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

First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Robert Clark Nickles, Jr. acquired 593 shares of First Financial Bankshares stock in a transaction that occurred on Wednesday, May 1st. The shares were purchased at an average cost 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

First Financial Bankshares Trading Up 0.6 %

First Financial Bankshares stock opened at $30.76 on Friday. The stock has a market cap of $4.39 billion, a PE ratio of 21.97 and a beta of 0.83. The stock has a 50-day moving average price of $30.88 and a 200 day moving average price of $29.22. First Financial Bankshares, Inc. has a 52 week low of $22.84 and a 52 week high of $33.15.

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Blue Trust Inc. increased its stake in First Financial Bankshares by 1.5% in the fourth quarter. Blue Trust Inc. now owns 24,927 shares of the bank’s stock valued at $755,000 after purchasing an additional 379 shares during the last quarter. SYSTM Wealth Solutions LLC increased its stake in shares of First Financial Bankshares by 17.4% during the 1st quarter. SYSTM Wealth Solutions LLC now owns 2,681 shares of the bank’s stock valued at $88,000 after acquiring an additional 398 shares during the last quarter. Hexagon Capital Partners LLC lifted its holdings in shares of First Financial Bankshares by 81.1% during the 1st 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 period. Retirement Systems of Alabama boosted its position in shares of First Financial Bankshares by 0.3% in the first quarter. Retirement Systems of Alabama now owns 161,287 shares of the bank’s stock worth $5,292,000 after acquiring an additional 426 shares during the last quarter. Finally, Ballentine Partners LLC grew its holdings in First Financial Bankshares by 4.5% in the first quarter. Ballentine Partners LLC now owns 12,130 shares of the bank’s stock valued at $398,000 after purchasing an additional 521 shares during the period. Hedge funds and other institutional investors own 69.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on FFIN shares. Keefe, Bruyette & Woods lifted their price target on First Financial Bankshares from $30.00 to $31.00 and gave the stock a “market perform” rating in a research note on Friday, January 26th. Stephens cut 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 report on Friday, April 19th. Finally, Truist Financial lowered their price target on shares of First Financial Bankshares from $34.00 to $32.00 and set a “hold” rating on the stock in a research report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $31.33.

First Financial Bankshares Company Profile

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.