Key Points
- Director Robert Clark Nickles, Jr. purchased 820 shares of First Financial Bankshares at an average price of $30.12, investing approximately $24,698 and increasing his stake by 0.83% to 99,144 shares.
- First Financial reported quarterly EPS of $0.52, matching analyst expectations, while revenue of $174.14 million fell short of the $178.63 million consensus estimate.
- Institutional investors own 69.78% of the company. Analysts maintain a consensus “Hold” rating, with an average price target of $35.20.
First Financial Bankshares, Inc. (NASDAQ:FFIN - Get Free Report) Director Robert Clark Nickles, Jr. purchased 820 shares of First Financial Bankshares stock in a transaction dated Friday, October 23rd. The stock was bought at an average cost of $30.12 per share, with a total value of $24,698.40. Following the completion of the transaction, the director owned 99,144 shares in the company, valued at approximately $2,986,217.28. This represents a 0.83% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website.
First Financial Bankshares Stock Performance
Shares of NASDAQ FFIN opened at $30.20 on Wednesday. First Financial Bankshares, Inc. has a 1-year low of $28.11 and a 1-year high of $36.52. The business has a fifty day moving average price of $32.25 and a 200 day moving average price of $32.52.
First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last posted its earnings results on Thursday, October 15th. The bank reported $0.52 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.52. The company had revenue of $174.14 million during the quarter, compared to analysts' expectations of $178.63 million. During the same quarter last year, the firm earned $0.36 EPS. On average, research analysts predict that First Financial Bankshares, Inc. will post 2.05 EPS for the current year.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the business. Excelsior Advisor Network LLC purchased a new stake in First Financial Bankshares in the first quarter valued at about $6,903,000. Dimensional Fund Advisors LP boosted its holdings in First Financial Bankshares by 1.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,760,965 shares of the bank's stock worth $81,309,000 after acquiring an additional 45,052 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in First Financial Bankshares in the second quarter worth about $1,466,000. Sei Investments Co. grew its stake in shares of First Financial Bankshares by 60.0% during the first quarter. Sei Investments Co. now owns 112,380 shares of the bank's stock worth $3,309,000 after acquiring an additional 42,138 shares during the last quarter. Finally, Core Capital Management & Research inc. purchased a new stake in shares of First Financial Bankshares during the second quarter worth about $1,381,000. 69.78% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on FFIN. Raymond James Financial began coverage on shares of First Financial Bankshares in a report on Wednesday, October 14th. They issued a "market perform" rating on the stock. Seaport Research Partners upgraded shares of First Financial Bankshares to a "buy" rating in a research note on Wednesday, October 14th. Weiss Ratings cut shares of First Financial Bankshares from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, September 25th. Cantor Fitzgerald lowered their target price on shares of First Financial Bankshares from $35.00 to $34.00 and set a "neutral" rating for the company in a research note on Wednesday, October 14th. Finally, Hovde Group initiated coverage on shares of First Financial Bankshares in a research note on Friday, September 11th. They issued a "market perform" rating and a $36.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating and six have given a Hold rating to the company. According to MarketBeat, First Financial Bankshares presently has a consensus rating of "Hold" and an average target price of $35.20.
Get Our Latest Stock Analysis on First Financial Bankshares
About First Financial Bankshares
(
Get Free Report)
First Financial Bankshares, Inc is a Texas-based financial holding company headquartered in Abilene, Texas. Through its principal subsidiary, First Financial Bank, the company provides banking and financial services to individuals, businesses, agricultural customers and public-sector organizations. The bank traces its roots to 1890 and has grown through expansion and acquisitions into a regional banking organization serving communities across Texas.
First Financial Bank offers a range of deposit products, including checking, savings, money market and certificate of deposit accounts.
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