Robert Clark Nickles, Jr. Purchases 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 business’s stock in a transaction on Tuesday, August 6th. The stock was purchased at an average cost of $35.22 per share, for a total transaction of $18,455.28. Following the completion of the acquisition, the director now directly owns 94,087 shares of the company’s stock, valued at approximately $3,313,744.14. The trade was a 0.56 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

First Financial Bankshares Trading Down 1.0 %

Shares of NASDAQ:FFIN opened at $37.26 on Friday. The company has a market cap of $5.32 billion, a PE ratio of 23.88 and a beta of 0.83. First Financial Bankshares, Inc. has a twelve month low of $27.62 and a twelve month high of $44.66. The company’s 50 day moving average is $38.26 and its 200 day moving average is $37.46.

First Financial Bankshares (NASDAQ:FFIN) last posted its earnings results on Thursday, January 23rd. The bank reported $0.43 EPS for the quarter, topping the consensus estimate of $0.40 by $0.03. First Financial Bankshares had a return on equity of 14.24% and a net margin of 29.69%. Equities research analysts predict that First Financial Bankshares, Inc. will post 1.72 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently issued reports on FFIN shares. Hovde Group upped their target price on First Financial Bankshares from $34.50 to $40.00 and gave the company a “market perform” rating in a research report on Monday, October 21st. Stephens increased their price objective on shares of First Financial Bankshares from $37.00 to $40.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of First Financial Bankshares from $40.00 to $41.00 and gave the stock a “market perform” rating in a research report on Monday, January 27th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FFIN. Huntington National Bank boosted its position in First Financial Bankshares by 32.2% during the third quarter. Huntington National Bank now owns 2,369 shares of the bank’s stock worth $88,000 after purchasing an additional 577 shares in the last quarter. R Squared Ltd acquired a new position in shares of First Financial Bankshares during the 4th quarter worth approximately $88,000. Quarry LP purchased a new position in shares of First Financial Bankshares during the 2nd quarter valued at approximately $83,000. Point72 DIFC Ltd acquired a new stake in First Financial Bankshares in the 2nd quarter valued at $97,000. Finally, Point72 Asset Management L.P. purchased a new stake in First Financial Bankshares in the 2nd quarter worth $118,000. Hedge funds and other institutional investors own 69.78% of the company’s stock.

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.