First Financial Bankshares (NASDAQ:FFIN) CFO Michelle Hickox Purchases 2,000 Shares

First Financial Bankshares, Inc. (NASDAQ:FFIN - Get Free Report) CFO Michelle Hickox purchased 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, October 28th. The shares were acquired at an average cost of $31.15 per share, with a total value of $62,300.00. Following the completion of the transaction, the chief financial officer owned 24,461 shares in the company, valued at $761,960.15. This trade represents a 8.90% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

First Financial Bankshares Trading Up 0.4%

NASDAQ:FFIN traded up $0.13 during mid-day trading on Wednesday, hitting $31.47. The company had a trading volume of 321,764 shares, compared to its average volume of 531,474. The business has a fifty day simple moving average of $34.55 and a 200-day simple moving average of $35.05. The firm has a market capitalization of $4.50 billion, a price-to-earnings ratio of 18.65 and a beta of 0.86. First Financial Bankshares, Inc. has a 1 year low of $30.50 and a 1 year high of $44.66.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last posted its earnings results on Thursday, October 23rd. The bank reported $0.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.47 by ($0.11). The company had revenue of $162.06 million during the quarter, compared to analyst estimates of $161.21 million. First Financial Bankshares had a net margin of 29.81% and a return on equity of 14.16%. First Financial Bankshares's quarterly revenue was up 15.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.37 EPS. As a group, research analysts anticipate that First Financial Bankshares, Inc. will post 1.78 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

View Our Latest Stock Report on FFIN

Institutional Investors Weigh In On First Financial Bankshares

Institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC grew its stake in First Financial Bankshares by 89.9% in the first quarter. GAMMA Investing LLC now owns 1,927 shares of the bank's stock worth $69,000 after purchasing an additional 912 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in First Financial Bankshares by 10.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 13,765 shares of the bank's stock worth $494,000 after buying an additional 1,255 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of First Financial Bankshares by 53.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 12,112 shares of the bank's stock worth $432,000 after acquiring an additional 4,197 shares in the last quarter. KBC Group NV grew its position in shares of First Financial Bankshares by 6.8% in the 1st quarter. KBC Group NV now owns 5,792 shares of the bank's stock worth $208,000 after acquiring an additional 370 shares in the last quarter. Finally, Avidian Wealth Enterprises LLC increased its holdings in shares of First Financial Bankshares by 125.5% in the 1st quarter. Avidian Wealth Enterprises LLC now owns 13,833 shares of the bank's stock valued at $497,000 after acquiring an additional 7,699 shares during the last quarter. Institutional investors and hedge funds 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.

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