First Guaranty Bancshares, Inc. (NASDAQ:FGBIP) Short Interest Down 41.9% in June

First Guaranty Bancshares, Inc. (NASDAQ:FGBIP) saw a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 2,880 shares, a decrease of 41.9% from the May 31st total of 4,957 shares. Based on an average trading volume of 1,235 shares, the days-to-cover ratio is currently 2.3 days.

First Guaranty Bancshares Stock Performance

Shares of NASDAQ:FGBIP traded up $0.14 during mid-day trading on Wednesday, reaching $19.88. The stock had a trading volume of 1,019 shares, compared to its average volume of 2,677. The firm has a 50 day simple moving average of $19.83 and a two-hundred day simple moving average of $18.04. First Guaranty Bancshares has a twelve month low of $14.41 and a twelve month high of $21.46.

First Guaranty Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were paid a $0.4219 dividend. This represents a $1.69 annualized dividend and a yield of 8.5%. The ex-dividend date of this dividend was Friday, May 15th.

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.