First Financial Bankshares (NASDAQ:FFIN) Price Target Raised to $41.00 at Keefe, Bruyette & Woods

First Financial Bankshares (NASDAQ:FFIN) had its price objective hoisted by investment analysts at Keefe, Bruyette & Woods from $40.00 to $41.00 in a research note issued on Monday,Benzinga reports. The firm currently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 7.15% from the company’s current price.

Several other brokerages also recently issued reports on FFIN. Hovde Group upped their price target on First Financial Bankshares from $34.50 to $40.00 and gave the stock a “market perform” rating in a report on Monday, October 21st. Stephens increased their target price on shares of First Financial Bankshares from $37.00 to $40.00 and gave the company an “equal weight” rating in a report on Friday, October 18th.

First Financial Bankshares Stock Performance

Shares of First Financial Bankshares stock opened at $38.26 on Monday. First Financial Bankshares has a 52 week low of $27.62 and a 52 week high of $44.66. The stock has a 50 day moving average price of $38.51 and a two-hundred day moving average price of $37.35. The stock has a market capitalization of $5.47 billion, a PE ratio of 26.56 and a beta of 0.83.

First Financial Bankshares (NASDAQ:FFIN) last announced its quarterly earnings data on Thursday, January 23rd. The bank reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. First Financial Bankshares had a return on equity of 13.43% and a net margin of 28.76%. Research analysts forecast that First Financial Bankshares will post 1.52 EPS for the current year.

Insider Buying and Selling at First Financial Bankshares

In other First Financial Bankshares news, CEO F Scott Dueser sold 25,000 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $40.73, for a total value of $1,018,250.00. Following the completion of the transaction, the chief executive officer now owns 471,004 shares in the company, valued at $19,183,992.92. This represents a 5.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael B. Denny sold 7,000 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $41.12, for a total value of $287,840.00. Following the completion of the transaction, the director now owns 101,085 shares of the company’s stock, valued at $4,156,615.20. This trade represents a 6.48 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 4.22% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. U.S. Capital Wealth Advisors LLC grew its stake in shares of First Financial Bankshares by 11.4% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 9,755 shares of the bank’s stock worth $352,000 after acquiring an additional 1,000 shares during the period. Sylvest Advisors LLC bought a new position in shares of First Financial Bankshares during the 4th quarter worth $436,000. R Squared Ltd bought a new position in shares of First Financial Bankshares during the 4th quarter worth $88,000. Pacer Advisors Inc. grew its stake in shares of First Financial Bankshares by 2.3% during the 4th quarter. Pacer Advisors Inc. now owns 19,170 shares of the bank’s stock worth $691,000 after acquiring an additional 432 shares during the period. Finally, KBC Group NV grew its stake in shares of First Financial Bankshares by 50.5% during the 4th quarter. KBC Group NV now owns 5,422 shares of the bank’s stock worth $195,000 after acquiring an additional 1,819 shares during the period. Institutional investors own 69.78% of the company’s stock.

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.