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

First Guaranty Bancshares, Inc. (NASDAQ:FGBIP) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 2,362 shares, an increase of 117.1% from the September 15th total of 1,088 shares. Based on an average trading volume of 4,353 shares, the short-interest ratio is presently 0.5 days.

First Guaranty Bancshares Price Performance

Shares of First Guaranty Bancshares stock opened at $17.03 on Tuesday. The business’s fifty day moving average is $18.34 and its two-hundred day moving average is $18.99. First Guaranty Bancshares has a fifty-two week low of $14.41 and a fifty-two week high of $21.46.

First Guaranty Bancshares Dividend Announcement

The firm 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 annualized dividend and a yield of 9.9%. The ex-dividend date was Friday, August 14th.

First Guaranty Bancshares Company Profile

First Guaranty Bancshares, Inc is a bank holding company headquartered in Hammond, Louisiana. Its principal subsidiary, First Guaranty Bank, provides banking services to individuals, businesses, and public-sector customers through its branch network and digital banking channels.

The bank offers deposit products, commercial and consumer lending, residential and commercial real estate loans, and other financial services. Its business banking offerings also include treasury management, cash-management services, online and mobile banking, and related solutions designed to support small and middle-market businesses.

First Guaranty Bank has a history dating to the 1930s and primarily serves communities in Louisiana and Texas.