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

First Financial Bankshares, Inc. (NASDAQ:FFIN – Get Free Report) Director Robert Nickles, Jr. bought 820 shares of First Financial Bankshares stock in a transaction on Friday, October 23rd. The stock was acquired at an average price of $30.12 per share, for a total transaction of $24,698.40. Following the purchase, the director owned 99,144 shares of the company’s stock, valued at approximately $2,986,217.28. This trade represents a 0.83% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

First Financial Bankshares Trading Up 0.7%

NASDAQ:FFIN opened at $30.20 on Wednesday. First Financial Bankshares, Inc. has a twelve month low of $28.11 and a twelve month high of $36.52. The stock has a fifty day simple moving average of $32.25 and a 200-day simple moving average of $32.52.

First Financial Bankshares (NASDAQ:FFIN – Get Free Report) last posted its quarterly earnings results on Thursday, October 15th. The bank reported $0.52 EPS for the quarter, hitting analysts’ consensus estimates of $0.52. The company had revenue of $174.14 million during 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. Research analysts forecast that First Financial Bankshares, Inc. will post 2.05 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

FFIN has been the topic of a number of research reports. Raymond James Financial assumed coverage on shares of First Financial Bankshares in a research report on Wednesday, October 14th. They set a “market perform” rating on the stock. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $34.00 price target (down from $35.00) on shares of First Financial Bankshares in a report on Friday, October 16th. Hovde Group initiated coverage on First Financial Bankshares in a research note on Friday, September 11th. They issued a “market perform” rating and a $36.00 price objective on the stock. Seaport Research Partners upgraded First Financial Bankshares to a “buy” rating in a report on Wednesday, October 14th. Finally, Weiss Ratings lowered First Financial Bankshares from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, September 25th. One investment 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, the stock presently has a consensus rating of “Hold” and a consensus target price of $35.20.

View Our Latest Analysis on FFIN

Institutional Investors Weigh In On First Financial Bankshares

Several large investors have recently modified their holdings of the business. Versant Capital Management Inc boosted its stake in shares of First Financial Bankshares by 8.4% during the second quarter. Versant Capital Management Inc now owns 3,824 shares of the bank’s stock valued at $132,000 after purchasing an additional 295 shares in the last quarter. Smart Money Group LLC raised its stake in First Financial Bankshares by 0.4% in the first quarter. Smart Money Group LLC now owns 80,245 shares of the bank’s stock worth $2,363,000 after buying an additional 354 shares in the last quarter. Rockefeller Capital Management L.P. raised its stake in First Financial Bankshares by 2.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 13,147 shares of the bank’s stock worth $393,000 after buying an additional 356 shares in the last quarter. Inspire Investing LLC raised its stake in First Financial Bankshares by 1.9% in the third quarter. Inspire Investing LLC now owns 24,211 shares of the bank’s stock worth $768,000 after buying an additional 441 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in First Financial Bankshares by 33.2% during the third quarter. Nisa Investment Advisors LLC now owns 2,232 shares of the bank’s stock worth $71,000 after buying an additional 556 shares during the period. Institutional investors own 69.78% of the company’s stock.

About First Financial Bankshares

(Get Free Report)

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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Insider Buying and Selling by Quarter for First Financial Bankshares (NASDAQ:FFIN)

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