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Eric Dosch, Senior Vice President and Chief Financial Officer of First Guaranty Bancshares, Inc. (NASDAQ:FGBI), recently purchased 100 shares of the company’s common stock. The shares were acquired at a price of $8.47 each, amounting to a total transaction value of $847. The purchase comes as InvestingPro analysis indicates the stock is trading below its Fair Value, with shares down nearly 27% over the past six months. Following this purchase, Dosch’s direct ownership in the company stands at 28,396 shares.
In addition to his direct holdings, Dosch also has indirect ownership through various means, including custodial accounts for his children, his spouse, an Employee Stock Ownership Plan (ESOP), and a trust. The trust, known as the Lowell John Dosch Revocable Living Trust UA DTD 02/28/2000, holds 732 shares, but Dosch disclaims any beneficial ownership of these shares except for his pecuniary interest.
This acquisition reinforces Dosch’s commitment to First Guaranty Bancshares, a federally chartered savings institution based in Hammond, Louisiana. Unlock more insights about FGBI with InvestingPro, which offers additional exclusive tips and comprehensive financial analysis.
In other recent news, First Guaranty Bancshares announced a quarterly cash dividend for holders of its depositary shares. Each share represents a 1/40th interest in its 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock, with the dividend set at $0.421875 per depositary share. Shareholders of record as of February 14, 2025, will receive the dividend on March 3, 2025. This announcement was made by Eric J. Dosch, the Chief Financial Officer of the company, in compliance with the Securities Exchange Act of 1934.
Additionally, First Guaranty Bancshares has welcomed Mr. Robert W. Walker to its Board of Directors. Mr. Walker, who previously served as President and CEO of Premier Financial Bancorp, Inc., brings a wealth of experience to the board. His appointment was confirmed in a Form 8-K filing with the Securities and Exchange Commission. The filing noted that Mr. Walker is not currently involved in any transactions with the company that require disclosure under SEC regulations.
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