Insider Buying: First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Acquires $18,622.20 in Stock

First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Robert Clark Nickles, Jr. acquired 492 shares of the company’s stock in a transaction that occurred on Wednesday, January 29th. The stock was purchased at an average cost of $37.85 per share, for a total transaction of $18,622.20. Following the acquisition, the director now owns 94,579 shares in the company, valued at approximately $3,579,815.15. This trade represents a 0.52 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link.

First Financial Bankshares Trading Down 1.0 %

First Financial Bankshares stock 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 stock has a market cap of $5.32 billion, a price-to-earnings ratio of 23.88 and a beta of 0.83. The company’s 50-day moving average price is $38.15 and its two-hundred day moving average price is $37.49.

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

Hedge Funds Weigh In On First Financial Bankshares

Hedge funds have recently modified their holdings of the company. Huntington National Bank boosted its stake in First Financial Bankshares by 32.2% during the third quarter. Huntington National Bank now owns 2,369 shares of the bank’s stock valued at $88,000 after buying an additional 577 shares in the last quarter. R Squared Ltd acquired a new stake in First Financial Bankshares in the 4th quarter valued at about $88,000. Quarry LP bought a new position in shares of First Financial Bankshares during the 2nd quarter valued at about $83,000. Point72 DIFC Ltd acquired a new position in shares of First Financial Bankshares in the 2nd quarter worth approximately $97,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of First Financial Bankshares in the 2nd quarter worth approximately $118,000. 69.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FFIN has been the subject of several recent analyst reports. Hovde Group upped their target price on shares of First Financial Bankshares from $34.50 to $40.00 and gave the stock a “market perform” rating in a research report on Monday, October 21st. Stephens increased their price objective on First Financial Bankshares from $37.00 to $40.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. Finally, Keefe, Bruyette & Woods raised their target price on First Financial Bankshares from $40.00 to $41.00 and gave the company a “market perform” rating in a research report on Monday, January 27th.

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.