Short Interest in First Guaranty Bancshares, Inc. (NASDAQ:FGBIP) Rises By 300.0%

First Guaranty Bancshares, Inc. (NASDAQ:FGBIP) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 400 shares, an increase of 300.0% from the March 15th total of 100 shares. Based on an average daily volume of 3,200 shares, the days-to-cover ratio is presently 0.1 days.

First Guaranty Bancshares Trading Down 0.9 %

Shares of NASDAQ:FGBIP traded down $0.16 during trading on Wednesday, reaching $18.65. The stock had a trading volume of 1,291 shares, compared to its average volume of 2,922. First Guaranty Bancshares has a 52 week low of $17.25 and a 52 week high of $23.25. The firm’s fifty day moving average is $19.44 and its 200 day moving average is $20.57.

First Guaranty Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were issued a $0.4219 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.69 dividend on an annualized basis and a yield of 9.05%.

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.