Short Interest in First Guaranty Bancshares, Inc. (NASDAQ:FGBIP) Decreases By 68.9%

First Guaranty Bancshares, Inc. (NASDAQ:FGBIP) was the target of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 38 shares, a drop of 68.9% from the July 30th total of 122 shares. Based on an average daily trading volume, of 4,394 shares, the days-to-cover ratio is currently 0.0 days.

First Guaranty Bancshares Stock Performance

NASDAQ:FGBIP traded up $0.03 during trading hours on Friday, hitting $19.02. The company had a trading volume of 500 shares, compared to its average volume of 2,851. First Guaranty Bancshares has a 52 week low of $14.41 and a 52 week high of $21.46. The stock has a 50-day moving average price of $19.69 and a 200 day moving average price of $19.01.

First Guaranty Bancshares Dividend Announcement

The company also recently announced 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 is Friday, August 14th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 8.9%.

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.