BUZZ-First Guaranty Bancshares jumps as insiders double down after rocky 2025

Reuters01-05
BUZZ-<a href="https://laohu8.com/S/FGBI">First Guaranty Bancshares</a> jumps as insiders double down after rocky 2025

** Community lender First Guaranty Bancshares' FGBI.O shares jump 15.6% to $6.22 in morning trading

** FGBI directors Edgar Smith III, Bruce McAnally, and Marshall Reynolds bought stock on December 31, according to regulatory filings on late Friday

** Edgar Smith III bought over $1 million worth of FGBI stock, while Bruce McAnally and Marshall Reynolds bought $500,040 and $250,004 worth of the bank's shares, respectively

** Buybacks and insider buying are the strongest signals companies can send to the market, according to analysts

** In October, FGBI reported a third-quarter loss, largely driven by exposure to an auto parts manufacturer's bankruptcy

** FGBI stock slumped 52.7% in 2025

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment