First Guaranty Bancshares, Inc. (NASDAQ:FGBIP) Short Interest Down 75.1% in June

First Guaranty Bancshares, Inc. (NASDAQ:FGBIP – Get Free Report) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totaling 718 shares, a drop of 75.1% from the June 15th total of 2,880 shares. Based on an average trading volume of 846 shares, the short-interest ratio is presently 0.8 days.

First Guaranty Bancshares Stock Performance

Shares of FGBIP stock traded down $0.04 on Friday, reaching $20.00. 176 shares of the company’s stock traded hands, compared to its average volume of 2,612. First Guaranty Bancshares has a 12-month low of $14.41 and a 12-month high of $21.46. The business’s 50 day moving average price is $20.20 and its two-hundred day moving average price is $18.30.

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First Guaranty Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 15th were paid a dividend of $0.4219 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 8.4%.

About First Guaranty Bancshares

(Get Free Report)

First Guaranty Bancshares, Inc is a bank holding company headquartered in Hammond, Louisiana, operating through its wholly owned subsidiary, First Guaranty Bank. The company delivers a full suite of commercial banking products and services, including checking and savings accounts, certificates of deposit, and online banking tools. Its lending portfolio encompasses commercial and industrial loans, real estate financing, agriculture loans, and consumer credit, designed to meet the needs of businesses, municipalities, and individual customers in its core markets.

Established in 1934, First Guaranty Bancshares has expanded from a single community bank into a regional financial institution serving Southeast Louisiana and Southwest Mississippi.

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