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Investing in First Financial Bankshares, Inc (FFIN): What You Must Know

In a filing, First Financial Bankshares, Inc revealed 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 $3.94 million.

Hovde Group reiterated its First Financial Bankshares, Inc [FFIN] rating to a Market perform in a research note published on October 21, 2024; the price target was $40. A number of analysts have revised their coverage, including Janney’s analysts, who began to cover the stock in late August with a ‘”a Neutral”‘ rating. Robert W. Baird began covering FFIN with “Neutral” recommendation on October 16, 2018. Keefe Bruyette revised its rating on April 21, 2017. It rated FFIN as “a Mkt perform” which previously was an “an Underperform”.

Price Performance Review of FFIN

On Friday, First Financial Bankshares, Inc [NASDAQ:FFIN] saw its stock jump 0.86% to $36.45. Over the last five days, the stock has gained 0.89%. First Financial Bankshares, Inc shares have risen nearly 20.30% since the year began. Nevertheless, the stocks have risen 51.06% over the past one year. While a 52-week high of $39.53 was reached on 07/29/24, a 52-week low of $23.71 was recorded on 01/17/24. SMA at 50 days reached $36.73, while 200 days put it at $32.78.

Levels Of Support And Resistance For FFIN Stock

The 24-hour chart illustrates a support level at 36.12, which if violated will result in even more drops to 35.79. On the upside, there is a resistance level at 36.68. A further resistance level may holdings at 36.91. The Relative Strength Index (RSI) on the 14-day chart is 47.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.79, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.13%. Stochastics %K at 13.82% 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 2024-10-15, dropping by -0.35 million shares to a total of 7.88 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 8.22 million shares. There was a decline of -4.39%, which implies that there is a negative sentiment for the stock.

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