Short Interest in First Guaranty Bancshares, Inc. (NASDAQ:FGBIP) Drops By 81.6%

First Guaranty Bancshares, Inc. (NASDAQ:FGBIP) was the recipient of a large drop in short interest in July. As of July 31st, there was short interest totaling 122 shares, a drop of 81.6% from the July 15th total of 662 shares. Based on an average daily volume of 2,373 shares, the short-interest ratio is currently 0.1 days.

First Guaranty Bancshares Price Performance

First Guaranty Bancshares stock traded down $0.22 on Friday, reaching $19.49. The company’s stock had a trading volume of 125 shares, compared to its average volume of 2,707. The business’s fifty day moving average price is $19.96 and its 200 day moving average price is $18.90. First Guaranty Bancshares has a twelve month low of $14.41 and a twelve month high of $21.46.

First Guaranty Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Saturday, August 15th will be issued a dividend of $0.4219 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.69 dividend on an annualized basis and a yield of 8.7%.

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.