Robert Clark Nickles, Jr. Purchases 700 Shares of First Financial Bankshares (NASDAQ:FFIN) Stock

First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Robert Clark Nickles, Jr. acquired 700 shares of the firm’s stock in a transaction on Friday, July 24th. The stock was purchased at an average price of $34.89 per share, for a total transaction of $24,423.00. Following the acquisition, the director directly owned 98,324 shares in the company, valued at $3,430,524.36. This represents a 0.72% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

First Financial Bankshares Stock Up 0.1%

Shares of FFIN opened at $35.24 on Thursday. The firm’s fifty day moving average is $33.84 and its two-hundred day moving average is $32.40. The stock has a market cap of $5.05 billion, a PE ratio of 18.84 and a beta of 0.81. First Financial Bankshares, Inc. has a 52-week low of $28.11 and a 52-week high of $38.12.

First Financial Bankshares (NASDAQ:FFIN) last posted its quarterly earnings results on Thursday, July 16th. The bank reported $0.50 earnings per share for the quarter, hitting the consensus estimate of $0.50. First Financial Bankshares had a net margin of 31.03% and a return on equity of 14.00%. The firm had revenue of $172.76 million for the quarter, compared to the consensus estimate of $173.03 million. During the same period last year, the firm posted $0.47 earnings per share. As a group, research analysts anticipate that First Financial Bankshares, Inc. will post 2.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on FFIN shares. Benchmark started coverage on First Financial Bankshares in a report on Wednesday, June 24th. They set a “buy” rating and a $39.00 target price on the stock. Keefe, Bruyette & Woods cut their price target on First Financial Bankshares from $36.00 to $34.00 and set a “market perform” rating for the company in a report on Thursday, April 9th. Weiss Ratings raised First Financial Bankshares from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, July 20th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $35.00 price objective (up from $34.00) on shares of First Financial Bankshares in a research note on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, First Financial Bankshares currently has a consensus rating of “Moderate Buy” and an average price target of $36.75.

Institutional Trading of First Financial Bankshares

Several hedge funds have recently made changes to their positions in FFIN. Versant Capital Management Inc lifted its holdings in First Financial Bankshares by 8.4% in the second quarter. Versant Capital Management Inc now owns 3,824 shares of the bank’s stock valued at $132,000 after acquiring an additional 295 shares during the last quarter. Signaturefd LLC increased its stake in First Financial Bankshares by 6.2% during the fourth quarter. Signaturefd LLC now owns 5,863 shares of the bank’s stock worth $175,000 after acquiring an additional 344 shares during the last quarter. Smart Money Group LLC raised its position in First Financial Bankshares by 0.4% in the first quarter. Smart Money Group LLC now owns 80,245 shares of the bank’s stock valued at $2,363,000 after purchasing an additional 354 shares during the period. Rockefeller Capital Management L.P. raised its position in First Financial Bankshares by 2.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 13,147 shares of the bank’s stock valued at $393,000 after purchasing an additional 356 shares during the period. Finally, Ballentine Partners LLC lifted its stake in shares of First Financial Bankshares by 3.0% in the 4th quarter. Ballentine Partners LLC now owns 13,482 shares of the bank’s stock valued at $403,000 after purchasing an additional 391 shares during the last quarter. Hedge funds and other institutional investors own 69.78% of the company’s stock.

First Financial Bankshares Company Profile

First Financial Bankshares, Inc is a regional bank holding company headquartered in Cincinnati, Ohio. Through its primary subsidiary, First Financial Bank, the company offers a full suite of banking products and services to individual, small business and commercial clients. With roots dating back to 1863, First Financial has cultivated a strong community banking heritage, combining personalized service with modern financial solutions.

The company’s core business activities include commercial and consumer lending, deposit products, treasury management, mortgage origination and servicing, and wealth management.