Short Interest in First Guaranty Bancshares, Inc. (NASDAQ:FGBIP) Rises By 46.4%

First Guaranty Bancshares, Inc. (NASDAQ:FGBIP) was the recipient of a significant increase in short interest in October. As of October 31st, there was short interest totalling 4,100 shares, an increase of 46.4% from the October 15th total of 2,800 shares. Based on an average daily trading volume, of 2,600 shares, the days-to-cover ratio is presently 1.6 days.

First Guaranty Bancshares Trading Up 1.4 %

FGBIP traded up $0.31 on Friday, hitting $21.97. 1,212 shares of the company were exchanged, compared to its average volume of 2,362. First Guaranty Bancshares has a fifty-two week low of $15.84 and a fifty-two week high of $23.25. The business’s fifty day moving average is $21.67 and its 200 day moving average is $20.20.

First Guaranty Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be paid a dividend of $0.4219 per share. This represents a $1.69 annualized dividend and a dividend yield of 7.68%. The ex-dividend date of this dividend is Friday, November 15th.

First Guaranty Bancshares Company Profile

First Guaranty Bancshares, Inc operates as the holding company for First Guaranty Bank that provides commercial banking services in Louisiana and Texas. It offers various deposit products, including personal and business checking, savings, money market, and demand accounts, as well as time deposits to consumers, small businesses, and municipalities.