First Guaranty Drops 5%; Credit Cleanup in Focus for Traders
First Guaranty Bancshares Inc. heads into Monday in the red after a rough Friday, with shares closing at $9.56, down 5.25%. The Louisiana bank’s Nasdaq-listed shares ended May 29 right at the low end of their $9.56-to-$10.12 range. Roughly 34,152 shares traded. Investors are still watching the unfinished credit cleanup. Nasdaq is set to start regular trading again at 9:30 a.m. Eastern. Monday isn’t a U.S. equity-market holiday. In thinly traded stocks, a little selling can move prices more sharply than in a large-cap bank.