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

First Guaranty Bancshares, Inc. (NASDAQ:FGBIP) saw a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 718 shares, a decrease of 75.1% from the June 15th total of 2,880 shares. Based on an average daily volume of 846 shares, the days-to-cover ratio is currently 0.8 days.

First Guaranty Bancshares Price Performance

Shares of NASDAQ FGBIP traded down $0.14 during trading hours on Monday, reaching $19.90. 25 shares of the stock were exchanged, compared to its average volume of 2,612. The stock’s fifty day simple moving average is $20.23 and its 200 day simple moving average is $18.34. First Guaranty Bancshares has a 52 week low of $14.41 and a 52 week high of $21.46.

First Guaranty Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were issued a $0.4219 dividend. This represents a $1.69 dividend on an annualized basis and a yield of 8.5%. The ex-dividend date of this dividend was 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.