First Financial Bankshares (NASDAQ:FFIN) Sets New 12-Month High at $39.53

Shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) reached a new 52-week high during trading on Monday . The company traded as high as $39.53 and last traded at $38.83, with a volume of 98437 shares trading hands. The stock had previously closed at $39.46.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on FFIN shares. Stephens raised their price objective on shares of First Financial Bankshares from $31.00 to $36.00 and gave the company an “equal weight” rating in a research report on Friday, July 19th. Truist Financial raised their target price on shares of First Financial Bankshares from $31.00 to $39.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th.

First Financial Bankshares Price Performance

The business’s 50 day moving average is $30.57 and its two-hundred day moving average is $30.72. The firm has a market capitalization of $5.45 billion, a PE ratio of 27.64 and a beta of 0.80.

First Financial Bankshares (NASDAQ:FFIN) last posted its quarterly earnings results on Thursday, July 18th. The bank reported $0.37 EPS for the quarter, topping the consensus estimate of $0.36 by $0.01. The firm had revenue of $184.94 million for the quarter, compared to the consensus estimate of $134.10 million. First Financial Bankshares had a net margin of 29.13% and a return on equity of 14.01%. Analysts expect that First Financial Bankshares, Inc. will post 1.51 EPS for the current fiscal year.

Insiders Place Their Bets

In other First Financial Bankshares news, Director Johnny Trotter purchased 1,000 shares of the firm’s stock in a transaction on Friday, June 14th. The shares were purchased at an average cost of $27.79 per share, with a total value of $27,790.00. Following the completion of the purchase, the director now owns 943,371 shares of the company’s stock, valued at approximately $26,216,280.09. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Johnny Trotter bought 1,000 shares of the business’s stock in a transaction dated Friday, June 14th. The shares were purchased at an average price of $27.79 per share, for a total transaction of $27,790.00. Following the completion of the acquisition, the director now owns 943,371 shares of the company’s stock, valued at $26,216,280.09. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Sally Pope Davis bought 1,800 shares of the business’s stock in a transaction dated Thursday, June 6th. The stock was purchased at an average price of $28.75 per share, for a total transaction of $51,750.00. Following the acquisition, the director now directly owns 1,800 shares of the company’s stock, valued at approximately $51,750. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 4,743 shares of company stock valued at $139,371. 4.22% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FFIN. Raymond James & Associates grew its holdings in shares of First Financial Bankshares by 9.9% in the fourth quarter. Raymond James & Associates now owns 57,563 shares of the bank’s stock worth $1,744,000 after purchasing an additional 5,199 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in First Financial Bankshares by 25.4% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 122,903 shares of the bank’s stock valued at $3,724,000 after acquiring an additional 24,902 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in First Financial Bankshares by 78.4% in the fourth quarter. Pacer Advisors Inc. now owns 19,299 shares of the bank’s stock valued at $585,000 after acquiring an additional 8,482 shares in the last quarter. Ballentine Partners LLC bought a new stake in First Financial Bankshares in the fourth quarter valued at $352,000. Finally, International Assets Investment Management LLC bought a new stake in First Financial Bankshares in the fourth quarter valued at $2,965,000. Institutional investors 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.