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

First Guaranty Bancshares, Inc. (NASDAQ:FGBIP) was the recipient of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 4,100 shares, a growth 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 currently 1.6 days.

First Guaranty Bancshares Stock Performance

Shares of NASDAQ:FGBIP traded up $0.31 during trading on Friday, reaching $21.97. The stock had a trading volume of 1,212 shares, compared to its average volume of 2,362. First Guaranty Bancshares has a fifty-two week low of $15.84 and a fifty-two week high of $23.25. The business has a fifty day moving average price of $21.67 and a 200-day moving average price of $20.20.

First Guaranty Bancshares Announces Dividend

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

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.