First Financial Bankshares, Inc. (NASDAQ:FFIN) insiders placed bullish bets worth US$3.7m in the last 12 months
It is usually uneventful when a single insider buys stock. However, When quite a few insiders buy shares, as it happened in First Financial Bankshares, Inc.'s (NASDAQ:FFIN) case, it's fantastic news for shareholders.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we do think it is perfectly logical to keep tabs on what insiders are doing.
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 sale by an insider was when the Chairman, F. Dueser, sold US$2.0m worth of shares at a price of US$50.74 per share. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The silver lining is that this sell-down took place above the latest price (US$39.93). So it may not shed much light on insider confidence at current levels.
In the last twelve months insiders purchased 85.18k shares for US$3.7m. On the other hand they divested 60.00k shares, for US$3.1m. Overall, First Financial Bankshares insiders were net buyers during the last year. 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!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
First Financial Bankshares Insiders Bought Stock Recently
It's good to see that First Financial Bankshares insiders have made notable investments in the company's shares. Not only was there no selling that we can see, but they collectively bought US$1.9m worth of shares. This could be interpreted as suggesting a positive outlook.
Does First Financial Bankshares Boast High Insider Ownership?
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. First Financial Bankshares insiders own 4.3% of the company, currently worth about US$242m based on the recent share price. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
So What Do The First Financial Bankshares Insider Transactions Indicate?
It is good to see recent purchasing. And the longer term insider transactions also give us confidence. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about First Financial Bankshares. Looks promising! Therefore, you should definitely take a look at this FREE report showing analyst forecasts for First Financial Bankshares.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
