Short Interest in First Guaranty Bancshares, Inc. (NASDAQ:FGBIP) Expands By 263.2%

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

First Guaranty Bancshares Trading Down 0.7%

FGBIP traded down $0.12 on Friday, hitting $17.89. 9,108 shares of the stock were exchanged, compared to its average volume of 3,006. First Guaranty Bancshares has a 12 month low of $14.41 and a 12 month high of $21.46. The business has a 50-day moving average of $19.39 and a two-hundred day moving average of $19.05.

First Guaranty Bancshares Dividend Announcement

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

First Guaranty Bancshares Company Profile

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.