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The Attractiveness of Investing In First Financial Bankshares, Inc. (FFIN) is Growing

First Financial Bankshares, Inc.’s recent filing unveils that its Officer Thaxton Kirk W acquired Company’s shares for reported $0.62 million on Jul 31 ’24. In the deal valued at $38.43 per share,16,224 shares were bought.

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Then, TROTTER JOHNNY bought 1,000 shares, generating $27,790 in total proceeds. Upon buying the shares at $27.79, the Director now owns 943,371 shares.

Before that, Denny Michael B. bought 3,500 shares. First Financial Bankshares, Inc. shares valued at $101,115 were divested by the Director at a price of $28.89 per share. As a result of the transaction, Denny Michael B. now holds 108,085 shares, worth roughly $4.12 million.

Janney initiated its First Financial Bankshares, Inc. [FFIN] rating to a Neutral in a research note published on August 31, 2021; the price target was $50. 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 -1.91% to $38.10. Over the last five days, the stock has gained 3.62%. First Financial Bankshares, Inc. shares have risen nearly 25.74% since the year began. Nevertheless, the stocks have risen 46.76% over the past one year. While a 52-week high of $39.53 was reached on 07/29/24, a 52-week low of $22.84 was recorded on 01/17/24. SMA at 50 days reached $35.96, while 200 days put it at $31.64.

Levels Of Support And Resistance For FFIN Stock

The 24-hour chart illustrates a support level at 37.74, which if violated will result in even more drops to 37.37. On the upside, there is a resistance level at 38.70. A further resistance level may holdings at 39.30. The Relative Strength Index (RSI) on the 14-day chart is 63.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.64, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 25.00%. Stochastics %K at 78.60% indicates the stock is a holding.

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 2024-08-30, growing by 64338.0 shares to a total of 8.28 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 8.22 million shares. There was a rise of 0.78%, which implies that there is a positive sentiment for the stock.

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