Robert Clark Nickles, Jr. Acquires 492 Shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) Stock

First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Robert Clark Nickles, Jr. bought 492 shares of the stock in a transaction on Wednesday, January 29th. The shares were acquired at an average cost of $37.85 per share, for a total transaction of $18,622.20. Following the purchase, the director now owns 94,579 shares in the company, valued at approximately $3,579,815.15. This represents a 0.52 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

First Financial Bankshares Price Performance

FFIN stock traded up $0.25 on Thursday, reaching $37.62. 419,615 shares of the company were exchanged, compared to its average volume of 506,724. First Financial Bankshares, Inc. has a 12 month low of $27.62 and a 12 month high of $44.66. The firm has a market capitalization of $5.38 billion, a PE ratio of 25.94 and a beta of 0.83. The stock’s fifty day moving average price is $38.34 and its 200 day moving average price is $37.46.

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on FFIN shares. Stephens lifted their price objective on shares of First Financial Bankshares from $37.00 to $40.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Hovde Group raised their price objective on First Financial Bankshares from $34.50 to $40.00 and gave the company a “market perform” rating in a research note on Monday, October 21st. Finally, Keefe, Bruyette & Woods upped their target price on First Financial Bankshares from $40.00 to $41.00 and gave the stock a “market perform” rating in a research report on Monday.

Institutional Investors Weigh In On First Financial Bankshares

Large investors have recently modified their holdings of the stock. Lindenwold Advisors INC grew its holdings in shares of First Financial Bankshares by 2.8% in the 3rd quarter. Lindenwold Advisors INC now owns 9,091 shares of the bank’s stock worth $336,000 after purchasing an additional 250 shares during the last quarter. Kingsview Wealth Management LLC boosted its position in First Financial Bankshares by 1.2% in the fourth quarter. Kingsview Wealth Management LLC now owns 26,649 shares of the bank’s stock valued at $961,000 after buying an additional 312 shares in the last quarter. Ballentine Partners LLC increased its holdings in shares of First Financial Bankshares by 2.8% during the third quarter. Ballentine Partners LLC now owns 12,190 shares of the bank’s stock worth $451,000 after buying an additional 333 shares in the last quarter. Pacer Advisors Inc. grew its position in 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 last quarter. Finally, Huntington National Bank increased its holdings in First Financial Bankshares by 32.2% during the 3rd quarter. Huntington National Bank now owns 2,369 shares of the bank’s stock valued at $88,000 after purchasing an additional 577 shares in the last quarter. 69.78% of the stock is currently owned by institutional investors.

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.