First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Buys $18,726.00 in Stock

First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Michael B. Denny acquired 600 shares of First Financial Bankshares stock in a transaction dated Friday, May 3rd. The stock was bought at an average price of $31.21 per share, for a total transaction of $18,726.00. Following the completion of the transaction, the director now directly owns 104,585 shares of the company’s stock, valued at $3,264,097.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

First Financial Bankshares Price Performance

FFIN stock remained flat at $30.76 during trading on Monday. The company’s stock had a trading volume of 436,883 shares, compared to its average volume of 500,604. First Financial Bankshares, Inc. has a 1 year low of $22.84 and a 1 year high of $33.15. The firm has a market cap of $4.39 billion, a price-to-earnings ratio of 21.97 and a beta of 0.83. The firm’s 50-day simple moving average is $30.87 and its 200 day simple moving average is $29.33.

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

Institutional Trading of First Financial Bankshares

A number of hedge funds have recently made changes to their positions in FFIN. Blue Trust Inc. increased its stake in First Financial Bankshares by 1.5% in the 4th quarter. Blue Trust Inc. now owns 24,927 shares of the bank’s stock valued at $755,000 after buying an additional 379 shares during the period. SYSTM Wealth Solutions LLC increased its stake in shares of First Financial Bankshares by 17.4% in the first quarter. SYSTM Wealth Solutions LLC now owns 2,681 shares of the bank’s stock worth $88,000 after acquiring an additional 398 shares during the last quarter. Hexagon Capital Partners LLC raised its holdings in shares of First Financial Bankshares by 81.1% during the first quarter. Hexagon Capital Partners LLC now owns 927 shares of the bank’s stock worth $30,000 after acquiring an additional 415 shares in the last quarter. Retirement Systems of Alabama grew its stake in First Financial Bankshares by 0.3% in the first quarter. Retirement Systems of Alabama now owns 161,287 shares of the bank’s stock valued at $5,292,000 after purchasing an additional 426 shares in the last quarter. Finally, Ballentine Partners LLC increased its position in First Financial Bankshares by 4.5% in the 1st quarter. Ballentine Partners LLC now owns 12,130 shares of the bank’s stock worth $398,000 after purchasing an additional 521 shares during the last quarter. 69.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Stephens reduced their price objective on shares of 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 lowered their price objective on First Financial Bankshares from $34.00 to $32.00 and set a “hold” rating for the company in a research report on Monday, April 22nd. Finally, Keefe, Bruyette & Woods lifted their price target on First Financial Bankshares from $30.00 to $31.00 and gave the company a “market perform” rating in a report on Friday, January 26th. One analyst has rated the stock with a sell rating and three have given a hold rating to the company. Based on data from MarketBeat.com, First Financial Bankshares has an average rating of “Hold” and a consensus target price of $31.33.

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.