First Guaranty Bancshares, Inc. (NASDAQ:FGBIP) Short Interest Down 75.1% in June

First Guaranty Bancshares, Inc. (NASDAQ:FGBIP) saw a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 718 shares, a drop of 75.1% from the June 15th total of 2,880 shares. Based on an average daily volume of 846 shares, the days-to-cover ratio is presently 0.8 days.

First Guaranty Bancshares Price Performance

NASDAQ:FGBIP traded down $0.04 during trading hours on Friday, hitting $20.00. 176 shares of the company traded hands, compared to its average volume of 2,612. First Guaranty Bancshares has a twelve month low of $14.41 and a twelve month high of $21.46. The firm has a 50-day moving average of $20.20 and a 200 day moving average of $18.30.

First Guaranty Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 15th were paid a $0.4219 dividend. The ex-dividend date was Friday, May 15th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 8.4%.

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.