First Financial Bankshares (NASDAQ:FFIN) CFO Michelle Hickox Acquires 2,000 Shares of Stock

First Financial Bankshares, Inc. (NASDAQ:FFIN) CFO Michelle Hickox acquired 2,000 shares of First Financial Bankshares stock in a transaction dated Tuesday, October 28th. The stock was purchased at an average price of $31.15 per share, for a total transaction of $62,300.00. Following the completion of the acquisition, the chief financial officer directly owned 24,461 shares in the company, valued at approximately $761,960.15. This represents a 8.90% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

First Financial Bankshares Price Performance

Shares of FFIN opened at $30.64 on Thursday. First Financial Bankshares, Inc. has a 1-year low of $30.50 and a 1-year high of $44.66. The stock has a market cap of $4.38 billion, a PE ratio of 18.13 and a beta of 0.86. The firm has a fifty day moving average price of $34.45 and a 200 day moving average price of $35.04.

First Financial Bankshares (NASDAQ:FFIN) last issued its quarterly earnings data on Thursday, October 23rd. The bank reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.11). The firm had revenue of $162.06 million for the quarter, compared to analysts’ expectations of $161.21 million. First Financial Bankshares had a return on equity of 14.16% and a net margin of 29.81%.The business’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.37 EPS. As a group, equities analysts expect that First Financial Bankshares, Inc. will post 1.78 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC grew its position in First Financial Bankshares by 1.8% during the 2nd quarter. Geode Capital Management LLC now owns 3,452,051 shares of the bank’s stock worth $124,218,000 after purchasing an additional 61,599 shares during the last quarter. Champlain Investment Partners LLC boosted its holdings in shares of First Financial Bankshares by 5.9% in the first quarter. Champlain Investment Partners LLC now owns 2,901,239 shares of the bank’s stock valued at $104,213,000 after acquiring an additional 161,991 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of First Financial Bankshares by 36.0% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,465,774 shares of the bank’s stock worth $88,571,000 after acquiring an additional 652,575 shares during the period. Norges Bank acquired a new position in shares of First Financial Bankshares during the second quarter worth about $57,680,000. Finally, Invesco Ltd. increased its stake in shares of First Financial Bankshares by 170.9% during the second quarter. Invesco Ltd. now owns 1,101,028 shares of the bank’s stock worth $39,615,000 after acquiring an additional 694,534 shares during the period. 69.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on FFIN shares. Hovde Group raised First Financial Bankshares from a “market perform” rating to an “outperform” rating and set a $39.00 price objective on the stock in a report on Monday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of First Financial Bankshares in a report on Tuesday, October 14th. Keefe, Bruyette & Woods dropped their price objective on First Financial Bankshares from $38.00 to $36.00 and set a “market perform” rating on the stock in a report on Friday, October 24th. Finally, Cantor Fitzgerald initiated coverage on shares of First Financial Bankshares in a research report on Wednesday, September 10th. They set a “neutral” rating and a $39.00 price objective on the stock. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $38.00.

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.