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

First Guaranty Bancshares, Inc. (NASDAQ:FGBIP) saw a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 2,880 shares, a drop of 41.9% from the May 31st total of 4,957 shares. Based on an average daily trading volume, of 1,235 shares, the days-to-cover ratio is presently 2.3 days.

First Guaranty Bancshares Price Performance

NASDAQ FGBIP traded up $0.06 during trading on Thursday, hitting $20.00. The company’s stock had a trading volume of 628 shares, compared to its average volume of 2,664. First Guaranty Bancshares has a fifty-two week low of $14.41 and a fifty-two week high of $21.46. The business’s 50 day simple moving average is $19.88 and its 200-day simple moving average is $18.07.

First Guaranty Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 15th were given a $0.4219 dividend. This represents a $1.69 annualized dividend and a dividend yield of 8.4%. The ex-dividend date of this dividend was Friday, May 15th.

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.