First Guaranty Bancshares, Inc. (NASDAQ:FGBIP) Sees Large Drop in Short Interest

First Guaranty Bancshares, Inc. (NASDAQ:FGBIP) saw a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 100 shares, a drop 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 currently 0.0 days.

First Guaranty Bancshares Stock Up 0.2 %

Shares of NASDAQ FGBIP traded up $0.04 during trading on Wednesday, hitting $19.28. 4,930 shares of the company traded hands, compared to its average volume of 2,953. The company has a 50-day moving average price of $20.14 and a 200-day moving average price of $20.86. 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 declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were paid a dividend of $0.4219 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.69 annualized dividend and a yield of 8.75%.

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.