Director of First Financial Bankshares, Inc. Makes Stock Purchase

On Tuesday, August 6th, Robert Clark Nickles, Jr., a Director at First Financial Bankshares, Inc. (NASDAQ:FFIN), purchased 524 shares of the company's stock. The shares were bought at an average price of $35.22 each, totaling $18,455.28 for the transaction. Following this purchase, Nickles now possesses a total of 94,087 shares in the company, which are currently valued at approximately $3,313,744.14. This recent acquisition represents an increase of 0.56% in his ownership of the company's stock. The transaction was reported through a legal filing with the Securities and Exchange Commission (SEC), which can be accessed for further details.

Recent Trading Performance of First Financial Bankshares

As of Friday, the stock opened at $37.62. Over the past twelve months, First Financial Bankshares has shown a low of $27.62 and a high of $44.66. The fifty-day moving average price stands at $38.34, with the 200-day moving average at $37.46. The market capitalization of the company is approximately $5.38 billion, and it has a price-to-earnings (P/E) ratio of 24.12 along with a beta of 0.83, indicating relatively low volatility compared to the overall market.

First Financial Bankshares released its latest quarterly earnings data on Thursday, January 23rd. The bank reported earnings per share (EPS) of $0.43 for the quarter, surpassing analysts' expectations, which were set at $0.40 by $0.03. The company had a net margin of 29.69% and return on equity of 14.24%. Analysts predict that the bank will report an EPS of 1.72 for the current fiscal year.

Institutional Investor Activity

There have been recent changes among institutional investors and hedge funds regarding their stakes in First Financial Bankshares. The Huntington National Bank increased its position by 32.2% in the third quarter, acquiring an additional 577 shares to reach a total of 2,369 shares valued at $88,000. Additionally, R Squared Ltd initiated a new position in the firm, also valued at approximately $88,000 in the fourth quarter. Other investors include Quarry LP, Point72 DIFC Ltd, and Point72 Asset Management L.P., each purchasing new stakes in the company during the second quarter. Currently, institutional investors hold a significant portion of the company’s stock, amounting to 69.78%.

Analyst Perspectives on First Financial Bankshares

First Financial Bankshares has attracted attention in various research reports recently. Hovde Group raised its price target from $34.50 to $40.00, maintaining a “market perform” rating. Similarly, Stephens elevated their target from $37.00 to $40.00, also providing an “equal weight” rating. Furthermore, Keefe, Bruyette & Woods increased their price target from $40.00 to $41.00 while continuing to classify the stock with a “market perform” rating.

About First Financial Bankshares

First Financial Bankshares, Inc., through its subsidiaries, offers a range of commercial banking products and services in Texas. The company provides various banking services, including checking and savings accounts, automated teller machines, mobile banking, payroll cards, and wealth management services. They specialize in a variety of financial services such as estate administration and trust management.

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