The EVP of First Financial Bankshares is Exercising Options

By Carrie Williams

Today, the EVP of First Financial Bankshares, Gary Gragg, exercised options of First Financial Bankshares for $28.53K.

This recent transaction increases Gary Gragg’s holding in the company by 4.2% to a total of $1.92 million. Following Gary Gragg’s last FFIN Buy transaction on January 31, 2017, the stock climbed by 3.5%.

Based on First Financial Bankshares’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $86.83 million and quarterly net profit of $29.37 million. In comparison, last year the company earned revenue of $80.41 million and had a net profit of $25.6 million. The company has a one-year high of $48.85 and a one-year low of $36.85. FFIN’s market cap is $2.99B and the company has a P/E ratio of 27.28.

Based on 3 analyst ratings, the analyst consensus is Hold with an average price target of $44, reflecting a 3.5% upside.

In the last 30 days, insiders have sold $62.27K worth of FFIN shares and purchased $28.53K worth of FFIN shares. The insider sentiment on First Financial Bankshares has been negative according to 52 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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First Financial Bankshares, Inc. (Texas) is a bank holding company, which engages in the provision of financial and community banking services. It offers mortgage loans, savings and checking accounts, auto and equity loans, online and mobile banking, investment and trust management, and retirement plans.