Sally Pope Davis Acquires 1,700 Shares of First Financial Bankshares (NASDAQ:FFIN) Stock

First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Sally Pope Davis purchased 1,700 shares of the business’s stock in a transaction on Friday, October 31st. The shares were purchased at an average price of $30.73 per share, with a total value of $52,241.00. Following the completion of the purchase, the director owned 6,971 shares in the company, valued at approximately $214,218.83. This trade represents a 32.25% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

First Financial Bankshares Stock Down 0.9%

First Financial Bankshares stock opened at $30.65 on Wednesday. The business has a 50-day simple moving average of $33.95 and a two-hundred day simple moving average of $35.01. The company has a market cap of $4.39 billion, a P/E ratio of 18.14 and a beta of 0.86. First Financial Bankshares, Inc. has a 52-week low of $30.19 and a 52-week high of $44.66.

First Financial Bankshares (NASDAQ:FFIN) last released its quarterly earnings results on Friday, October 24th. The bank reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.11). The firm had revenue of $63.90 million for the quarter, compared to the consensus estimate of $161.21 million. First Financial Bankshares had a net margin of 29.81% and a return on equity of 14.16%. The company’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.37 earnings per share. Research analysts anticipate that First Financial Bankshares, Inc. will post 1.78 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FFIN has been the subject of a number of recent research reports. Keefe, Bruyette & Woods cut their price objective on First Financial Bankshares from $38.00 to $36.00 and set a “market perform” rating for the company in a research note on Friday, October 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of First Financial Bankshares in a research note on Tuesday, October 14th. Hovde Group upgraded First Financial Bankshares from a “market perform” rating to an “outperform” rating and set a $39.00 price objective for the company in a research note on Monday, October 27th. Finally, Cantor Fitzgerald initiated coverage on First Financial Bankshares in a research note on Wednesday, September 10th. They set a “neutral” rating and a $39.00 price objective for the company. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $38.00.

Hedge Funds Weigh In On First Financial Bankshares

Large investors have recently modified their holdings of the stock. HHM Wealth Advisors LLC bought a new position in shares of First Financial Bankshares during the 3rd quarter valued at approximately $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 bought a new position in shares of First Financial Bankshares during the 1st quarter valued at approximately $36,000. Smartleaf Asset Management LLC increased its position in shares of First Financial Bankshares by 47.5% during the 1st quarter. Smartleaf Asset Management LLC now owns 1,255 shares of the bank’s stock valued at $45,000 after purchasing an additional 404 shares during the last quarter. Finally, State of Wyoming bought a new position in shares of First Financial Bankshares during the 2nd quarter valued at approximately $54,000. 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.