 and its two-hundred day moving average is $19.01.

First Guaranty Bancshares Dividend Announcement

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

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.