The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. First Financial Bankshares, Inc. shares valued at $623,488 were purchased by Thaxton Kirk W on Jul 31 ’24. At $38.43 per share, Thaxton Kirk W acquired 16,224 shares.
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Also, TROTTER JOHNNY purchased 1,000 shares, netting a total of over 27,790 in proceeds. Following the buying of shares at $27.79 each, the insider now holds 943,371 shares.
Before that, Denny Michael B. had added 3,500 shares to its account. In a trade valued at $101,115, the Director bought First Financial Bankshares, Inc. shares for $28.89 each. Upon closing the transaction, the insider’s holdings increased to 3,500 shares, worth approximately $3.99 million.
As published in a research note from Hovde Group on October 21, 2024, First Financial Bankshares, Inc. [FFIN] has been retained to a Market perform and the price target has been revised to $40. Analysts at Janney started covering the stock with ‘”a Neutral”‘ outlook in a report released in late August. As of October 16, 2018, Robert W. Baird has initiated its “Neutral” rating for FFIN. Earlier on April 21, 2017, Keefe Bruyette upgraded its rating. Their new recommendation was “a Mkt perform” for FFIN stock which previously was a “an Underperform”.
Analyzing FFIN Stock Performance
During the last five days, there has been a drop of approximately -5.07%. Over the course of the year, First Financial Bankshares, Inc. shares have jumped approximately 21.72%. Shares of the company reached a 52-week high of $39.53 on 07/29/24 and a 52-week low of $27.06 on 01/17/24. A 50-day SMA is recorded $36.61, while a 200-day SMA reached $32.52. Nevertheless, trading volume fell to 0.8 million shares from 0.27 million shares the previous day.
Support And Resistance Levels for First Financial Bankshares, Inc. (FFIN)
According to the 24-hour chart, there is a support level at 36.57, which, if violated, would cause prices to drop to 36.25. In the upper region, resistance lies at 37.26. The next price resistance is at 37.63. RSI (Relative Strength Index) is 48.90 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.16, which suggests the price will decrease in the coming days. Percent R is at 63.31%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
