In This Article:
Potential First Financial Bankshares, Inc. (NASDAQ:FFIN) shareholders may wish to note that the Independent Director, Robert Nickles, recently bought US$300k worth of stock, paying US$32.75 for each share. That's a very decent purchase to our minds and it grew their holding by a solid 13%.
See our latest analysis for First Financial Bankshares
The Last 12 Months Of Insider Transactions At First Financial Bankshares
In the last twelve months, the biggest single purchase by an insider was when Independent Director Michael Denny bought US$499k worth of shares at a price of US$41.17 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$30.24). While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. In our view, the price an insider pays for shares is very important. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.
While First Financial Bankshares insiders bought shares during the last year, they didn't sell. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
First Financial Bankshares is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. First Financial Bankshares insiders own about US$184m worth of shares (which is 4.3% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
What Might The Insider Transactions At First Financial Bankshares Tell Us?
It's certainly positive to see the recent insider purchases. We also take confidence from the longer term picture of insider transactions. When combined with notable insider ownership, these factors suggest First Financial Bankshares insiders are well aligned, and quite possibly think the share price is too low. Looks promising! Therefore, you should definitely take a look at this FREE report showing analyst forecasts for First Financial Bankshares.