First Financial Bankshares (NASDAQ:FFIN) Stock: Insider Murray Hamilton Edwards Acquires 800 Shares

First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Murray Edwards acquired 800 shares of the stock in a transaction that occurred on Friday, October 30th. The stock was purchased at an average price of $30.53 per share, for a total transaction of $24,424.00. Following the completion of the acquisition, the director owned 45,434 shares in the company, valued at $1,387,100.02. The trade was a 1.79% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

First Financial Bankshares Stock Performance

Shares of FFIN opened at $31.42 on Thursday. The stock has a 50 day moving average price of $31.86 and a 200 day moving average price of $32.49. First Financial Bankshares, Inc. has a one year low of $28.11 and a one year high of $36.52. The stock has a market capitalization of $4.50 billion, a price-to-earnings ratio of 15.29 and a beta of 0.80.

First Financial Bankshares (NASDAQ:FFIN) last released its earnings results on Thursday, October 15th. The bank reported $0.52 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.52. First Financial Bankshares had a net margin of 33.16% and a return on equity of 14.91%. The business had revenue of $174.14 million during the quarter, compared to analyst estimates of $178.63 million. During the same quarter in the prior year, the firm earned $0.36 earnings per share. On average, analysts predict that First Financial Bankshares, Inc. will post 2.05 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on FFIN shares. Cantor Fitzgerald dropped their price target on shares of First Financial Bankshares from $35.00 to $34.00 and set a “neutral” rating for the company in a research note on Wednesday, October 14th. Raymond James Financial began coverage on First Financial Bankshares in a research note on Wednesday, October 14th. They issued a “market perform” rating on the stock. Piper Sandler decreased their price objective on shares of First Financial Bankshares from $35.00 to $33.00 and set a “neutral” rating on the stock in a report on Monday, October 19th. Weiss Ratings lowered First Financial Bankshares from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, September 25th. Finally, Seaport Research Partners upgraded First Financial Bankshares to a “buy” rating in a research report on Wednesday, October 14th. One research analyst has rated the stock with a Strong Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $35.20.

Hedge Funds Weigh In On First Financial Bankshares

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its holdings in First Financial Bankshares by 1.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,760,965 shares of the bank’s stock valued at $81,309,000 after purchasing an additional 45,052 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of First Financial Bankshares by 4.4% in the 1st quarter. Principal Financial Group Inc. now owns 297,075 shares of the bank’s stock valued at $8,749,000 after purchasing an additional 12,454 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of First Financial Bankshares by 4.2% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 252,656 shares of the bank’s stock valued at $8,742,000 after purchasing an additional 10,244 shares during the period. Swiss National Bank boosted its holdings in First Financial Bankshares by 0.4% during the first quarter. Swiss National Bank now owns 240,900 shares of the bank’s stock worth $7,095,000 after buying an additional 1,000 shares in the last quarter. Finally, California Public Employees Retirement System grew its holdings in shares of First Financial Bankshares by 0.7% in the 1st quarter. California Public Employees Retirement System now owns 236,597 shares of the bank’s stock worth $6,968,000 after acquiring an additional 1,761 shares during the period. Hedge funds and other institutional investors own 69.78% of the company’s stock.

About First Financial Bankshares

First Financial Bankshares, Inc is a Texas-based financial holding company headquartered in Abilene, Texas. Through its principal subsidiary, First Financial Bank, the company provides banking and financial services to individuals, businesses, agricultural customers and public-sector organizations. The bank traces its roots to 1890 and has grown through expansion and acquisitions into a regional banking organization serving communities across Texas.

First Financial Bank offers a range of deposit products, including checking, savings, money market and certificate of deposit accounts.