Robert Clark Nickles, Jr. Acquires 524 Shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) Stock

First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Robert Clark Nickles, Jr. purchased 524 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was acquired at an average cost of $35.22 per share, for a total transaction of $18,455.28. Following the completion of the transaction, the director now owns 94,087 shares in the company, valued at approximately $3,313,744.14. This trade represents a 0.56 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.

First Financial Bankshares Trading Up 0.7 %

NASDAQ FFIN traded up $0.25 on Thursday, hitting $37.62. 419,615 shares of the company were exchanged, compared to its average volume of 506,724. First Financial Bankshares, Inc. has a 1-year low of $27.62 and a 1-year high of $44.66. The firm has a 50 day moving average of $38.34 and a two-hundred day moving average of $37.46. The company has a market cap of $5.38 billion, a P/E ratio of 25.94 and a beta of 0.83.

First Financial Bankshares (NASDAQ:FFIN) last released its earnings results on Thursday, January 23rd. The bank reported $0.43 EPS for the quarter, beating the consensus estimate of $0.40 by $0.03. First Financial Bankshares had a return on equity of 13.43% and a net margin of 28.76%. Research analysts anticipate that First Financial Bankshares, Inc. will post 1.52 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC bought a new position in shares of First Financial Bankshares in the second quarter valued at $1,825,000. Bank of Montreal Can grew its position in shares of First Financial Bankshares by 11.8% in the 2nd quarter. Bank of Montreal Can now owns 17,924 shares of the bank’s stock valued at $530,000 after acquiring an additional 1,892 shares during the period. Marshall Wace LLP increased its stake in shares of First Financial Bankshares by 19.7% during the 2nd quarter. Marshall Wace LLP now owns 127,782 shares of the bank’s stock worth $3,773,000 after purchasing an additional 21,020 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of First Financial Bankshares by 15.8% in the 2nd quarter. AQR Capital Management LLC now owns 17,468 shares of the bank’s stock valued at $511,000 after purchasing an additional 2,379 shares during the period. Finally, Millennium Management LLC lifted its stake in First Financial Bankshares by 1.0% in the 2nd quarter. Millennium Management LLC now owns 176,774 shares of the bank’s stock valued at $5,220,000 after purchasing an additional 1,826 shares during the last quarter. Institutional investors own 69.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on FFIN shares. Hovde Group boosted their price target on shares of First Financial Bankshares from $34.50 to $40.00 and gave the company a “market perform” rating in a report on Monday, October 21st. Stephens raised their price target on shares of First Financial Bankshares from $37.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. Finally, Keefe, Bruyette & Woods increased their target price on First Financial Bankshares from $40.00 to $41.00 and gave the stock a “market perform” rating in a report on Monday.

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.