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Robert W. Walker, a director at First Guaranty Bancshares, Inc. (NASDAQ:FGBI), increased his stake in the company with a purchase of 3,000 shares of common stock on May 20, 2025. The shares were acquired at a weighted average price of $9.12 per share, resulting in a total transaction value of $27,359. This transaction was executed in multiple trades at prices ranging from $9.05 to $9.20. Following this acquisition, Walker now holds a total of 10,000 shares in the $118.67 million market cap company. The insider purchase comes as FGBI shares have declined over 30% in the past six months, though InvestingPro analysis suggests the stock is currently fairly valued.
Additionally, on May 19, 2025, Walker acquired 1,000 shares at a price of $9.25 each, adding $9,250 to his investment. This brings his total ownership to 7,000 shares prior to the May 20 transaction. Analysts maintain a $10 price target for FGBI, which has maintained dividend payments for 20 consecutive years. InvestingPro subscribers can access 6 additional key insights about First Guaranty Bancshares’ financial health and growth prospects.
In other recent news, First Guaranty Bancshares announced a quarterly cash dividend of $0.01 per share on its common stock, marking its 128th consecutive dividend payment. This reflects the company’s commitment to returning value to shareholders. Additionally, a dividend for the Series A Preferred Stock has been declared, amounting to $0.421875 per depositary share, with payments scheduled for early June. The company also reported the results of its annual shareholder meeting, where all proposed directors were elected and executive compensation was approved. Griffith, DeLaney, Hillman & Lett, CPAs, PSC was ratified as the independent registered public accounting firm for the upcoming fiscal year. Furthermore, First Guaranty Bancshares announced the election of Mr. Robert W. Walker to its Board of Directors, bringing his extensive experience from Premier Financial Bancorp, Inc. These developments underscore First Guaranty Bancshares’ ongoing efforts to maintain robust governance and financial practices.
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