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Bruce McAnally, a director at First Guaranty Bancshares, Inc. (NASDAQ:FGBI), recently acquired 24,615 shares of the company’s common stock. The purchase, completed on March 31, 2025, was valued at approximately $208,489, with shares bought at an average price of $8.47 each. The acquisition comes as the stock trades near $7.73, down roughly 27% over the past six months, with a current market capitalization of $99 million.
Following this transaction, McAnally holds a total of 145,839 shares indirectly through the BMAC Irrevocable Asset Trust, for which he serves as trustee. This acquisition reflects McAnally’s continued investment in the company, which is headquartered in Hammond, Louisiana. According to InvestingPro analysis, FGBI currently trades at an attractive P/E ratio of 9.75 and appears undervalued, with additional insights showing the company has maintained dividend payments for 20 consecutive years.
In other recent news, First Guaranty Bancshares announced a quarterly cash dividend for its preferred stockholders. The dividend, set at $0.421875 per depositary share, equates to a $16.875 per share dividend on the underlying Series A Preferred Stock. Shareholders of record as of February 14, 2025, will receive the dividend on March 3, 2025. This financial update was confirmed by Eric J. Dosch, the company’s Chief Financial Officer.
Additionally, First Guaranty Bancshares has welcomed Mr. Robert W. Walker to its Board of Directors. Mr. Walker, who has a background as President and CEO of Premier Financial Bancorp, Inc., was elected on March 20, 2025. The appointment was noted in a Form 8-K filing with the SEC, which also clarified that Mr. Walker is not involved in any transactions requiring disclosure under SEC regulations. These developments reflect the company’s ongoing evolution in leadership and financial strategies.
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