Short Interest in First Guaranty Bancshares, Inc. (NASDAQ:FGBIP) Declines By 37.8%

First Guaranty Bancshares, Inc. (NASDAQ:FGBIP) was the recipient of a significant drop in short interest in October. As of October 15th, there was short interest totalling 2,800 shares, a drop of 37.8% from the September 30th total of 4,500 shares. Based on an average trading volume of 2,700 shares, the days-to-cover ratio is currently 1.0 days.

First Guaranty Bancshares Stock Down 1.2 %

Shares of FGBIP opened at $21.67 on Friday. The firm’s 50 day moving average price is $21.04 and its 200 day moving average price is $19.85. First Guaranty Bancshares has a twelve month low of $15.84 and a twelve month high of $23.25.

First Guaranty Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be given a dividend of $0.4219 per share. This represents a $1.69 annualized dividend and a yield of 7.79%. The ex-dividend date is Friday, November 15th.

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.