First Financial Bankshares (NASDAQ:FFIN) Director Murray Hamilton Edwards Buys 800 Shares of Company Stock

First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Murray Edwards acquired 800 shares of the firm’s stock in a transaction that occurred on Friday, October 30th. The shares were bought at an average price of $30.53 per share, for a total transaction of $24,424.00. Following the completion of the purchase, the director owned 45,434 shares in the company, valued at $1,387,100.02. This trade represents a 1.79% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

First Financial Bankshares Stock Performance

Shares of FFIN opened at $31.04 on Wednesday. The stock’s 50-day simple moving average is $31.91 and its 200 day simple moving average is $32.49. The stock has a market capitalization of $4.45 billion, a price-to-earnings ratio of 15.49 and a beta of 0.80. First Financial Bankshares, Inc. has a 52-week low of $28.11 and a 52-week high of $36.52.

First Financial Bankshares (NASDAQ:FFIN) last posted its earnings results on Thursday, October 15th. The bank reported $0.52 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.52. First Financial Bankshares had a return on equity of 14.91% and a net margin of 33.16%. The business had revenue of $174.14 million during the quarter, compared to analyst estimates of $178.63 million. During the same quarter in the previous year, the firm earned $0.36 EPS. On average, research analysts forecast that First Financial Bankshares, Inc. will post 2.05 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Cantor Fitzgerald cut their price objective on shares of First Financial Bankshares from $35.00 to $34.00 and set a “neutral” rating for the company in a research report on Wednesday, October 14th. Raymond James Financial began coverage on shares of First Financial Bankshares in a research note on Wednesday, October 14th. They issued a “market perform” rating on the stock. Hovde Group assumed coverage on shares of First Financial Bankshares in a research note on Friday, September 11th. They issued a “market perform” rating and a $36.00 target price on the stock. Weiss Ratings downgraded shares of First Financial Bankshares from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, September 25th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and set a $34.00 price target (down from $35.00) on shares of First Financial Bankshares in a research report on Friday, October 16th. One investment analyst has rated the stock with a Strong Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $35.20.

Institutional Trading of First Financial Bankshares

A number of hedge funds have recently made changes to their positions in FFIN. Paragon Advisors LLC increased its position in shares of First Financial Bankshares by 26.0% during the 3rd quarter. Paragon Advisors LLC now owns 15,437 shares of the bank’s stock valued at $490,000 after purchasing an additional 3,188 shares during the last quarter. Brighton Jones LLC lifted its position in First Financial Bankshares by 5.3% in the 3rd quarter. Brighton Jones LLC now owns 8,637 shares of the bank’s stock worth $274,000 after buying an additional 438 shares during the last quarter. Ethic Inc. lifted its position in First Financial Bankshares by 19.5% in the 3rd quarter. Ethic Inc. now owns 7,350 shares of the bank’s stock worth $233,000 after buying an additional 1,199 shares during the last quarter. StoneX Group Inc. bought a new stake in First Financial Bankshares in the 3rd quarter worth approximately $405,000. Finally, Parallel Advisors LLC boosted its stake in First Financial Bankshares by 17.8% in the third quarter. Parallel Advisors LLC now owns 2,461 shares of the bank’s stock worth $78,000 after buying an additional 371 shares in the last quarter. 69.78% of the stock is owned by institutional investors.

First Financial Bankshares Company Profile

First Financial Bankshares, Inc is a Texas-based financial holding company headquartered in Abilene, Texas. Through its principal subsidiary, First Financial Bank, the company provides banking and financial services to individuals, businesses, agricultural customers and public-sector organizations. The bank traces its roots to 1890 and has grown through expansion and acquisitions into a regional banking organization serving communities across Texas.

First Financial Bank offers a range of deposit products, including checking, savings, money market and certificate of deposit accounts.