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First Guaranty Bancshares, Inc. (NASDAQ:FGBIP) Sees Significant Growth in Short Interest

kopsource ·  Dec 30, 2022 08:31

First Guaranty Bancshares, Inc. (NASDAQ:FGBIP – Get Rating) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totalling 1,500 shares, an increase of 1,400.0% from the November 30th total of 100 shares. Based on an average trading volume of 1,100 shares, the days-to-cover ratio is currently 1.4 days.

First Guaranty Bancshares Stock Down 0.2 %

Shares of First Guaranty Bancshares stock opened at $25.20 on Friday. The company has a 50 day moving average price of $24.80 and a 200 day moving average price of $25.02. First Guaranty Bancshares has a 52 week low of $23.55 and a 52 week high of $29.00.

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First Guaranty Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 1st. Shareholders of record on Tuesday, November 15th were issued a $0.4219 dividend. The ex-dividend date was Monday, November 14th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 6.70%.

About First Guaranty Bancshares

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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.

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