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

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

First Guaranty Bancshares Price Performance

First Guaranty Bancshares stock traded up $0.17 during mid-day trading on Friday, reaching $19.64. 1,035 shares of the company’s stock traded hands, compared to its average volume of 4,132. First Guaranty Bancshares has a 12-month low of $16.48 and a 12-month high of $23.25. The stock has a 50 day moving average of $20.29 and a two-hundred day moving average of $20.95.

First Guaranty Bancshares Dividend Announcement

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

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.