First Financial Bankshares (NASDAQ:FFIN) Director Sally Pope Davis Acquires 1,700 Shares

First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Sally Pope Davis bought 1,700 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The stock was acquired at an average price of $30.73 per share, for a total transaction of $52,241.00. Following the transaction, the director owned 6,971 shares in the company, valued at $214,218.83. This trade represents a 32.25% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

First Financial Bankshares Stock Down 0.3%

Shares of First Financial Bankshares stock traded down $0.10 on Monday, hitting $30.80. The stock had a trading volume of 52,874 shares, compared to its average volume of 535,490. The stock has a market cap of $4.41 billion, a price-to-earnings ratio of 18.22 and a beta of 0.86. First Financial Bankshares, Inc. has a one year low of $30.19 and a one year high of $44.66. The stock’s 50-day simple moving average is $34.21 and its two-hundred day simple moving average is $35.04.

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

Analysts Set New Price Targets

FFIN has been the subject of a number of recent analyst reports. Cantor Fitzgerald began coverage on First Financial Bankshares in a research report on Wednesday, September 10th. They issued a “neutral” rating and a $39.00 target price for the company. Hovde Group raised shares of 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, October 27th. Keefe, Bruyette & Woods decreased their price target on shares of First Financial Bankshares from $38.00 to $36.00 and set a “market perform” rating on the stock in a research report on Friday, October 24th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of First Financial Bankshares in a research note on Tuesday, October 14th. 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 presently has an average rating of “Hold” and a consensus price target of $38.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank bought a new position in First Financial Bankshares during the second quarter valued at $57,680,000. Nuveen LLC bought a new position in shares of First Financial Bankshares in the first quarter worth about $34,662,000. Invesco Ltd. increased its position 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. Kayne Anderson Rudnick Investment Management LLC increased its holdings in First Financial Bankshares by 36.0% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,465,774 shares of the bank’s stock worth $88,571,000 after purchasing an additional 652,575 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in shares of First Financial Bankshares by 125.7% during the first quarter. Ameriprise Financial Inc. now owns 1,085,517 shares of the bank’s stock valued at $38,993,000 after buying an additional 604,648 shares during the period. 69.78% of the stock is owned by hedge funds and other institutional investors.

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.