BUZZ-First Guaranty Bancshares ends higher after director buys stock
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Community lender First Guaranty Bancshares’shares close up 8.8% at $4.80 FGBI director Robert Walker bought 3,600 shares of the bank in recent weeks, according to a regulatory filing late on FridayBuybacks and insider buying are the strongest signals companies can send to the market, according to analysts In October, FGBI reported a third-quarter loss, driven by an impairment charge and increased reserves for bad loans linked to an auto parts manufacturer’s bankruptcyAs of last close, FGBI stock down 57.8% YTD
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