First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Buys $23,220.00 in Stock

First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Murray Hamilton Edwards purchased 750 shares of the stock in a transaction on Tuesday, May 7th. The stock was acquired at an average cost of $30.96 per share, with a total value of $23,220.00. Following the completion of the purchase, the director now directly owns 41,584 shares of the company’s stock, valued at $1,287,440.64. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

First Financial Bankshares Price Performance

NASDAQ:FFIN traded down $0.23 during trading hours on Wednesday, hitting $30.85. The company had a trading volume of 44,498 shares, compared to its average volume of 496,366. First Financial Bankshares, Inc. has a 52 week low of $22.84 and a 52 week high of $33.15. The company has a market capitalization of $4.40 billion, a PE ratio of 22.20 and a beta of 0.83. The stock has a 50-day moving average price of $30.88 and a 200 day moving average price of $29.43.

First Financial Bankshares (NASDAQ:FFIN) last announced its quarterly earnings results on Tuesday, April 23rd. The bank reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $129.72 million. During the same quarter in the previous year, the company earned $0.39 earnings per share. First Financial Bankshares’s quarterly revenue was up 4.3% on a year-over-year basis. Analysts anticipate that First Financial Bankshares, Inc. will post 1.47 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. First Financial Bankshares Inc purchased a new stake in First Financial Bankshares in the fourth quarter worth about $553,577,000. Vanguard Group Inc. grew its stake in shares of First Financial Bankshares by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 14,465,552 shares of the bank’s stock worth $438,306,000 after buying an additional 120,252 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its position in First Financial Bankshares by 1.4% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,615,353 shares of the bank’s stock valued at $90,818,000 after buying an additional 50,774 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in First Financial Bankshares by 2.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,365,643 shares of the bank’s stock valued at $71,685,000 after buying an additional 49,701 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in First Financial Bankshares by 3.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,568,765 shares of the bank’s stock worth $47,534,000 after acquiring an additional 46,164 shares in the last quarter. Hedge funds and other institutional investors own 69.78% of the company’s stock.

Analysts Set New Price Targets

FFIN has been the subject of several analyst reports. Keefe, Bruyette & Woods increased their target price on First Financial Bankshares from $30.00 to $31.00 and gave the company a “market perform” rating in a report on Friday, January 26th. Truist Financial cut their target price on shares of First Financial Bankshares from $34.00 to $32.00 and set a “hold” rating on the stock in a report on Monday, April 22nd. Finally, Stephens dropped their price target on shares of First Financial Bankshares from $35.00 to $31.00 and set an “equal weight” rating for the company in a research report on Friday, April 19th. One research analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. Based on data from MarketBeat.com, First Financial Bankshares presently has a consensus rating of “Hold” and an average target price of $31.33.

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.