Robert Clark Nickles, Jr. Acquires 593 Shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) Stock

First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Robert Clark Nickles, Jr. purchased 593 shares of First Financial Bankshares stock in a transaction dated Wednesday, May 1st. The shares were purchased at an average price of $30.16 per share, for a total transaction of $17,884.88. Following the completion of the acquisition, the director now owns 93,563 shares of the company’s stock, valued at approximately $2,821,860.08. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

First Financial Bankshares Price Performance

Shares of FFIN stock opened at $30.59 on Friday. The business’s 50 day simple moving average is $30.88 and its 200 day simple moving average is $29.22. First Financial Bankshares, Inc. has a one year low of $22.84 and a one year high of $33.15. The stock has a market capitalization of $4.37 billion, a PE ratio of 21.85 and a beta of 0.83.

First Financial Bankshares (NASDAQ:FFIN) last announced its earnings results on Tuesday, April 23rd. The bank reported $0.37 EPS for the quarter, beating the consensus estimate of $0.35 by $0.02. First Financial Bankshares had a return on equity of 14.28% and a net margin of 30.03%. The business had revenue of $129.63 million for the quarter, compared to analysts’ expectations of $129.72 million. During the same period in the prior year, the business posted $0.39 earnings per share. The firm’s revenue was up 4.3% on a year-over-year basis. As a group, research analysts expect that First Financial Bankshares, Inc. will post 1.47 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on FFIN. Keefe, Bruyette & Woods boosted their price target on First Financial Bankshares from $30.00 to $31.00 and gave the stock a “market perform” rating in a report on Friday, January 26th. Stephens reduced their price target on First Financial Bankshares from $35.00 to $31.00 and set an “equal weight” rating on the stock in a report on Friday, April 19th. Finally, Truist Financial reduced their price target on First Financial Bankshares from $34.00 to $32.00 and set a “hold” rating on the stock in a report on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $31.33.

Hedge Funds Weigh In On First Financial Bankshares

A number of institutional investors and hedge funds have recently modified their holdings of the business. Blue Trust Inc. boosted its holdings in shares of First Financial Bankshares by 1.5% during the 4th quarter. Blue Trust Inc. now owns 24,927 shares of the bank’s stock worth $755,000 after buying an additional 379 shares in the last quarter. SYSTM Wealth Solutions LLC boosted its holdings in shares of First Financial Bankshares by 17.4% during the 1st quarter. SYSTM Wealth Solutions LLC now owns 2,681 shares of the bank’s stock worth $88,000 after buying an additional 398 shares in the last quarter. Hexagon Capital Partners LLC boosted its holdings in shares of First Financial Bankshares by 81.1% during the 1st quarter. Hexagon Capital Partners LLC now owns 927 shares of the bank’s stock worth $30,000 after buying an additional 415 shares in the last quarter. Retirement Systems of Alabama boosted its holdings in shares of First Financial Bankshares by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 161,287 shares of the bank’s stock worth $5,292,000 after buying an additional 426 shares in the last quarter. Finally, Ballentine Partners LLC boosted its holdings in shares of First Financial Bankshares by 4.5% during the 1st quarter. Ballentine Partners LLC now owns 12,130 shares of the bank’s stock worth $398,000 after buying an additional 521 shares in the last quarter. 69.78% of the stock is currently owned by institutional investors.

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.