First Guaranty Bancshares, Inc. (NASDAQ:FGBIP) Short Interest Update

First Guaranty Bancshares, Inc. (NASDAQ:FGBIP) saw a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 4,085 shares, a drop of 40.0% from the April 30th total of 6,807 shares. Based on an average daily volume of 3,543 shares, the short-interest ratio is currently 1.2 days.

First Guaranty Bancshares Trading Down 0.4%

Shares of FGBIP traded down $0.08 during mid-day trading on Thursday, reaching $20.37. 2,403 shares of the stock traded hands, compared to its average volume of 2,891. The stock has a fifty day simple moving average of $18.74 and a 200 day simple moving average of $17.39. First Guaranty Bancshares has a 12-month low of $14.41 and a 12-month high of $21.46.

First Guaranty Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 15th were paid a dividend of $0.4219 per share. The ex-dividend date was Friday, May 15th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 8.3%.

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.