Short Interest in First Guaranty Bancshares, Inc. (NASDAQ:FGBIP) Decreases By 81.6%

First Guaranty Bancshares, Inc. (NASDAQ:FGBIP) was the recipient of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 122 shares, a decrease of 81.6% from the July 15th total of 662 shares. Based on an average trading volume of 2,373 shares, the days-to-cover ratio is presently 0.1 days.

First Guaranty Bancshares Stock Performance

FGBIP stock traded up $0.06 during trading hours on Thursday, reaching $19.77. The stock had a trading volume of 2,678 shares, compared to its average volume of 2,716. The stock has a 50-day simple moving average of $19.98 and a 200 day simple moving average of $18.88. First Guaranty Bancshares has a fifty-two week low of $14.41 and a fifty-two week high of $21.46.

First Guaranty Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Saturday, August 15th will be issued a $0.4219 dividend. This represents a $1.69 dividend on an annualized basis and a dividend yield of 8.5%. The ex-dividend date of this dividend is Friday, August 14th.

About First Guaranty Bancshares

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.