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HAMMOND, La.—In a recent transaction, Robert W. Walker, a director at First Guaranty Bancshares, Inc. (NASDAQ:FGBI), acquired 6,000 shares of the company’s common stock. The shares were purchased on March 31, 2025, at a price of $8.47 per share. The regional bank, currently valued at $118 million, trades at an attractive P/E ratio of 11.8x and appears undervalued according to InvestingPro analysis. This acquisition represents a total investment of approximately $50,820. Following this transaction, Walker now holds 6,000 shares directly. The company has maintained dividend payments for 20 consecutive years, demonstrating consistent shareholder returns. InvestingPro subscribers can access 6 additional key insights about FGBI’s financial health and growth prospects.
In other recent news, First Guaranty Bancshares has declared a quarterly cash dividend for its Series A Preferred Stock. The dividend, amounting to $0.421875 per depositary share, is scheduled for distribution on June 2, 2025, to shareholders recorded as of May 15, 2025. This financial move reflects the company’s ongoing commitment to providing returns to its preferred stockholders. Additionally, First Guaranty Bancshares has announced the election of Mr. Robert W. Walker to its Board of Directors. Mr. Walker, formerly the President and CEO of Premier Financial Bancorp, Inc., brings significant experience to the board. The company has not disclosed any immediate plans for Mr. Walker to serve on board committees. These developments indicate an ongoing evolution in the company’s leadership and financial strategies.
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