First Financial Bankshares (NASDAQ:FFIN) Stock: Insider Robert Clark Nickles, Jr. Purchases 820 Shares

First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Robert Nickles, Jr. purchased 820 shares of the company’s stock in a transaction on Friday, October 23rd. The shares were bought at an average cost of $30.12 per share, with a total value of $24,698.40. Following the transaction, the director directly owned 99,144 shares of the company’s stock, valued at $2,986,217.28. This represents a 0.83% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

First Financial Bankshares Stock Up 0.4%

NASDAQ FFIN opened at $30.31 on Thursday. First Financial Bankshares, Inc. has a fifty-two week low of $28.11 and a fifty-two week high of $36.52. The business has a fifty day moving average of $32.16 and a 200-day moving average of $32.51. The stock has a market cap of $4.34 billion, a price-to-earnings ratio of 14.93 and a beta of 0.82.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Piper Sandler decreased their price target on First Financial Bankshares from $35.00 to $33.00 and set a “neutral” rating for the company in a report on Monday, October 19th. Weiss Ratings downgraded First Financial Bankshares from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, September 25th. Raymond James Financial began coverage on First Financial Bankshares in a research report on Wednesday, October 14th. They issued a “market perform” rating for the company. Hovde Group started coverage on First Financial Bankshares in a report on Friday, September 11th. They issued a “market perform” rating and a $36.00 price target for the company. Finally, Cantor Fitzgerald dropped their price target on First Financial Bankshares from $35.00 to $34.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 14th. One analyst has rated the stock with a Strong Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, First Financial Bankshares presently has an average rating of “Hold” and a consensus price target of $35.20.

Institutional Investors Weigh In On First Financial Bankshares

A number of hedge funds have recently made changes to their positions in the business. Signaturefd LLC boosted its position in First Financial Bankshares by 11.2% during the 3rd quarter. Signaturefd LLC now owns 7,042 shares of the bank’s stock worth $224,000 after acquiring an additional 710 shares during the period. Evergreen Capital Management LLC grew its stake in shares of First Financial Bankshares by 29.1% in the third quarter. Evergreen Capital Management LLC now owns 20,739 shares of the bank’s stock worth $662,000 after purchasing an additional 4,680 shares in the last quarter. Sterling Capital Management LLC grew its stake in shares of First Financial Bankshares by 109.9% in the third quarter. Sterling Capital Management LLC now owns 3,485 shares of the bank’s stock worth $111,000 after purchasing an additional 1,825 shares in the last quarter. Inspire Investing LLC increased its holdings in shares of First Financial Bankshares by 1.9% during the third quarter. Inspire Investing LLC now owns 24,211 shares of the bank’s stock valued at $768,000 after purchasing an additional 441 shares during the period. Finally, Root Financial Partners LLC acquired a new position in shares of First Financial Bankshares during the third quarter valued at $34,000. Institutional investors own 69.78% of the company’s stock.

About First Financial Bankshares

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.