Robert Clark Nickles, Jr. Acquires 524 Shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) Stock

First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Robert Clark Nickles, Jr. acquired 524 shares of First Financial Bankshares stock in a transaction that occurred on Tuesday, August 6th. The stock was purchased at an average cost of $35.22 per share, for a total transaction of $18,455.28. Following the completion of the transaction, the director now directly owns 94,087 shares in the company, valued at $3,313,744.14. This trade represents a 0.56 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

First Financial Bankshares Stock Performance

Shares of NASDAQ FFIN opened at $37.26 on Friday. First Financial Bankshares, Inc. has a 52-week low of $27.62 and a 52-week high of $44.66. The firm has a market capitalization of $5.32 billion, a price-to-earnings ratio of 23.88 and a beta of 0.83. The stock has a 50 day moving average price of $38.26 and a 200 day moving average price of $37.46.

First Financial Bankshares (NASDAQ:FFIN) last posted its quarterly earnings results on Thursday, January 23rd. The bank reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. First Financial Bankshares had a return on equity of 14.24% and a net margin of 29.69%. Analysts forecast that First Financial Bankshares, Inc. will post 1.72 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently weighed in on FFIN. Hovde Group increased their price target on First Financial Bankshares from $34.50 to $40.00 and gave the stock a “market perform” rating in a report on Monday, October 21st. Keefe, Bruyette & Woods lifted their target price on First Financial Bankshares from $40.00 to $41.00 and gave the stock a “market perform” rating in a research report on Monday, January 27th. Finally, Stephens upped their price target on shares of First Financial Bankshares from $37.00 to $40.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Lindenwold Advisors INC lifted its position in shares of First Financial Bankshares by 2.8% in the 3rd quarter. Lindenwold Advisors INC now owns 9,091 shares of the bank’s stock worth $336,000 after purchasing an additional 250 shares during the period. Kingsview Wealth Management LLC raised its stake in First Financial Bankshares by 1.2% in the fourth quarter. Kingsview Wealth Management LLC now owns 26,649 shares of the bank’s stock worth $961,000 after buying an additional 312 shares in the last quarter. Ballentine Partners LLC boosted its position in First Financial Bankshares by 2.8% during the 3rd quarter. Ballentine Partners LLC now owns 12,190 shares of the bank’s stock valued at $451,000 after acquiring an additional 333 shares in the last quarter. Pacer Advisors Inc. increased its holdings in shares of First Financial Bankshares by 2.3% in the 4th quarter. Pacer Advisors Inc. now owns 19,170 shares of the bank’s stock valued at $691,000 after acquiring an additional 432 shares during the period. Finally, Huntington National Bank raised its position in shares of First Financial Bankshares by 32.2% in the 3rd quarter. Huntington National Bank now owns 2,369 shares of the bank’s stock worth $88,000 after acquiring an additional 577 shares in the last quarter. Hedge funds and other 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.