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First Financial Bankshares, Inc (FFIN) rating reiterates by Hovde Group

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First Financial Bankshares, Inc’s recently made public that its Director Edwards Murray Hamilton acquired Company’s shares for reported $10200.0 on Nov 19 ’24. In the deal valued at $40.80 per share,250 shares were bought. As a result of this transaction, Edwards Murray Hamilton now holds 41,834 shares worth roughly $1.71 million.

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Then, Denny Michael B. sold 7,000 shares, generating $287,840 in total proceeds. Upon selling the shares at $41.12, the Director now owns 101,085 shares.

Before that, Denny Michael B. bought 7,000 shares. First Financial Bankshares, Inc shares valued at $293,930 were divested by the Director at a price of $41.99 per share.

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 Tuesday, First Financial Bankshares, Inc [NASDAQ:FFIN] saw its stock jump 1.12% to $40.76. Over the last five days, the stock has lost -0.22%. First Financial Bankshares, Inc shares have risen nearly 34.52% since the year began. Nevertheless, the stocks have risen 42.92% over the past one year. While a 52-week high of $44.66 was reached on 11/25/24, a 52-week low of $27.06 was recorded on 01/17/24. SMA at 50 days reached $39.05, while 200 days put it at $34.07.

Levels Of Support And Resistance For FFIN Stock

The 24-hour chart illustrates a support level at 39.90, which if violated will result in even more drops to 39.05. On the upside, there is a resistance level at 41.43. A further resistance level may holdings at 42.11. The Relative Strength Index (RSI) on the 14-day chart is 51.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.81, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.95%. Stochastics %K at 14.86% 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 2024-11-29, growing by 27903.0 shares to a total of 7.57 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 7.54 million shares. There was a rise of 0.37%, which implies that there is a positive sentiment for the stock.

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