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

First Guaranty Bancshares, Inc. (NASDAQ:FGBIP) was the recipient of a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 100 shares, a decline of 93.3% from the February 28th total of 1,500 shares. Based on an average daily volume of 4,000 shares, the days-to-cover ratio is presently 0.0 days.

First Guaranty Bancshares Trading Up 0.2 %

Shares of FGBIP traded up $0.03 during midday trading on Friday, hitting $19.28. The stock had a trading volume of 1,462 shares, compared to its average volume of 2,925. The stock’s 50 day moving average is $20.13 and its 200 day moving average is $20.85. First Guaranty Bancshares has a 1 year low of $17.25 and a 1 year high of $23.25.

First Guaranty Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were paid a $0.4219 dividend. This represents a $1.69 annualized dividend and a yield of 8.75%. The ex-dividend date of this dividend was Friday, February 14th.

First Guaranty Bancshares Company Profile

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.