Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. First Financial Bankshares, Inc shares valued at $293,930 were purchased by Denny Michael B. on Nov 06 ’24. At $41.99 per share, Denny Michael B. acquired 7,000 shares.
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Also, Thaxton Kirk W purchased 16,224 shares, netting a total of over 623,488 in proceeds.
Before that, TROTTER JOHNNY had added 1,000 shares to its account. In a trade valued at $27,790, the Director bought First Financial Bankshares, Inc shares for $27.79 each. Upon closing the transaction, the insider’s holdings increased to 1,000 shares, worth approximately $39.61 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 surge of approximately 14.54%. Over the course of the year, First Financial Bankshares, Inc shares have jumped approximately 38.58%. Shares of the company reached a 52-week high of $42.02 on 11/06/24 and a 52-week low of $27.06 on 01/17/24. A 50-day SMA is recorded $36.85, while a 200-day SMA reached $32.91. Nevertheless, trading volume fell to 1.59 million shares from 0.38 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 39.84, which, if violated, would cause prices to drop to 37.69. In the upper region, resistance lies at 43.08. The next price resistance is at 44.17. RSI (Relative Strength Index) is 73.09 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.13, which suggests the price will increase in the coming days. Percent R is at 0.46%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
