First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Buys $17,884.88 in Stock

First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Robert Clark Nickles, Jr. purchased 593 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were bought at an average price of $30.16 per share, with a total value of $17,884.88. Following the completion of the acquisition, the director now owns 93,563 shares of the company’s stock, valued at approximately $2,821,860.08. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

First Financial Bankshares Price Performance

NASDAQ FFIN opened at $30.76 on Friday. First Financial Bankshares, Inc. has a fifty-two week low of $22.84 and a fifty-two week high of $33.15. The stock’s 50-day moving average is $30.88 and its two-hundred day moving average is $29.22. The firm has a market cap of $4.39 billion, a P/E ratio of 21.97 and a beta of 0.83.

First Financial Bankshares (NASDAQ:FFIN) last posted its earnings results on Tuesday, April 23rd. The bank reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.02. First Financial Bankshares had a return on equity of 14.28% and a net margin of 30.03%. The firm had revenue of $129.63 million during the quarter, compared to analyst estimates of $129.72 million. During the same period in the previous year, the company earned $0.39 EPS. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, equities analysts expect that First Financial Bankshares, Inc. will post 1.47 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on FFIN. Stephens decreased their target price on shares of First Financial Bankshares from $35.00 to $31.00 and set an “equal weight” rating for the company in a research note on Friday, April 19th. Truist Financial cut their price objective on First Financial Bankshares from $34.00 to $32.00 and set a “hold” rating for the company in a report on Monday, April 22nd. Finally, Keefe, Bruyette & Woods boosted their target price on First Financial Bankshares from $30.00 to $31.00 and gave the company a “market perform” rating in a research note on Friday, January 26th. One equities research analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $31.33.

Institutional Investors Weigh In On First Financial Bankshares

Hedge funds have recently bought and sold shares of the company. First Command Advisory Services Inc. acquired a new position in shares of First Financial Bankshares during the 3rd quarter worth about $26,000. Lindbrook Capital LLC boosted its position in shares of First Financial Bankshares by 134.8% in the fourth quarter. Lindbrook Capital LLC now owns 911 shares of the bank’s stock valued at $28,000 after acquiring an additional 523 shares during the period. Hexagon Capital Partners LLC grew its stake in shares of First Financial Bankshares by 81.1% in the first quarter. Hexagon Capital Partners LLC now owns 927 shares of the bank’s stock worth $30,000 after acquiring an additional 415 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of First Financial Bankshares in the third quarter worth $40,000. Finally, Signaturefd LLC increased its position in First Financial Bankshares by 35.6% during the third quarter. Signaturefd LLC now owns 2,676 shares of the bank’s stock worth $67,000 after acquiring an additional 703 shares during the period. 69.78% of the stock is currently owned by institutional investors.

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.