First Guaranty Bancshares, Inc. (NASDAQ:FGBIP) Sees Significant Growth in Short Interest

First Guaranty Bancshares, Inc. (NASDAQ:FGBIP) saw a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 2,362 shares, a growth of 117.1% from the September 15th total of 1,088 shares. Based on an average trading volume of 4,353 shares, the days-to-cover ratio is currently 0.5 days.

First Guaranty Bancshares Stock Performance

Shares of First Guaranty Bancshares stock opened at $17.03 on Tuesday. The company has a fifty day simple moving average of $18.34 and a 200-day simple moving average of $18.99. 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 business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Saturday, August 15th were issued a dividend of $0.4219 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 9.9%.

First Guaranty Bancshares Company Profile

First Guaranty Bancshares, Inc is a bank holding company headquartered in Hammond, Louisiana. Its principal subsidiary, First Guaranty Bank, provides banking services to individuals, businesses, and public-sector customers through its branch network and digital banking channels.

The bank offers deposit products, commercial and consumer lending, residential and commercial real estate loans, and other financial services. Its business banking offerings also include treasury management, cash-management services, online and mobile banking, and related solutions designed to support small and middle-market businesses.

First Guaranty Bank has a history dating to the 1930s and primarily serves communities in Louisiana and Texas.