First Guaranty Bancshares, Inc. (NASDAQ:FGBIP) Shares Shorted: Short Interest Down 59.7% in October

First Guaranty Bancshares, Inc. (NASDAQ:FGBIP) saw a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 952 shares, a decline of 59.7% from the September 30th total of 2,362 shares. Based on an average daily trading volume, of 9,133 shares, the days-to-cover ratio is presently 0.1 days.

First Guaranty Bancshares Stock Up 0.4%

Shares of FGBIP traded up $0.07 during trading hours on Friday, reaching $17.41. 929 shares of the company traded hands, compared to its average volume of 4,127. First Guaranty Bancshares has a 1-year low of $14.41 and a 1-year high of $21.46. The stock’s fifty day moving average is $17.68 and its 200 day moving average is $18.51.

First Guaranty Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Sunday, November 15th will be paid a dividend of $0.4219 per share. The ex-dividend date is Friday, November 13th. This represents a $1.69 dividend on an annualized basis and a yield of 9.7%.

First Guaranty Bancshares Company Profile

First Guaranty Bancshares, Inc is a bank holding company headquartered in Hammond, Louisiana. Through its principal subsidiary, First Guaranty Bank, the company provides community banking services to individuals, businesses, and governmental and nonprofit organizations. First Guaranty Bank was established in 1934 and has built its business around relationship-based banking and local market service.

The bank’s products and services include personal and business checking and savings accounts, certificates of deposit, online and mobile banking, and a range of lending products.