BUZZ-First Guaranty Bancshares ends higher after director buys stock

Reuters

12/09

BUZZ-<a href="https://laohu8.com/S/FGBI">First Guaranty Bancshares</a> ends higher after director buys stock

** Community lender First Guaranty Bancshares' FGBI.O 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 Friday

** 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, driven by an impairment charge and increased reserves for bad loans linked to an auto parts manufacturer's bankruptcy

** As of last close, FGBI stock down 57.8% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com))

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