Michelle Hickox Purchases 2,000 Shares of First Financial Bankshares (NASDAQ:FFIN) Stock

First Financial Bankshares, Inc. (NASDAQ:FFIN) CFO Michelle Hickox acquired 2,000 shares of the stock in a transaction on Tuesday, October 28th. The shares were acquired at an average price of $31.15 per share, for a total transaction of $62,300.00. Following the acquisition, the chief financial officer owned 24,461 shares of the company’s stock, valued at approximately $761,960.15. The trade was a 8.90% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

First Financial Bankshares Price Performance

Shares of NASDAQ FFIN opened at $30.70 on Friday. The company has a 50-day moving average price of $34.35 and a 200-day moving average price of $35.01. The stock has a market capitalization of $4.39 billion, a P/E ratio of 18.17 and a beta of 0.86. First Financial Bankshares, Inc. has a 1 year low of $30.50 and a 1 year high of $44.66.

First Financial Bankshares (NASDAQ:FFIN) last posted its earnings results on Thursday, October 23rd. The bank reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.11). The business had revenue of $162.06 million during the quarter, compared to analyst estimates of $161.21 million. First Financial Bankshares had a return on equity of 14.16% and a net margin of 29.81%.The company’s revenue was up 15.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.37 EPS. As a group, equities research analysts anticipate that First Financial Bankshares, Inc. will post 1.78 earnings per share for the current fiscal year.

Hedge Funds Weigh In On First Financial Bankshares

Institutional investors have recently added to or reduced their stakes in the stock. HHM Wealth Advisors LLC bought a new stake in First Financial Bankshares in the third quarter worth about $25,000. Corsicana & Co. bought a new position in shares of First Financial Bankshares during the 3rd quarter valued at approximately $27,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of First Financial Bankshares during the 1st quarter worth approximately $36,000. Smartleaf Asset Management LLC raised its holdings in shares of First Financial Bankshares by 47.5% in the 1st quarter. Smartleaf Asset Management LLC now owns 1,255 shares of the bank’s stock worth $45,000 after purchasing an additional 404 shares during the period. Finally, State of Wyoming purchased a new position in First Financial Bankshares in the second quarter valued at approximately $54,000. Institutional investors own 69.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on FFIN. Hovde Group upgraded First Financial Bankshares from a “market perform” rating to an “outperform” rating and set a $39.00 target price on the stock in a report on Monday. Cantor Fitzgerald initiated coverage on First Financial Bankshares in a research report on Wednesday, September 10th. They issued a “neutral” rating and a $39.00 price target for the company. Keefe, Bruyette & Woods cut their price objective on shares of First Financial Bankshares from $38.00 to $36.00 and set a “market perform” rating on the stock in a report on Friday, October 24th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of First Financial Bankshares in a report on Tuesday, October 14th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, First Financial Bankshares has an average rating of “Hold” and an average price target of $38.00.

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.