First Financial Bankshares, Inc. (NASDAQ:FFIN – Get Free Report) Director Murray Edwards purchased 800 shares of the company’s stock in a transaction on Friday, October 30th. The stock was acquired at an average price of $30.53 per share, for a total transaction of $24,424.00. Following the completion of the transaction, the director owned 45,434 shares of the company’s stock, valued at $1,387,100.02. This represents a 1.79% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
First Financial Bankshares Stock Up 0.0%
Shares of First Financial Bankshares stock traded up $0.01 during midday trading on Tuesday, hitting $31.45. The company’s stock had a trading volume of 79,668 shares, compared to its average volume of 846,349. The stock has a 50-day simple moving average of $31.97 and a 200-day simple moving average of $32.50. First Financial Bankshares, Inc. has a 1-year low of $28.11 and a 1-year high of $36.52. The firm has a market capitalization of $4.51 billion, a P/E ratio of 15.49 and a beta of 0.80.
First Financial Bankshares (NASDAQ:FFIN – Get Free Report) last issued its earnings results on Thursday, October 15th. The bank reported $0.52 EPS for the quarter, meeting analysts’ consensus estimates of $0.52. First Financial Bankshares had a return on equity of 14.91% and a net margin of 33.16%. The firm had revenue of $174.14 million for the quarter, compared to the consensus estimate of $178.63 million. During the same quarter in the previous year, the company posted $0.36 earnings per share. As a group, sell-side analysts predict that First Financial Bankshares, Inc. will post 2.05 earnings per share for the current year.
Analyst Ratings Changes
FFIN has been the subject of several recent research reports. Raymond James Financial assumed coverage on First Financial Bankshares in a research note on Wednesday, October 14th. They issued a “market perform” rating for the company. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $34.00 price objective (down from $35.00) on shares of First Financial Bankshares in a research report on Friday, October 16th. Weiss Ratings cut shares of First Financial Bankshares from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, September 25th. Piper Sandler reduced their target price on shares of First Financial Bankshares from $35.00 to $33.00 and set a “neutral” rating for the company in a research note on Monday, October 19th. Finally, Seaport Research Partners raised shares of First Financial Bankshares to a “buy” rating in a research report on Wednesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $35.20.
Check Out Our Latest Stock Report on First Financial Bankshares
Institutional Trading of First Financial Bankshares
A number of institutional investors and hedge funds have recently made changes to their positions in FFIN. Bridge City Capital LLC lifted its position in First Financial Bankshares by 21.4% during the 3rd quarter. Bridge City Capital LLC now owns 117,133 shares of the bank’s stock worth $3,718,000 after acquiring an additional 20,630 shares during the last quarter. Signaturefd LLC boosted its holdings in First Financial Bankshares by 11.2% during the third quarter. Signaturefd LLC now owns 7,042 shares of the bank’s stock valued at $224,000 after acquiring an additional 710 shares during the period. Evergreen Capital Management LLC grew its position 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 valued at $662,000 after purchasing an additional 4,680 shares during the last quarter. Sterling Capital Management LLC grew its position 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 valued at $111,000 after purchasing an additional 1,825 shares during the last quarter. Finally, Inspire Investing LLC grew its position in shares of First Financial Bankshares by 1.9% in 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 last quarter. Institutional investors and hedge funds own 69.78% of the company’s stock.
First Financial Bankshares Company Profile
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.
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