Investing in First Financial Bankshares Inc. [FFIN]: What You Must Know


First Financial Bankshares Inc.’s filing revealed that its Director TROTTER JOHNNY acquired Company’s shares for reported $68860.0 on Mar 09. In the deal valued at $34.43 per share,2,000 shares were bought. As a result of this transaction, TROTTER JOHNNY now holds 908,557 shares worth roughly $ 29.87 million.

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Then, Hickox Michelle S bought 3,000 shares, generating $106,366 in total proceeds. Upon buying the shares at $35.46, the EVP/CFO now owns 11,000 shares.

Before that, Hickox Michelle S bought 3,000 shares. First Financial Bankshares Inc. shares valued at $113,850 were divested by the EVP/CFO at a price of $37.95 per share. As a result of the transaction, Hickox Michelle S now holds 8,000 shares, worth roughly $0.26 million.

Janney initiated its First Financial Bankshares Inc. [FFIN] rating to a Neutral in a research note published on Friday, August 31, 2021; the price target was $50. PT values the company’s stock at a premium of 34.24 to its Friday closing price. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who began to cover the stock in mid October with a ‘”a Neutral”‘ rating. Keefe Bruyette also remained covering FFIN and has increased its forecast on April 21, 2017 with a “Mkt perform” recommendation from previously “an Underperform” rating. Hovde Group revised its rating on March 22, 2017. It rated FFIN as “a Market perform” which previously was an “an Underperform”.

Price Performance Review of FFIN

On Friday, First Financial Bankshares Inc. [NASDAQ:FFIN] saw its stock fall -1.41% to $32.88. On the same session, the stock had its day’s lowest price of $32.15, but rose to a high of $34.44. Over the last five days, the stock has lost -9.70%. First Financial Bankshares Inc. shares have fallen nearly -4.42% since the year began. Nevertheless, the stocks have fallen -28.54% over the past one year. While a 52-week high of $47.32 was reached on 02/17/23, a 52-week low of $32.53 was recorded on 03/10/23. SMA at 50 days reached $35.66, while 200 days put it at $39.26. A total of 1.05 million shares were traded, compared to the trading of 0.58 million shares in the previous session.

Levels Of Support And Resistance For FFIN Stock

The 24-hour chart illustrates a support level at 31.87, which if violated will result in even more drops to 30.87. On the upside, there is a resistance level at 34.16. A further resistance level may holdings at 35.45. The Relative Strength Index (RSI) on the 14-day chart is 26.67, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.71%. Stochastics %K at 8.37% indicates the stock is a buying.

How much short interest is there in First Financial Bankshares Inc.?

A steep rise in short interest was recorded in First Financial Bankshares Inc. stocks on Jan 30, 2023, growing by 0.18 million shares to a total of 7.03 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 6.85 million shares. There was a rise of 2.56%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 6.28% of the overall stock float, the days-to-cover ratio (short ratio) rose to 17.6.

First Financial Bankshares Inc. [FFIN] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 13,991,317 shares, or roughly 9.81% of the outstanding FFIN shares. In other words, the investor’s shares have risen by 278,150 from its previous 13-F filing of 13713167.0. Additionally, BlackRock Fund Advisors increased 2.99% of its stake after which the total value it holdings stand at $500,054,955, while SSgA Funds Management, Inc. added 4.68% of its stake to hold $194.22 million in the firm. Over the last quarter, Neuberger Berman Investment Advis sold -807,116 shares of First Financial Bankshares Inc., while Kayne Anderson Rudnick Investment sold -105,738 shares. At present, AllianceBernstein LP is holding 2,751,616 shares valued at $100.93 million. Geode Capital Management LLC owned 2,588,894 shares of the company at the time of its most recent 13F filing, worth $94.96 million.

According to FactSet, First Financial Bankshares Inc.’s share price will average $36.17 in the next year, based on opinions of analysts polled by the firm. This is up nearly 13.94 percent from its previous closing price of $33.35. Analysts expect First Financial Bankshares Inc. stock to reach the higher price of $38.00, while the lowest price estimate is $30.00. However, 6 analysts have rated FFIN stock as a Hold in their predictions for 2023.


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