First Guaranty Bancshares, Inc. (NASDAQ:FGBIP) Sees Large Decrease in Short Interest

First Guaranty Bancshares, Inc. (NASDAQ:FGBIPGet Free Report) was the target of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 4,085 shares, a decline of 40.0% from the April 30th total of 6,807 shares. Based on an average daily trading volume, of 3,543 shares, the short-interest ratio is presently 1.2 days.

First Guaranty Bancshares Trading Up 0.7%

Shares of FGBIP opened at $20.25 on Tuesday. The firm has a fifty day simple moving average of $18.64 and a two-hundred day simple moving average of $17.33. First Guaranty Bancshares has a 1-year low of $14.41 and a 1-year high of $21.46.

First Guaranty Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were paid a dividend of $0.4219 per share. The ex-dividend date was Friday, May 15th. This represents a $1.69 dividend on an annualized basis and a yield of 8.3%.

About First Guaranty Bancshares

(Get Free Report)

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.

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