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Marshall T. Reynolds, a director at First Guaranty Bancshares, Inc. (NASDAQ:FGBI), has acquired 8,460 shares of the company’s common stock. The purchase, made on April 1, 2025, was executed at a price of $8.47 per share, resulting in a total transaction value of $71,656. This acquisition was made through Reynolds Capital Partners (WA:CPAP), an affiliate of Mr. Reynolds. The purchase comes as the stock trades significantly below its 52-week high of $15.25, with InvestingPro analysis indicating the stock is currently undervalued.
Following this transaction, Mr. Reynolds holds a significant stake in First Guaranty Bancshares, with various ownerships including direct and indirect holdings through affiliates and trusts. As of the latest filing, his direct ownership stands at 1,885,603 shares, with additional shares held indirectly through entities such as Purple Cap, LLC, M.T. Reynolds Irrevocable Trust, and others. The bank, with a market capitalization of $98.54 million, trades at an attractive P/E ratio of 9.7x and maintains a 20-year track record of consistent dividend payments.
This transaction reflects Mr. Reynolds’ continued investment in First Guaranty Bancshares, a federally chartered savings institution based in Hammond, Louisiana. For deeper insights into insider transactions and additional financial metrics, investors can access comprehensive analysis through InvestingPro, which offers 7 key investment tips for FGBI.
In other recent news, First Guaranty Bancshares has announced the election of Robert W. Walker to its Board of Directors. Walker, who previously served as President and CEO of Premier Financial Bancorp, Inc., brings significant experience to the board. His appointment was confirmed in a Form 8-K filing with the Securities and Exchange Commission, although there are no immediate plans for him to serve on any board committees. Additionally, First Guaranty Bancshares declared 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 financial event complies with the Securities Exchange Act of 1934, as stated by Eric J. Dosch, the company’s Chief Financial Officer. These developments reflect ongoing changes and financial activities at First Guaranty Bancshares.
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