First Guaranty Bancshares, Inc. (NASDAQ:FGBIP) Short Interest Down 93.3% in March

First Guaranty Bancshares, Inc. (NASDAQ:FGBIP) was the target of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 100 shares, a decrease of 93.3% from the February 28th total of 1,500 shares. Based on an average daily trading volume, of 4,000 shares, the days-to-cover ratio is currently 0.0 days.

First Guaranty Bancshares Stock Performance

NASDAQ:FGBIP traded up $0.04 during trading hours on Thursday, hitting $19.28. The company’s stock had a trading volume of 4,930 shares, compared to its average volume of 2,943. First Guaranty Bancshares has a twelve month low of $17.25 and a twelve month high of $23.25. The stock has a fifty day simple moving average of $20.14 and a 200-day simple moving average of $20.86.

First Guaranty Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a $0.4219 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 8.75%.

About First Guaranty Bancshares

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.