First Guaranty Bancshares, Inc. (FGBI) Files Form 4 Insider Buying : William K Hood Buys 212,867 Shares

First Guaranty Bancshares, Inc. (FGBI): William K Hood , director 10% owner of First Guaranty Bancshares, Inc. purchased 212,867 shares on Sep 19, 2016. The Insider buying transaction was reported by the company on Sep 21, 2016 to the Securities and Exchange Commission. The shares were purchased at $16.50 per share for a total value of $3,512,305.50 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 21, 2016, Edgar R. Iii Smith (director 10% owner) purchased 387,184 shares at $16.50 per share price.On Feb 25, 2016, William K Hood (director) purchased 462 shares at $16.00 per share price.Also, On Nov 12, 2015, Alton B Jr Lewis (CEO) purchased 3,000 shares at $18.50 per share price.On Nov 12, 2015, Glenda Baskin Glover (director) purchased 1,000 shares at $18.50 per share price.

First Guaranty Bancshares Inc. is a bank holding company. The Company operates through its wholly owned subsidiary First Guaranty Bank (the Bank). The Bank offers personalized commercial banking services to Louisiana customers through approximately 21 banking facilities primarily located in the Market Services Areas (MSAs) of Hammond Baton Rouge Lafayette and Shreveport-Bossier City. Its principal business consists of attracting deposits from the general public and local municipalities in its market areas and investing those deposits together with funds generated from operations and borrowings in securities and in lending activities to serve the credit needs of its customer base including commercial real estate loans commercial and industrial loans one- to four-family residential real estate loans construction and land development loans agricultural and farmland loans and to a lesser extent consumer and multifamily loans.

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