First Financial Bankshares (NASDAQ:FFIN) Director Robert Clark Nickles, Jr. Acquires 700 Shares of Stock

First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Robert Clark Nickles, Jr. acquired 700 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at $3,430,524.36. This trade represents a 0.72% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

First Financial Bankshares Stock Up 2.2%

First Financial Bankshares stock opened at $35.21 on Wednesday. The firm has a fifty day moving average of $33.77 and a 200-day moving average of $32.37. First Financial Bankshares, Inc. has a 52-week low of $28.11 and a 52-week high of $38.12. The firm has a market capitalization of $5.04 billion, a P/E ratio of 18.83 and a beta of 0.81.

First Financial Bankshares (NASDAQ:FFIN) last posted its earnings results on Thursday, July 16th. The bank reported $0.50 earnings per share 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 business had revenue of $172.76 million for the quarter, compared to analyst estimates of $173.03 million. During the same quarter in the previous year, the business posted $0.47 EPS. On average, research analysts expect that First Financial Bankshares, Inc. will post 2.04 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on the company. Keefe, Bruyette & Woods reduced their price objective on First Financial Bankshares from $36.00 to $34.00 and set a “market perform” rating on the stock in a research note on Thursday, April 9th. Weiss Ratings upgraded First Financial Bankshares from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, July 20th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $35.00 target price (up from $34.00) on shares of First Financial Bankshares in a research note on Wednesday, July 15th. Finally, Benchmark started coverage on First Financial Bankshares in a report on Wednesday, June 24th. They set a “buy” rating and a $39.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, First Financial Bankshares has an average rating of “Moderate Buy” and a consensus price target of $36.75.

Institutional Investors Weigh In On First Financial Bankshares

Large investors have recently added to or reduced their stakes in the company. Waterloo Capital L.P. grew its stake 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 valued at $2,058,000 after acquiring an additional 62,510 shares in the last quarter. Jefferies Financial Group Inc. increased its position in shares of First Financial Bankshares by 283.7% during the fourth quarter. Jefferies Financial Group Inc. now owns 112,781 shares of the bank’s stock worth $3,369,000 after acquiring an additional 83,385 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of First Financial Bankshares by 3,042,660.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 21,512,315 shares of the bank’s stock worth $642,573,000 after acquiring an additional 21,511,608 shares in the last quarter. Phocas Financial Corp. acquired a new position in shares of First Financial Bankshares in the fourth quarter worth about $3,515,000. Finally, Tudor Investment Corp ET AL purchased a new position in First Financial Bankshares in the third quarter valued at about $3,024,000. 69.78% of the stock is owned by institutional investors and hedge funds.

First Financial Bankshares Company Profile

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.