Robert Clark Nickles, Jr. Buys 629 Shares of First Financial Bankshares (NASDAQ:FFIN) Stock

First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Robert Clark Nickles, Jr. acquired 629 shares of the firm’s stock in a transaction on Monday, February 2nd. The shares were bought at an average price of $32.54 per share, for a total transaction of $20,467.66. Following the completion of the transaction, the director owned 96,960 shares of the company’s stock, valued at approximately $3,155,078.40. This trade represents a 0.65% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

First Financial Bankshares Price Performance

Shares of First Financial Bankshares stock traded up $0.23 on Tuesday, reaching $32.64. The company had a trading volume of 363,729 shares, compared to its average volume of 851,019. The firm has a market cap of $4.67 billion, a price-to-earnings ratio of 18.43 and a beta of 0.86. The firm’s 50-day moving average price is $31.50 and its two-hundred day moving average price is $33.14. First Financial Bankshares, Inc. has a 1 year low of $29.43 and a 1 year high of $38.74.

First Financial Bankshares (NASDAQ:FFIN) last released its quarterly earnings results on Friday, January 23rd. The bank reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.03. The company had revenue of $164.72 million for the quarter, compared to analyst estimates of $165.70 million. First Financial Bankshares had a return on equity of 14.16% and a net margin of 30.43%.First Financial Bankshares’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.43 EPS. As a group, analysts anticipate that First Financial Bankshares, Inc. will post 1.78 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on FFIN shares. Hovde Group raised shares of First Financial Bankshares from a “market perform” rating to an “outperform” rating and set a $39.00 price objective on the stock in a research report on Monday, October 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of First Financial Bankshares in a research note on Friday, January 9th. Finally, Keefe, Bruyette & Woods decreased their target price on First Financial Bankshares from $38.00 to $36.00 and set a “market perform” rating for the company in a research report on Friday, October 24th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $38.00.

Hedge Funds Weigh In On First Financial Bankshares

Several institutional investors have recently made changes to their positions in FFIN. Geode Capital Management LLC grew its stake in First Financial Bankshares by 1.8% during the 2nd quarter. Geode Capital Management LLC now owns 3,452,051 shares of the bank’s stock worth $124,218,000 after buying an additional 61,599 shares during the last quarter. Norges Bank purchased a new stake in shares of First Financial Bankshares during the second quarter worth about $57,680,000. Bank of America Corp DE increased its holdings in shares of First Financial Bankshares by 31.8% during the third quarter. Bank of America Corp DE now owns 1,290,749 shares of the bank’s stock valued at $43,434,000 after acquiring an additional 311,628 shares in the last quarter. Invesco Ltd. raised its position in shares of First Financial Bankshares by 3.9% in the 3rd quarter. Invesco Ltd. now owns 1,144,070 shares of the bank’s stock valued at $38,498,000 after purchasing an additional 43,042 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of First Financial Bankshares by 1.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,070,755 shares of the bank’s stock valued at $38,526,000 after purchasing an additional 11,188 shares during the last quarter. Hedge funds and other institutional investors own 69.78% of the company’s stock.

About First Financial Bankshares

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.