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

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

First Guaranty Bancshares Trading Up 1.4 %

Shares of FGBIP traded up $0.31 during trading hours on Friday, hitting $21.97. 1,212 shares of the stock traded hands, compared to its average volume of 2,362. First Guaranty Bancshares has a 1-year low of $15.84 and a 1-year high of $23.25. The business has a fifty day moving average of $21.67 and a 200-day moving average of $20.20.

First Guaranty Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be paid a $0.4219 dividend. This represents a $1.69 annualized dividend and a 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.