Robert Clark Nickles, Jr. Buys 593 Shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) Stock

First Financial Bankshares, Inc. (NASDAQ:FFIN - Get Free Report) Director Robert Clark Nickles, Jr. purchased 593 shares of First Financial Bankshares stock in a transaction that occurred on Wednesday, May 1st. The stock was acquired at an average cost of $30.16 per share, with a total value of $17,884.88. Following the transaction, the director now owns 93,563 shares in the company, valued at approximately $2,821,860.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

First Financial Bankshares Stock Up 1.6 %

NASDAQ:FFIN traded up $0.46 during trading hours on Wednesday, hitting $30.02. 435,505 shares of the company traded hands, compared to its average volume of 505,983. The company has a market cap of $4.29 billion, a PE ratio of 21.44 and a beta of 0.82. The firm's 50-day simple moving average is $30.93 and its 200-day simple moving average is $29.21. First Financial Bankshares, Inc. has a one year low of $22.84 and a one year high of $33.15.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The bank reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.35 by $0.02. First Financial Bankshares had a net margin of 30.03% and a return on equity of 14.28%. The company had revenue of $129.63 million for the quarter, compared to analyst estimates of $129.72 million. During the same period last year, the firm earned $0.39 earnings per share. The firm's revenue was up 4.3% on a year-over-year basis. As a group, equities research analysts expect that First Financial Bankshares, Inc. will post 1.47 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on FFIN. Stephens dropped their price objective on shares of First Financial Bankshares from $35.00 to $31.00 and set an "equal weight" rating on the stock in a research note on Friday, April 19th. Keefe, Bruyette & Woods upped their target price on shares of First Financial Bankshares from $30.00 to $31.00 and gave the stock a "market perform" rating in a report on Friday, January 26th. Finally, Truist Financial cut their price target on First Financial Bankshares from $34.00 to $32.00 and set a "hold" rating for the company in a research note on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating and three have given a hold rating to the stock. Based on data from MarketBeat.com, First Financial Bankshares currently has a consensus rating of "Hold" and a consensus price target of $31.33.

Hedge Funds Weigh In On First Financial Bankshares

Hedge funds have recently modified their holdings of the company. Lindbrook Capital LLC increased its position in shares of First Financial Bankshares by 134.8% during the fourth quarter. Lindbrook Capital LLC now owns 911 shares of the bank's stock valued at $28,000 after acquiring an additional 523 shares during the last quarter. Hexagon Capital Partners LLC grew its stake in First Financial Bankshares by 81.1% in the 1st quarter. Hexagon Capital Partners LLC now owns 927 shares of the bank's stock valued at $30,000 after purchasing an additional 415 shares during the period. First Command Advisory Services Inc. bought a new position in First Financial Bankshares in the 3rd quarter valued at $26,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of First Financial Bankshares during the 3rd quarter valued at $40,000. Finally, Signaturefd LLC raised its stake in shares of First Financial Bankshares by 35.6% during the 3rd quarter. Signaturefd LLC now owns 2,676 shares of the bank's stock worth $67,000 after purchasing an additional 703 shares during the period. Institutional investors own 69.78% of the company's stock.

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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