Short Interest in First Guaranty Bancshares, Inc. (NASDAQ:FGBIP) Increases By 46.4%

First Guaranty Bancshares, Inc. (NASDAQ:FGBIP) saw a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 4,100 shares, an increase of 46.4% from the October 15th total of 2,800 shares. Based on an average daily volume of 2,600 shares, the days-to-cover ratio is presently 1.6 days.

First Guaranty Bancshares Stock Up 1.4 %

Shares of NASDAQ:FGBIP traded up $0.31 during mid-day trading on Friday, reaching $21.97. 1,212 shares of the stock were exchanged, compared to its average volume of 2,362. First Guaranty Bancshares has a one year low of $15.84 and a one year high of $23.25. The stock’s 50 day simple moving average is $21.67 and its 200-day simple moving average is $20.20.

First Guaranty Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be issued a dividend of $0.4219 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 7.68%.

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.