Insider Buying: First Financial Bankshares (NASDAQ:FFIN) Director Acquires $24,424.00 in Stock

First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Murray Edwards bought 800 shares of the stock in a transaction on Friday, October 30th. The stock was acquired at an average cost of $30.53 per share, for a total transaction of $24,424.00. Following the acquisition, the director directly owned 45,434 shares in the company, valued at approximately $1,387,100.02. The trade was a 1.79% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

First Financial Bankshares Stock Up 0.0%

NASDAQ FFIN traded up $0.01 during trading on Tuesday, hitting $31.45. The company’s stock had a trading volume of 79,668 shares, compared to its average volume of 846,349. First Financial Bankshares, Inc. has a 52 week low of $28.11 and a 52 week high of $36.52. The firm has a market cap of $4.51 billion, a P/E ratio of 15.49 and a beta of 0.80. The firm has a 50 day moving average price of $31.97 and a 200 day moving average price of $32.50.

First Financial Bankshares (NASDAQ:FFIN) last posted its quarterly earnings data on Thursday, October 15th. The bank reported $0.52 earnings per share for the quarter, meeting the consensus estimate of $0.52. First Financial Bankshares had a return on equity of 14.91% and a net margin of 33.16%. The company had revenue of $174.14 million during the quarter, compared to analysts’ expectations of $178.63 million. During the same period in the prior year, the business earned $0.36 earnings per share. On average, equities analysts expect that First Financial Bankshares, Inc. will post 2.05 earnings per share for the current year.

Analysts Set New Price Targets

FFIN has been the subject of a number of research reports. Piper Sandler reduced their price target on shares of First Financial Bankshares from $35.00 to $33.00 and set a “neutral” rating for the company in a report on Monday, October 19th. Seaport Research Partners upgraded shares of First Financial Bankshares to a “buy” rating in a report on Wednesday, October 14th. Hovde Group started coverage on shares of First Financial Bankshares in a research note on Friday, September 11th. They issued a “market perform” rating and a $36.00 target price for the company. Raymond James Financial began coverage on First Financial Bankshares in a research note on Wednesday, October 14th. They set a “market perform” rating on the stock. Finally, Weiss Ratings cut First Financial Bankshares from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, September 25th. One equities research 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 company has an average rating of “Hold” and an average target price of $35.20.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Versant Capital Management Inc boosted its stake in First Financial Bankshares by 8.4% during the second quarter. Versant Capital Management Inc now owns 3,824 shares of the bank’s stock worth $132,000 after buying an additional 295 shares in the last quarter. Smart Money Group LLC raised its stake in shares of First Financial Bankshares by 0.4% in the 1st quarter. Smart Money Group LLC now owns 80,245 shares of the bank’s stock valued at $2,363,000 after buying an additional 354 shares in the last quarter. Rockefeller Capital Management L.P. raised its stake in shares of First Financial Bankshares by 2.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 13,147 shares of the bank’s stock valued at $393,000 after buying an additional 356 shares in the last quarter. Inspire Investing LLC raised its stake in shares of First Financial Bankshares by 1.9% in the 3rd quarter. Inspire Investing LLC now owns 24,211 shares of the bank’s stock valued at $768,000 after buying an additional 441 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of First Financial Bankshares by 33.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,232 shares of the bank’s stock worth $71,000 after acquiring an additional 556 shares during the period. 69.78% of the stock is owned by institutional investors.

First Financial Bankshares Company Profile

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.