Insider Trading March 9, 2026

First Financial EVP Goodrich Buys $49,766 Worth of Stock as Shares Hover Near 52-Week Low

General counsel acquires 1,665 shares; street positioning mixed amid modest analyst outlook and internal promotions

By Ajmal Hussain FFIN
First Financial EVP Goodrich Buys $49,766 Worth of Stock as Shares Hover Near 52-Week Low
FFIN

First Financial Bankshares executive vice president and general counsel, Brian D. Goodrich, purchased 1,665 shares of the company's common stock on March 6, 2026, for a total of $49,766. The transaction occurred as the shares traded close to their 52-week low. Recent analyst action and internal management moves add context to the insider purchase.

Key Points

  • Brian D. Goodrich, EVP and general counsel, bought 1,665 shares at $29.89 on March 6, 2026, totaling $49,766 - relevant to investor sentiment in the banking sector.
  • Shares traded near a 52-week low ($28.89) and were quoted at $30.26 at the time of reporting; InvestingPro analysis cited the stock as appearing undervalued on Fair Value metrics - relevant to equity valuation and financials.
  • Brean Capital initiated coverage with a Neutral rating and a $36.00 price target, projecting EPS of $1.95 for FY26 and $2.07 for FY27, slightly below current consensus - relevant to analyst coverage and earnings expectations.

First Financial Bankshares (NASDAQ: FFIN) reported an insider purchase on March 6, 2026. According to a Form 4 filing with the Securities and Exchange Commission, Brian D. Goodrich, who serves as executive vice president and general counsel, acquired 1,665 shares of the company's common stock at $29.89 per share, for an aggregate outlay of $49,766.

The trade was executed while the stock was trading near its 52-week low of $28.89 and with the prevailing quote at $30.26. Independent analysis referenced in the filing indicates that the stock appears undervalued when measured against Fair Value metrics.


Key company metrics highlighted alongside the transaction include a market capitalization of $4.31 billion and a dividend yield of 2.51%. The company has a track record of increasing its dividend for 15 consecutive years, a point noted in disclosures accompanying the filing.

On the research front, Brean Capital initiated coverage of First Financial with a Neutral rating and set a $36.00 price target. In that initiation, analyst John Rodis projected earnings per share of $1.95 for fiscal year 2026 and $2.07 for fiscal year 2027. Those estimates are marginally below the consensus figures cited for the same periods, which stand at $1.99 for FY26 and $2.11 for FY27.

Separately, the company has announced internal promotions tied to its succession planning. James Alexander has been elevated to Executive Vice President and Head of Commercial Banking, a post previously held by David Bailey, who is currently president of the company and the bank. Alexander joined First Financial in 2018 following the acquisition of Commercial State Bank in Kingwood.

The combination of an insider purchase, a Neutral analyst initiation, slightly lower EPS projections from Brean Capital versus consensus, and senior management changes provides a compact set of developments for investors to weigh—each documented in public filings and company announcements.

Risks

  • Share price proximity to the 52-week low indicates market weakness in the short term for the stock - impacts equity investors and financial sector sentiment.
  • Brean Capital's EPS projections are slightly below consensus for FY26 and FY27, reflecting earnings forecast uncertainty that could affect valuation - impacts earnings-driven investment decisions.
  • A Neutral initiation by an analyst house suggests limited near-term upside from that research perspective, which may temper investor enthusiasm - impacts market momentum for the bank's stock.

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