First Financial Bankshares (NASDAQ:FFIN – Free Report) had its target price increased by Keefe, Bruyette & Woods from $40.00 to $41.00 in a report published on Monday morning,Benzinga reports. They currently have a market perform rating on the bank’s stock.
FFIN has been the topic of a number of other research reports. Stephens boosted their price objective on First Financial Bankshares from $37.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. Hovde Group boosted their price objective on First Financial Bankshares from $34.50 to $40.00 and gave the stock a “market perform” rating in a research note on Monday, October 21st.
Check Out Our Latest Analysis on FFIN
First Financial Bankshares Price Performance
First Financial Bankshares (NASDAQ:FFIN – Get Free Report) last issued its quarterly earnings results on Thursday, January 23rd. The bank reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. First Financial Bankshares had a return on equity of 13.43% and a net margin of 28.76%. As a group, analysts expect that First Financial Bankshares will post 1.52 earnings per share for the current year.
Insider Transactions at First Financial Bankshares
In other First Financial Bankshares news, CEO F Scott Dueser sold 25,000 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $40.73, for a total transaction of $1,018,250.00. Following the sale, the chief executive officer now directly owns 471,004 shares in the company, valued at $19,183,992.92. This represents a 5.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael B. Denny sold 7,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $41.12, for a total transaction of $287,840.00. Following the sale, the director now owns 101,085 shares in the company, valued at approximately $4,156,615.20. This trade represents a 6.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 4.22% of the company’s stock.
Institutional Investors Weigh In On First Financial Bankshares
A number of hedge funds have recently added to or reduced their stakes in FFIN. State Street Corp lifted its holdings in First Financial Bankshares by 4.7% during the 3rd quarter. State Street Corp now owns 6,222,092 shares of the bank’s stock worth $231,381,000 after buying an additional 281,166 shares in the last quarter. Geode Capital Management LLC increased its position in shares of First Financial Bankshares by 8.0% in the 3rd quarter. Geode Capital Management LLC now owns 3,361,921 shares of the bank’s stock valued at $124,446,000 after purchasing an additional 249,011 shares during the last quarter. Champlain Investment Partners LLC increased its position in shares of First Financial Bankshares by 6.8% in the 3rd quarter. Champlain Investment Partners LLC now owns 3,516,329 shares of the bank’s stock valued at $130,139,000 after purchasing an additional 223,640 shares during the last quarter. Emerald Advisers LLC purchased a new stake in shares of First Financial Bankshares in the 3rd quarter valued at approximately $8,235,000. Finally, Natixis Advisors LLC increased its position in shares of First Financial Bankshares by 37.5% in the 3rd quarter. Natixis Advisors LLC now owns 613,381 shares of the bank’s stock valued at $22,701,000 after purchasing an additional 167,433 shares during the last quarter. 69.78% of the stock is currently owned by institutional investors and hedge funds.
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.
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