Insider Buy at First Financial Bankshares Inc (FFIN): Scott Dueser Snapped Up 3,000 Shares


First Financial Bankshares Inc (NASDAQ:FFIN)’s Chairman, President & Ceo Scott F Dueser purchased 3,000 shares of common stock, at a price of $ 16.78 per share, released pursuant to Rule 16b-3. Following this transaction, Mr. Dueser owns indirectly 575,702 shares, by Trust, and another 278,002 securities by a partnership in which he is manager. “Mr. Dueser disclaims beneficial ownership of 208,502 of these shares as a result of not having a pecuniary interest in such shares,” (SEC). Prior to this acquisition, Mr. Dueser’s previous transaction was during Q1 2013, when he bought 6,024 shares, at a price of $43.82, per share.

During 2014, the company witnessed three other insider acquisitions, apart from Mr. Dueser’s. During Q1 2014, Directors Johnny Trotter, Ronald Giddiens and Hamilton Murray Edwards, acquired 12,529 shared, at prices ranging from $ 59.40 to $ 62.00, 288 shares, at an average price of $61.11 per share, and 1,610 shares, at an average price of $ 61.53 each share, respectively.

In addition, this $2.04 billion Market Cap financial holding company has perceived important hedge funds’ activity over the last reported quarter. Israel Englander’s Millennium Management increased its stake at First Financial Bankshares Inc (NASDAQ:FFIN) by 225%, and now holds 34,628 shares, worth more than $2 million. Moreover, Jim Simons’ Renaissance Technologies started investing at the company during last quarter, and currently owns 28,227 shares, valued at more than $1.7 million.

Disclosure: None.

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