First Financial Bankshares (NASDAQ:FFIN) Director Michael Denny Purchases 3,245 Shares of Company Stock

First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Michael Denny acquired 3,245 shares of the business’s stock in a transaction on Thursday, October 29th. The shares were bought at an average cost of $30.76 per share, with a total value of $99,816.20. Following the completion of the acquisition, the director owned 9,745 shares in the company, valued at approximately $299,756.20. This represents a 49.92% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

First Financial Bankshares Stock Performance

FFIN stock opened at $30.59 on Friday. The company’s fifty day moving average price is $32.02 and its 200-day moving average price is $32.50. First Financial Bankshares, Inc. has a one year low of $28.11 and a one year high of $36.52. The company has a market capitalization of $4.38 billion, a PE ratio of 15.15 and a beta of 0.82.

First Financial Bankshares (NASDAQ:FFIN) last announced its quarterly earnings results on Thursday, October 15th. The bank reported $0.52 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.52. The company had revenue of $174.14 million for the quarter, compared to the consensus estimate of $178.63 million. First Financial Bankshares had a net margin of 33.16% and a return on equity of 14.91%. During the same period in the previous year, the firm posted $0.36 EPS. On average, research analysts predict that First Financial Bankshares, Inc. will post 2.05 EPS for the current fiscal year.

Institutional Investors Weigh In On First Financial Bankshares

Institutional investors have recently made changes to their positions in the company. Hsbc Holdings PLC purchased a new stake in First Financial Bankshares in the 2nd quarter valued at about $1,466,000. Core Capital Management & Research inc. purchased a new stake in First Financial Bankshares in the second quarter worth about $1,381,000. Excelsior Advisor Network LLC purchased a new stake in First Financial Bankshares in the first quarter worth about $6,903,000. Fifth Third Bancorp lifted its stake in First Financial Bankshares by 5,632.8% in the first quarter. Fifth Third Bancorp now owns 36,346 shares of the bank’s stock worth $1,070,000 after acquiring an additional 35,712 shares during the period. Finally, Sei Investments Co. grew its holdings in First Financial Bankshares by 60.0% during the 1st quarter. Sei Investments Co. now owns 112,380 shares of the bank’s stock worth $3,309,000 after acquiring an additional 42,138 shares in the last quarter. Institutional investors own 69.78% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on FFIN. Hovde Group started coverage on First Financial Bankshares in a report on Friday, September 11th. They set a “market perform” rating and a $36.00 price objective on the stock. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $34.00 target price (down from $35.00) on shares of First Financial Bankshares in a report on Friday, October 16th. Seaport Research Partners upgraded shares of First Financial Bankshares to a “buy” rating in a research report on Wednesday, October 14th. Cantor Fitzgerald decreased their price target on shares of First Financial Bankshares from $35.00 to $34.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 14th. Finally, Weiss Ratings lowered shares of First Financial Bankshares from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $35.20.

First Financial Bankshares Company Profile

First Financial Bankshares, Inc is a Texas-based financial holding company headquartered in Abilene, Texas. Through its principal subsidiary, First Financial Bank, the company provides banking and financial services to individuals, businesses, agricultural customers and public-sector organizations. The bank traces its roots to 1890 and has grown through expansion and acquisitions into a regional banking organization serving communities across Texas.

First Financial Bank offers a range of deposit products, including checking, savings, money market and certificate of deposit accounts.