First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Michael B. Denny Acquires 600 Shares of Stock

First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Michael B. Denny bought 600 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were acquired at an average price of $31.21 per share, for a total transaction of $18,726.00. Following the completion of the purchase, the director now owns 104,585 shares in the company, valued at approximately $3,264,097.85. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

First Financial Bankshares Stock Performance

Shares of First Financial Bankshares stock opened at $30.76 on Tuesday. First Financial Bankshares, Inc. has a one year low of $22.84 and a one year high of $33.15. The stock’s fifty day moving average is $30.87 and its 200 day moving average is $29.37. The stock has a market cap of $4.39 billion, a P/E ratio of 21.97 and a beta of 0.83.

First Financial Bankshares (NASDAQ:FFIN) last announced its earnings results on Tuesday, April 23rd. The bank reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. First Financial Bankshares had a return on equity of 14.28% and a net margin of 30.03%. The company had revenue of $129.63 million for the quarter, compared to analysts’ expectations of $129.72 million. During the same period last year, the firm earned $0.39 EPS. First Financial Bankshares’s revenue for the quarter was up 4.3% compared to the same quarter last year. Analysts predict that First Financial Bankshares, Inc. will post 1.47 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently issued reports on FFIN. Stephens dropped their price target on First Financial Bankshares from $35.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Friday, April 19th. Truist Financial dropped their price target on First Financial Bankshares from $34.00 to $32.00 and set a “hold” rating on the stock in a research note on Monday, April 22nd. Finally, Keefe, Bruyette & Woods raised their price target on First Financial Bankshares from $30.00 to $31.00 and gave the stock a “market perform” rating in a research note on Friday, January 26th. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $31.33.

Institutional Investors Weigh In On First Financial Bankshares

A number of institutional investors and hedge funds have recently bought and sold shares of FFIN. Cambridge Investment Research Advisors Inc. raised its holdings in First Financial Bankshares by 5.4% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 48,387 shares of the bank’s stock valued at $1,215,000 after acquiring an additional 2,500 shares during the period. Raymond James & Associates raised its holdings in First Financial Bankshares by 2.4% during the third quarter. Raymond James & Associates now owns 52,364 shares of the bank’s stock valued at $1,315,000 after acquiring an additional 1,234 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in First Financial Bankshares by 18.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,713 shares of the bank’s stock valued at $696,000 after acquiring an additional 4,251 shares during the period. Inspire Investing LLC raised its holdings in First Financial Bankshares by 12.0% during the third quarter. Inspire Investing LLC now owns 13,876 shares of the bank’s stock valued at $349,000 after acquiring an additional 1,489 shares during the period. Finally, Allspring Global Investments Holdings LLC bought a new stake in First Financial Bankshares during the third quarter valued at about $40,000. 69.78% of the stock is owned by institutional investors.

About First Financial Bankshares

First Financial Bankshares, Inc, through its subsidiaries, provides commercial banking products and services in Texas. The company offers checking, savings and time deposits; automated teller machines, drive-in, and night deposit services; safe deposit facilities, remote deposit capture, internet banking, mobile banking, payroll cards, funds transfer, and performing other customary commercial banking services; securities brokerage services; and trust and wealth management services, including wealth management, estates administration, oil and gas management, testamentary trusts, revocable and irrevocable trusts, and agency accounts.