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

First Guaranty Bancshares, Inc. (NASDAQ:FGBIP) was the target of a significant increase in short interest in November. As of November 30th, there was short interest totalling 4,100 shares, an increase of 20.6% from the November 15th total of 3,400 shares. Based on an average daily trading volume, of 2,200 shares, the days-to-cover ratio is presently 1.9 days.

First Guaranty Bancshares Price Performance

Shares of NASDAQ:FGBIP remained flat at $21.24 during trading on Friday. 9,136 shares of the stock were exchanged, compared to its average volume of 2,366. First Guaranty Bancshares has a twelve month low of $16.48 and a twelve month high of $23.25. The firm’s fifty day moving average is $21.77 and its two-hundred day moving average is $20.54.

First Guaranty Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were paid a $0.4219 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.69 annualized dividend and a yield of 7.95%.

About First Guaranty Bancshares

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.