First Guaranty Bancshares, Inc. (NASDAQ:FGBIP) Shares Shorted: Short Interest Up 688.4% in September

First Guaranty Bancshares, Inc. (NASDAQ:FGBIP) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 1,088 shares, an increase of 688.4% from the August 31st total of 138 shares. Based on an average daily volume of 6,709 shares, the short-interest ratio is presently 0.2 days.

First Guaranty Bancshares Price Performance

NASDAQ FGBIP traded down $0.13 during trading hours on Thursday, reaching $17.75. The stock had a trading volume of 1,823 shares, compared to its average volume of 3,057. The stock has a fifty day moving average of $18.98 and a 200 day moving average of $19.05. First Guaranty Bancshares has a 52-week low of $14.41 and a 52-week high of $21.46.

First Guaranty Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Saturday, August 15th were given a dividend of $0.4219 per share. The ex-dividend date was Friday, August 14th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 9.5%.

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.