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

First Guaranty Bancshares, Inc. (NASDAQ:FGBIP) was the target of a large increase in short interest in April. As of April 30th, there was short interest totaling 6,807 shares, an increase of 623.4% from the April 15th total of 941 shares. Based on an average trading volume of 3,865 shares, the short-interest ratio is presently 1.8 days.

First Guaranty Bancshares Stock Performance

Shares of FGBIP stock traded down $0.01 on Wednesday, hitting $20.54. 682 shares of the stock traded hands, compared to its average volume of 2,916. First Guaranty Bancshares has a 1-year low of $14.41 and a 1-year high of $21.46. The company’s fifty day moving average is $17.96 and its 200 day moving average is $16.96.

First Guaranty Bancshares Dividend Announcement

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

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.