Short Interest in First Guaranty Bancshares, Inc. (NASDAQ:FGBIP) Decreases By 41.9%

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

First Guaranty Bancshares Stock Up 0.8%

NASDAQ:FGBIP traded up $0.16 during mid-day trading on Friday, reaching $20.00. 630 shares of the company’s stock traded hands, compared to its average volume of 2,664. The company has a 50 day moving average price of $19.93 and a 200-day moving average price of $18.11. First Guaranty Bancshares has a 12-month low of $14.41 and a 12-month high of $21.46.

First Guaranty Bancshares Dividend Announcement

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

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.