Insider Buying: First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Purchases 524 Shares of Stock

First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Robert Clark Nickles, Jr. bought 524 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was purchased at an average cost of $35.22 per share, for a total transaction of $18,455.28. Following the transaction, the director now owns 94,087 shares of the company’s stock, valued at $3,313,744.14. This trade represents a 0.56 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

First Financial Bankshares Stock Performance

FFIN traded up $0.25 during trading on Thursday, reaching $37.62. The company’s stock had a trading volume of 419,615 shares, compared to its average volume of 506,724. The company’s fifty day moving average price is $38.34 and its 200-day moving average price is $37.46. The company has a market capitalization of $5.38 billion, a price-to-earnings ratio of 25.94 and a beta of 0.83. First Financial Bankshares, Inc. has a 52-week low of $27.62 and a 52-week high of $44.66.

First Financial Bankshares (NASDAQ:FFIN) last released its quarterly earnings results on Thursday, January 23rd. The bank reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.03. First Financial Bankshares had a net margin of 28.76% and a return on equity of 13.43%. Equities analysts predict that First Financial Bankshares, Inc. will post 1.52 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have commented on FFIN. Hovde Group boosted their price target on shares of First Financial Bankshares from $34.50 to $40.00 and gave the stock a “market perform” rating in a report on Monday, October 21st. Stephens boosted their price target on shares of First Financial Bankshares from $37.00 to $40.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of First Financial Bankshares from $40.00 to $41.00 and gave the stock a “market perform” rating in a research report on Monday.

Hedge Funds Weigh In On First Financial Bankshares

A number of hedge funds have recently made changes to their positions in FFIN. Intech Investment Management LLC bought a new stake in First Financial Bankshares in the third quarter valued at $673,000. State Street Corp boosted its holdings in First Financial Bankshares by 4.7% during the third quarter. State Street Corp now owns 6,222,092 shares of the bank’s stock worth $231,381,000 after buying an additional 281,166 shares in the last quarter. Citigroup Inc. raised its holdings in First Financial Bankshares by 27.0% during the 3rd quarter. Citigroup Inc. now owns 250,553 shares of the bank’s stock worth $9,273,000 after buying an additional 53,195 shares during the period. Mutual of America Capital Management LLC raised its holdings in shares of First Financial Bankshares by 43.2% during the third quarter. Mutual of America Capital Management LLC now owns 393,902 shares of the bank’s stock valued at $14,578,000 after acquiring an additional 118,830 shares during the period. Finally, Natixis Advisors LLC raised its stake in First Financial Bankshares by 37.5% during the 3rd quarter. Natixis Advisors LLC now owns 613,381 shares of the bank’s stock valued at $22,701,000 after purchasing an additional 167,433 shares during the period. Hedge funds and other institutional investors own 69.78% of the company’s stock.

About First Financial Bankshares

First Financial Bankshares, Inc, through its subsidiaries, provides commercial banking products and services in Texas. The company offers checking, savings and time deposits; automated teller machines, drive-in, and night deposit services; safe deposit facilities, remote deposit capture, internet banking, mobile banking, payroll cards, funds transfer, and performing other customary commercial banking services; securities brokerage services; and trust and wealth management services, including wealth management, estates administration, oil and gas management, testamentary trusts, revocable and irrevocable trusts, and agency accounts.