Michael B. Denny Buys 5,000 Shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) Stock

First Financial Bankshares, Inc. (NASDAQ:FFIN - Get Free Report) Director Michael B. Denny bought 5,000 shares of the firm's stock in a transaction dated Friday, June 13th. The stock was bought at an average cost of $36.02 per share, with a total value of $180,100.00. Following the transaction, the director now directly owns 108,708 shares of the company's stock, valued at approximately $3,915,662.16. This trade represents a 4.82% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

First Financial Bankshares Price Performance

FFIN traded up $0.12 on Monday, reaching $35.68. The company's stock had a trading volume of 643,489 shares, compared to its average volume of 549,847. The stock has a market cap of $5.10 billion, a price-to-earnings ratio of 22.87 and a beta of 0.87. First Financial Bankshares, Inc. has a 1 year low of $27.69 and a 1 year high of $44.66. The business's 50 day moving average is $34.55 and its 200 day moving average is $36.10.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The bank reported $0.43 EPS for the quarter, meeting analysts' consensus estimates of $0.43. The firm had revenue of $149.02 million during the quarter, compared to the consensus estimate of $149.48 million. First Financial Bankshares had a return on equity of 14.24% and a net margin of 29.69%. As a group, research analysts forecast that First Financial Bankshares, Inc. will post 1.78 earnings per share for the current fiscal year.

First Financial Bankshares Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 16th will be issued a $0.19 dividend. The ex-dividend date is Monday, June 16th. This represents a $0.76 dividend on an annualized basis and a yield of 2.13%. This is an increase from First Financial Bankshares's previous quarterly dividend of $0.18. First Financial Bankshares's dividend payout ratio is currently 46.91%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of FFIN. Van ECK Associates Corp purchased a new position in First Financial Bankshares in the fourth quarter valued at about $3,504,000. Strategic Financial Concepts LLC raised its stake in First Financial Bankshares by 3.0% during the fourth quarter. Strategic Financial Concepts LLC now owns 80,190 shares of the bank's stock valued at $2,891,000 after buying an additional 2,373 shares in the last quarter. Monument Capital Management raised its stake in First Financial Bankshares by 16.9% during the fourth quarter. Monument Capital Management now owns 8,839 shares of the bank's stock valued at $319,000 after buying an additional 1,277 shares in the last quarter. Atria Wealth Solutions Inc. raised its stake in First Financial Bankshares by 26.4% during the fourth quarter. Atria Wealth Solutions Inc. now owns 43,335 shares of the bank's stock valued at $1,567,000 after buying an additional 9,056 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in First Financial Bankshares during the fourth quarter valued at approximately $402,000. Hedge funds and other institutional investors own 69.78% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods decreased their target price on First Financial Bankshares from $38.00 to $36.00 and set a "market perform" rating for the company in a research report on Monday, April 21st. Hovde Group decreased their target price on First Financial Bankshares from $40.00 to $38.00 and set a "market perform" rating for the company in a research report on Monday, April 21st.

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.