CEO Michael Ray buys 1,000 shares of FGBI at $10.37; holdings increase to 1,368 shares (+271.7% vs pre-transaction)
Michael Ray, CEO of First Guaranty Bancshares, purchased 1,000 shares for $10,370.00 on 2024-07-31, raising his holdings from 368 shares to 1,368 shares. The transaction occurred when the stock was trading at $10.37, roughly 22.2% below its 52-week high of $13.50 but up 16.7% over the prior 30 days. The 271.7% increase in Ray's position size represents a material expansion of his direct ownership stake at a mid-range valuation within the year's trading band. As the CEO, Ray's purchase warrants attention to how the company's fundamentals (P/E of 16.41, market cap of $131.3M, net income of $2.3M) and near-term momentum align with his capital deployment.