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

First Guaranty Bancshares, Inc. (NASDAQ:FGBIP) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 138 shares, a growth of 263.2% from the August 15th total of 38 shares. Based on an average daily trading volume, of 4,136 shares, the days-to-cover ratio is currently 0.0 days.

First Guaranty Bancshares Stock Up 0.4%

First Guaranty Bancshares stock traded up $0.08 on Monday, reaching $18.00. 9,108 shares of the stock were exchanged, compared to its average volume of 3,006. First Guaranty Bancshares has a twelve month low of $14.41 and a twelve month high of $21.46. The firm has a fifty day moving average price of $19.39 and a two-hundred day moving average price of $19.06.

First Guaranty Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Saturday, August 15th were paid a $0.4219 dividend. The ex-dividend date was Friday, August 14th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 9.4%.

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.