First Financial Bankshares (NASDAQ:FFIN) Price Target Cut to $36.00 by Analysts at Keefe, Bruyette & Woods

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) had its price objective cut by investment analysts at Keefe, Bruyette & Woods from $38.00 to $36.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a "market perform" rating on the bank's stock. Keefe, Bruyette & Woods' target price indicates a potential upside of 7.88% from the company's previous close.

Separately, Hovde Group dropped their price target on First Financial Bankshares from $40.00 to $38.00 and set a "market perform" rating on the stock in a research report on Monday, April 21st.

First Financial Bankshares Price Performance

Shares of NASDAQ:FFIN traded down $0.41 on Monday, reaching $33.37. 350,373 shares of the company traded hands, compared to its average volume of 543,820. The stock has a market capitalization of $4.77 billion, a PE ratio of 21.39 and a beta of 0.82. The company's 50 day moving average is $34.89 and its 200-day moving average is $37.14. First Financial Bankshares has a fifty-two week low of $27.62 and a fifty-two week high of $44.66.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last announced its earnings results on Thursday, April 17th. The bank reported $0.43 EPS for the quarter, meeting the consensus estimate of $0.43. First Financial Bankshares had a return on equity of 14.24% and a net margin of 29.69%. The business had revenue of $149.02 million during the quarter, compared to the consensus estimate of $149.48 million. As a group, analysts expect that First Financial Bankshares will post 1.78 EPS for the current year.

Insider Transactions at First Financial Bankshares

In other news, Director Johnny Trotter acquired 6,000 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The shares were purchased at an average price of $35.12 per share, for a total transaction of $210,720.00. Following the completion of the acquisition, the director now owns 949,371 shares of the company's stock, valued at approximately $33,341,909.52. This represents a 0.64 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders bought 7,041 shares of company stock valued at $247,992 in the last three months. Corporate insiders own 4.22% of the company's stock.

Institutional Trading of First Financial Bankshares

A number of institutional investors have recently added to or reduced their stakes in the business. Investment Research & Advisory Group Inc. bought a new position in shares of First Financial Bankshares during the 1st quarter valued at $26,000. Fifth Third Bancorp boosted its stake in shares of First Financial Bankshares by 161.5% during the 1st quarter. Fifth Third Bancorp now owns 714 shares of the bank's stock worth $26,000 after acquiring an additional 441 shares in the last quarter. Assetmark Inc. acquired a new position in shares of First Financial Bankshares during the 4th quarter valued at about $33,000. UMB Bank n.a. raised its stake in shares of First Financial Bankshares by 245.6% in the 1st quarter. UMB Bank n.a. now owns 1,904 shares of the bank's stock valued at $68,000 after acquiring an additional 1,353 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in First Financial Bankshares by 89.9% in the 1st quarter. GAMMA Investing LLC now owns 1,927 shares of the bank's stock worth $69,000 after purchasing an additional 912 shares during the last quarter. 69.78% of the stock is currently owned by institutional investors and hedge funds.

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.