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

First Guaranty Bancshares, Inc. (NASDAQ:FGBIP) was the recipient of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 4,100 shares, an increase of 46.4% from the October 15th total of 2,800 shares. Based on an average daily trading volume, of 2,600 shares, the short-interest ratio is currently 1.6 days.

First Guaranty Bancshares Stock Up 1.4 %

Shares of NASDAQ:FGBIP traded up $0.31 during midday trading on Friday, hitting $21.97. The stock had a trading volume of 1,212 shares, compared to its average volume of 2,362. First Guaranty Bancshares has a 1 year low of $15.84 and a 1 year high of $23.25. The stock has a 50 day moving average price of $21.67 and a two-hundred day moving average price of $20.20.

First Guaranty Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be issued a $0.4219 dividend. This represents a $1.69 dividend on an annualized basis and a yield of 7.68%. The ex-dividend date is Friday, November 15th.

About First Guaranty Bancshares

First Guaranty Bancshares, Inc operates as the holding company for First Guaranty Bank that provides commercial banking services in Louisiana and Texas. It offers various deposit products, including personal and business checking, savings, money market, and demand accounts, as well as time deposits to consumers, small businesses, and municipalities.