First Guaranty Bancshares (NASDAQ:FGBIP) Trading 0.4% Higher – Still a Buy?

Shares of First Guaranty Bancshares, Inc. (NASDAQ:FGBIP) traded up 0.4% on Wednesday . The company traded as high as $17.90 and last traded at $17.9750. 587 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 3,262 shares. The stock had previously closed at $17.90.

First Guaranty Bancshares Stock Performance

The stock’s 50 day moving average price is $17.19 and its 200-day moving average price is $17.29.

First Guaranty Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Sunday, February 15th were paid a dividend of $0.4219 per share. This represents a $1.69 annualized dividend and a dividend yield of 9.4%. The ex-dividend date of this dividend was Friday, February 13th.

First Guaranty Bancshares Company Profile

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.