First Financial Bankshares (NASDAQ:FFIN) Director Buys 700 Shares

First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Robert Clark Nickles, Jr. purchased 700 shares of First Financial Bankshares stock in a transaction that occurred on Friday, July 24th. The shares were bought at an average price of $34.89 per share, with a total value of $24,423.00. Following the transaction, the director owned 98,324 shares of the company’s stock, valued at $3,430,524.36. This trade represents a 0.72% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

First Financial Bankshares Trading Up 1.5%

Shares of NASDAQ:FFIN traded up $0.53 during mid-day trading on Tuesday, reaching $34.97. The company had a trading volume of 248,344 shares, compared to its average volume of 844,055. First Financial Bankshares, Inc. has a one year low of $28.11 and a one year high of $38.12. The company’s 50-day moving average price is $33.70 and its 200-day moving average price is $32.34. The firm has a market cap of $5.01 billion, a price-to-earnings ratio of 18.71 and a beta of 0.81.

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

Analysts Set New Price Targets

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

Institutional Trading of First Financial Bankshares

Hedge funds and other institutional investors have recently bought and sold shares of the company. Quarry LP grew its holdings in shares of First Financial Bankshares by 66.3% during the 3rd quarter. Quarry LP now owns 1,026 shares of the bank’s stock valued at $35,000 after purchasing an additional 409 shares during the last quarter. Danske Bank A S raised its position in First Financial Bankshares by 200.0% during the 4th quarter. Danske Bank A S now owns 1,200 shares of the bank’s stock valued at $36,000 after purchasing an additional 800 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in First Financial Bankshares during the 4th quarter valued at approximately $44,000. CIBC Private Wealth Group LLC purchased a new stake in First Financial Bankshares in the 3rd quarter worth approximately $50,000. Finally, State of Wyoming purchased a new stake in First Financial Bankshares in the 2nd quarter worth approximately $54,000. 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.