First Guaranty Bancshares, Inc. (NASDAQ:FGBIP) Sees Significant Increase in Short Interest

First Guaranty Bancshares, Inc. (NASDAQ:FGBIP) saw a significant increase in short interest in February. As of February 15th, there was short interest totalling 300 shares, an increase of 200.0% from the January 31st total of 100 shares. Based on an average daily trading volume, of 4,000 shares, the short-interest ratio is currently 0.1 days.

First Guaranty Bancshares Stock Performance

Shares of NASDAQ FGBIP traded up $0.17 during midday trading on Friday, reaching $19.64. 1,035 shares of the company were exchanged, compared to its average volume of 4,132. The stock’s 50-day moving average price is $20.29 and its 200-day moving average price is $20.95. First Guaranty Bancshares has a one year low of $16.48 and a one year high of $23.25.

First Guaranty Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be issued a $0.4219 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.69 annualized dividend and a yield of 8.59%.

About First Guaranty Bancshares

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.