First Financial Bankshares (NASDAQ:FFIN) PT Raised to $40.00

First Financial Bankshares (NASDAQ:FFIN) had its price objective increased by analysts at Hovde Group from $34.50 to $40.00 in a report issued on Monday, Marketbeat.com reports. The firm presently has a “market perform” rating on the bank’s stock. Hovde Group’s price objective would suggest a potential upside of 7.87% from the company’s previous close.

FFIN has been the topic of several other reports. Truist Financial lifted their price objective on First Financial Bankshares from $39.00 to $40.00 and gave the company a “hold” rating in a research report on Friday, September 20th. Stephens lifted their price target on First Financial Bankshares from $37.00 to $40.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th.

First Financial Bankshares Trading Up 0.2 %

FFIN stock opened at $37.08 on Monday. The stock has a market capitalization of $5.30 billion, a price-to-earnings ratio of 26.49 and a beta of 0.78. The firm’s 50-day moving average price is $36.54 and its two-hundred day moving average price is $33.09. First Financial Bankshares has a 12-month low of $22.84 and a 12-month high of $39.53.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Olistico Wealth LLC purchased a new position in shares of First Financial Bankshares in the 2nd quarter worth about $29,000. Hexagon Capital Partners LLC raised its holdings in First Financial Bankshares by 81.1% in the first quarter. Hexagon Capital Partners LLC now owns 927 shares of the bank’s stock worth $30,000 after buying an additional 415 shares during the last quarter. Neo Ivy Capital Management bought a new position in shares of First Financial Bankshares in the second quarter worth approximately $41,000. Quarry LP purchased a new stake in shares of First Financial Bankshares during the second quarter valued at approximately $83,000. Finally, Point72 DIFC Ltd bought a new stake in shares of First Financial Bankshares during the second quarter valued at approximately $97,000. Hedge funds and other institutional investors own 69.78% of the company’s stock.

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.