Key Points
- Director Robert Clark Nickles, Jr. purchased 700 shares of First Financial Bankshares at an average price of $34.89, investing $24,423 and increasing his stake to 98,324 shares.
- FFIN shares opened at $35.21, up 2.2%, with a $5.04 billion market capitalization. The bank’s latest quarterly results matched expectations at $0.50 EPS, while revenue came in at $172.76 million.
- Analyst sentiment is broadly positive, with a consensus “Moderate Buy” rating and an average price target of $36.75; institutional investors own 69.78% of the company.
First Financial Bankshares, Inc. (NASDAQ:FFIN - Get Free Report) Director Robert Clark Nickles, Jr. bought 700 shares of First Financial Bankshares stock in a transaction dated Friday, July 24th. The shares were acquired at an average price of $34.89 per share, with a total value of $24,423.00. Following the completion of the purchase, the director owned 98,324 shares in the company, valued at approximately $3,430,524.36. The trade was a 0.72% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
First Financial Bankshares Trading Up 2.2%
FFIN stock opened at $35.21 on Wednesday. The firm has a 50 day simple moving average of $33.77 and a 200-day simple moving average of $32.37. The company has a market capitalization of $5.04 billion, a P/E ratio of 18.83 and a beta of 0.81. First Financial Bankshares, Inc. has a twelve month low of $28.11 and a twelve month high of $38.12.
First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last posted its quarterly earnings results on Thursday, July 16th. The bank reported $0.50 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.50. First Financial Bankshares had a net margin of 31.03% and a return on equity of 14.00%. The firm had revenue of $172.76 million for the quarter, compared to analysts' expectations of $173.03 million. During the same period in the prior year, the company posted $0.47 earnings per share. On average, research analysts predict that First Financial Bankshares, Inc. will post 2.04 EPS for the current year.
Institutional Trading of First Financial Bankshares
Several institutional investors have recently added to or reduced their stakes in FFIN. Waterloo Capital L.P. raised its holdings in shares of First Financial Bankshares by 978.4% during the fourth quarter. Waterloo Capital L.P. now owns 68,899 shares of the bank's stock worth $2,058,000 after purchasing an additional 62,510 shares during the period. Jefferies Financial Group Inc. boosted its holdings in shares of First Financial Bankshares by 283.7% in the 4th quarter. Jefferies Financial Group Inc. now owns 112,781 shares of the bank's stock valued at $3,369,000 after buying an additional 83,385 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of First Financial Bankshares by 3,042,660.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 21,512,315 shares of the bank's stock valued at $642,573,000 after buying an additional 21,511,608 shares during the period. Phocas Financial Corp. bought a new stake in shares of First Financial Bankshares during the 4th quarter valued at about $3,515,000. Finally, Tudor Investment Corp ET AL acquired a new stake in First Financial Bankshares during the third quarter worth about $3,024,000. Institutional investors own 69.78% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on FFIN shares. Benchmark assumed coverage on shares of First Financial Bankshares in a research report on Wednesday, June 24th. They set a "buy" rating and a $39.00 price target on the stock. Weiss Ratings raised First Financial Bankshares from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday, July 20th. Cantor Fitzgerald restated a "neutral" rating and set a $35.00 price objective (up from $34.00) on shares of First Financial Bankshares in a research note on Wednesday, July 15th. Finally, Keefe, Bruyette & Woods reduced their target price on First Financial Bankshares from $36.00 to $34.00 and set a "market perform" rating on the stock in a report on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $36.75.
Check Out Our Latest Stock Analysis on First Financial Bankshares
About First Financial Bankshares
(
Get Free Report)
First Financial Bankshares, Inc is a regional bank holding company headquartered in Cincinnati, Ohio. Through its primary subsidiary, First Financial Bank, the company offers a full suite of banking products and services to individual, small business and commercial clients. With roots dating back to 1863, First Financial has cultivated a strong community banking heritage, combining personalized service with modern financial solutions.
The company's core business activities include commercial and consumer lending, deposit products, treasury management, mortgage origination and servicing, and wealth management.
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