First Guaranty Bancshares, Inc. (NASDAQ:FGBIP) Sees Large Decline in Short Interest

First Guaranty Bancshares, Inc. (NASDAQ:FGBIP) saw a large decline in short interest in 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 trading volume of 9,133 shares, the short-interest ratio is presently 0.1 days.

First Guaranty Bancshares Price Performance

Shares of NASDAQ FGBIP opened at $17.10 on Thursday. First Guaranty Bancshares has a 12-month low of $14.41 and a 12-month high of $21.46. The company’s fifty day simple moving average is $17.75 and its 200 day simple moving average is $18.51.

First Guaranty Bancshares Announces Dividend

The business 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 $0.4219 dividend. This represents a $1.69 annualized dividend and a yield of 9.9%. The ex-dividend date of this dividend is Friday, November 13th.

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.