First Financial Bankshares (NASDAQ:FFIN) PT Lowered to $32.00

Posted by on Apr 25th, 2023

First Financial Bankshares (NASDAQ:FFIN – Get Rating) had its price objective reduced by Stephens from $34.00 to $32.00 in a research note issued to investors on Friday morning, Benzinga reports. They currently have an equal weight rating on the bank’s stock.

A number of other analysts have also issued reports on FFIN. Truist Financial dropped their price target on shares of First Financial Bankshares from $38.00 to $34.00 and set a hold rating for the company in a research note on Thursday, March 23rd. StockNews.com lowered shares of First Financial Bankshares from a hold rating to a sell rating in a research note on Friday, March 10th. Finally, Piper Sandler decreased their price target on First Financial Bankshares from $28.00 to $26.00 in a research note on Friday.

First Financial Bankshares Stock Up 0.1 %

Shares of NASDAQ FFIN opened at $28.67 on Friday. First Financial Bankshares has a fifty-two week low of $27.55 and a fifty-two week high of $47.26. The business has a 50 day moving average price of $33.18 and a two-hundred day moving average price of $35.48. The firm has a market cap of $4.09 billion, a PE ratio of 17.67 and a beta of 0.73.

Insiders Place Their Bets

In other First Financial Bankshares news, Director Johnny Trotter acquired 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 25th. The shares were purchased at an average price of $34.05 per share, for a total transaction of $102,150.00. Following the completion of the purchase, the director now directly owns 905,057 shares in the company, valued at $30,817,190.85. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Johnny Trotter acquired 3,000 shares of the stock in a transaction that occurred on Wednesday, January 25th. The stock was purchased at an average cost of $34.05 per share, for a total transaction of $102,150.00. Following the purchase, the director now directly owns 905,057 shares in the company, valued at $30,817,190.85. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert Clark Nickles, Jr. bought 9,146 shares of the company’s stock in a transaction on Tuesday, March 14th. The stock was bought at an average cost of $32.75 per share, for a total transaction of $299,531.50. Following the completion of the transaction, the director now directly owns 72,785 shares of the company’s stock, valued at $2,383,708.75. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 25,146 shares of company stock valued at $872,972. Company insiders own 4.11% of the company’s stock.

Institutional Investors Weigh In On First Financial Bankshares

Large investors have recently made changes to their positions in the company. Householder Group Estate & Retirement Specialist LLC acquired a new position in shares of First Financial Bankshares during the fourth quarter worth approximately $34,000. Wipfli Financial Advisors LLC acquired a new position in shares of First Financial Bankshares during the third quarter worth approximately $38,000. CI Investments Inc. boosted its position in shares of First Financial Bankshares by 47.3% during the fourth quarter. CI Investments Inc. now owns 1,118 shares of the bank’s stock worth $38,000 after buying an additional 359 shares during the period. Parallel Advisors LLC raised its stake in shares of First Financial Bankshares by 104.7% during the fourth quarter. Parallel Advisors LLC now owns 1,132 shares of the bank’s stock valued at $39,000 after purchasing an additional 579 shares in the last quarter. Finally, Steward Financial Group LLC bought a new stake in shares of First Financial Bankshares during the fourth quarter valued at about $39,000. Institutional investors and hedge funds own 53.86% of the company’s stock.

About First Financial Bankshares

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First Financial Bankshares, Inc is a bank holding company, which engages in the provision of financial and community banking services. It offers mortgage loans, savings and checking accounts, auto and equity loans, online and mobile banking, investment and trust management, and retirement plans. The company was founded in 1956 and is headquartered in Abilene, TX.

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