First Financial Bankshares (NASDAQ:FFIN) Given New $41.00 Price Target at Keefe, Bruyette & Woods

First Financial Bankshares (NASDAQ:FFIN) had its price objective upped by Keefe, Bruyette & Woods from $40.00 to $41.00 in a research report sent to investors on Monday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the bank’s stock.

A number of other equities research analysts also recently weighed in on the company. 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 report on Monday, October 21st. Stephens raised their price target on First Financial Bankshares from $37.00 to $40.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th.

First Financial Bankshares Stock Up 1.9 %

FFIN stock opened at $38.52 on Monday. The business’s fifty day simple moving average is $38.51 and its two-hundred day simple moving average is $37.35. First Financial Bankshares has a twelve month low of $27.62 and a twelve month high of $44.66. The firm has a market cap of $5.50 billion, a price-to-earnings ratio of 26.57 and a beta of 0.83.

First Financial Bankshares (NASDAQ:FFIN) last posted 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%. Research analysts expect that First Financial Bankshares will post 1.52 EPS for the current year.

Insider Transactions at First Financial Bankshares

In other news, Director Michael B. Denny sold 7,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $41.12, for a total value of $287,840.00. Following the completion of the transaction, the director now directly owns 101,085 shares in the company, valued at $4,156,615.20. This trade represents a 6.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO F Scott Dueser sold 25,000 shares of First Financial Bankshares stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $40.73, for a total value of $1,018,250.00. Following the transaction, the chief executive officer now owns 471,004 shares of the company’s stock, valued at approximately $19,183,992.92. This represents a 5.04 % 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 Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Lindenwold Advisors INC raised its position in First Financial Bankshares by 2.8% during the third quarter. Lindenwold Advisors INC now owns 9,091 shares of the bank’s stock valued at $336,000 after acquiring an additional 250 shares in the last quarter. Ballentine Partners LLC grew its holdings in First Financial Bankshares by 2.8% in the third quarter. Ballentine Partners LLC now owns 12,190 shares of the bank’s stock valued at $451,000 after purchasing an additional 333 shares during the period. Pacer Advisors Inc. grew its holdings in First Financial Bankshares by 2.3% in the fourth quarter. Pacer Advisors Inc. now owns 19,170 shares of the bank’s stock valued at $691,000 after purchasing an additional 432 shares during the period. Huntington National Bank grew its holdings in First Financial Bankshares by 32.2% in the third quarter. Huntington National Bank now owns 2,369 shares of the bank’s stock valued at $88,000 after purchasing an additional 577 shares during the period. Finally, Blue Trust Inc. grew its holdings in First Financial Bankshares by 1.8% in the fourth quarter. Blue Trust Inc. now owns 36,788 shares of the bank’s stock valued at $1,362,000 after purchasing an additional 665 shares during the period. 69.78% of the stock is currently owned by hedge funds and other 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.