First Financial Bankshares, Inc. (NASDAQ:FFIN – Get Free Report) CFO Michelle S. Hickox purchased 600 shares of the stock in a transaction dated Thursday, November 16th. The stock was acquired at an average cost of $26.25 per share, for a total transaction of $15,750.00. Following the completion of the transaction, the chief financial officer now owns 17,363 shares of the company’s stock, valued at approximately $455,778.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
First Financial Bankshares Price Performance
Shares of FFIN stock opened at $27.26 on Tuesday. The stock has a market cap of $3.89 billion, a P/E ratio of 18.30 and a beta of 0.81. The stock has a fifty day moving average price of $25.13 and a 200 day moving average price of $27.61. First Financial Bankshares, Inc. has a one year low of $22.84 and a one year high of $38.24.
First Financial Bankshares (NASDAQ:FFIN – Get Free Report) last issued its earnings results on Thursday, October 19th. The bank reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.02). The business had revenue of $125.04 million for the quarter, compared to analyst estimates of $128.70 million. First Financial Bankshares had a net margin of 34.05% and a return on equity of 16.14%. Equities research analysts anticipate that First Financial Bankshares, Inc. will post 1.4 EPS for the current year.
First Financial Bankshares Announces Dividend
Analyst Upgrades and Downgrades
A number of analysts have issued reports on the company. StockNews.com began coverage on First Financial Bankshares in a report on Thursday, October 5th. They issued a “sell” rating on the stock. Stephens cut their target price on shares of First Financial Bankshares from $28.00 to $26.00 and set an “equal weight” rating for the company in a research note on Friday, October 20th. Finally, Truist Financial decreased their price target on shares of First Financial Bankshares from $33.00 to $27.00 and set a “hold” rating on the stock in a research report on Wednesday, September 27th.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Carlton Hofferkamp & Jenks Wealth Management LLC acquired a new stake in shares of First Financial Bankshares during the 2nd quarter worth about $203,000. Illinois Municipal Retirement Fund bought a new stake in First Financial Bankshares during the first quarter worth about $560,000. Massmutual Trust Co. FSB ADV increased its holdings in shares of First Financial Bankshares by 356.3% during the third quarter. Massmutual Trust Co. FSB ADV now owns 1,241 shares of the bank’s stock worth $31,000 after buying an additional 969 shares in the last quarter. Barclays PLC raised its stake in shares of First Financial Bankshares by 81.6% in the second quarter. Barclays PLC now owns 219,711 shares of the bank’s stock valued at $6,260,000 after acquiring an additional 98,704 shares during the last quarter. Finally, Inspire Investing LLC raised its stake in shares of First Financial Bankshares by 24.9% in the second quarter. Inspire Investing LLC now owns 12,387 shares of the bank’s stock valued at $353,000 after acquiring an additional 2,466 shares during the last quarter. 54.14% of the stock is owned by institutional investors.
First Financial Bankshares Company Profile
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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