First Guaranty Bancshares, Inc. (NASDAQ:FGBIP) Stock Short Interest Climbs 688.4%

First Guaranty Bancshares, Inc. (NASDAQ:FGBIP) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 1,088 shares, an increase of 688.4% from the August 31st total of 138 shares. Based on an average trading volume of 6,709 shares, the days-to-cover ratio is presently 0.2 days.

First Guaranty Bancshares Stock Down 0.7%

NASDAQ:FGBIP traded down $0.13 during midday trading on Thursday, hitting $17.75. The stock had a trading volume of 1,823 shares, compared to its average volume of 3,057. First Guaranty Bancshares has a one year low of $14.41 and a one year high of $21.46. The stock has a 50-day moving average of $18.98 and a 200 day moving average of $19.05.

First Guaranty Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Saturday, August 15th were issued a $0.4219 dividend. This represents a $1.69 annualized dividend and a dividend yield of 9.5%. The ex-dividend date was Friday, August 14th.

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.