First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Robert Clark Nickles, Jr. Purchases 492 Shares

First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Robert Clark Nickles, Jr. bought 492 shares of the business’s stock in a transaction that occurred on Wednesday, January 29th. The stock was purchased at an average price of $37.85 per share, with a total value of $18,622.20. Following the completion of the purchase, the director now directly owns 94,579 shares of the company’s stock, valued at $3,579,815.15. This represents a 0.52 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

First Financial Bankshares Stock Performance

FFIN opened at $37.62 on Friday. The firm has a market cap of $5.38 billion, a price-to-earnings ratio of 24.12 and a beta of 0.83. The firm’s 50-day simple moving average is $38.34 and its 200-day simple moving average is $37.46. First Financial Bankshares, Inc. has a twelve month low of $27.62 and a twelve month high of $44.66.

First Financial Bankshares (NASDAQ:FFIN) last issued its quarterly earnings data on Thursday, January 23rd. The bank reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.03. First Financial Bankshares had a net margin of 29.69% and a return on equity of 14.24%. As a group, sell-side analysts anticipate that First Financial Bankshares, Inc. will post 1.72 EPS for the current fiscal year.

Institutional Investors Weigh In On First Financial Bankshares

Hedge funds and other institutional investors have recently bought and sold shares of the business. Intech Investment Management LLC acquired a new position in First Financial Bankshares in the third quarter worth $673,000. State Street Corp lifted its position in First Financial Bankshares by 4.7% during the 3rd quarter. State Street Corp now owns 6,222,092 shares of the bank’s stock worth $231,381,000 after buying an additional 281,166 shares in the last quarter. Citigroup Inc. grew its holdings in First Financial Bankshares by 27.0% during the 3rd quarter. Citigroup Inc. now owns 250,553 shares of the bank’s stock worth $9,273,000 after acquiring an additional 53,195 shares during the last quarter. Mutual of America Capital Management LLC increased its position in First Financial Bankshares by 43.2% in the 3rd quarter. Mutual of America Capital Management LLC now owns 393,902 shares of the bank’s stock valued at $14,578,000 after acquiring an additional 118,830 shares in the last quarter. Finally, Natixis Advisors LLC raised its stake in shares of First Financial Bankshares by 37.5% in the third quarter. Natixis Advisors LLC now owns 613,381 shares of the bank’s stock worth $22,701,000 after acquiring an additional 167,433 shares during the last quarter. 69.78% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

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.