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

Key Points

• Director Michael Denny purchased 3,245 shares of First Financial Bankshares at an average price of $30.76, investing approximately $99,816 and increasing his direct ownership by nearly 50%.
• FFIN shares fell 1.0% to $30.45, while the bank reported quarterly EPS of $0.52—matching analyst expectations—and revenue of $174.14 million, below the $178.63 million consensus estimate.
• Analyst sentiment remains cautious, with a consensus “Hold” rating and a $35.20 price target; institutional investors own approximately 69.78% of the company.

First Financial Bankshares, Inc. (NASDAQ:FFIN - Get Free Report) Director Michael Denny purchased 3,245 shares of First Financial Bankshares stock in a transaction on Thursday, October 29th. The shares were acquired at an average price of $30.76 per share, for a total transaction of $99,816.20. Following the completion of the transaction, the director directly owned 9,745 shares of the company's stock, valued at approximately $299,756.20. The trade was a 49.92% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

First Financial Bankshares Stock Down 1.0%

Shares of First Financial Bankshares stock traded down $0.30 on Friday, hitting $30.45. The stock had a trading volume of 451,985 shares, compared to its average volume of 845,216. First Financial Bankshares, Inc. has a one year low of $28.11 and a one year high of $36.52. The stock has a market cap of $4.36 billion, a price-to-earnings ratio of 15.00 and a beta of 0.82. The stock's 50-day simple moving average is $32.09 and its two-hundred day simple moving average is $32.51.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last released its quarterly earnings data on Thursday, October 15th. The bank reported $0.52 earnings per share for the quarter, hitting the consensus estimate of $0.52. First Financial Bankshares had a return on equity of 14.91% and a net margin of 33.16%. The business had revenue of $174.14 million during the quarter, compared to analysts' expectations of $178.63 million. During the same quarter last year, the business posted $0.36 EPS. As a group, equities analysts predict that First Financial Bankshares, Inc. will post 2.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FFIN has been the subject of several recent research reports. Seaport Research Partners upgraded shares of First Financial Bankshares to a "buy" rating in a report on Wednesday, October 14th. Raymond James Financial started coverage on shares of First Financial Bankshares in a report on Wednesday, October 14th. They set a "market perform" rating on the stock. Hovde Group started coverage on First Financial Bankshares in a research report on Friday, September 11th. They set a "market perform" rating and a $36.00 price objective for the company. Weiss Ratings downgraded shares of First Financial Bankshares from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, September 25th. Finally, Cantor Fitzgerald lowered their price objective on First Financial Bankshares from $35.00 to $34.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, First Financial Bankshares has a consensus rating of "Hold" and a consensus target price of $35.20.

Institutional Trading of First Financial Bankshares

A number of institutional investors have recently bought and sold shares of FFIN. Excelsior Advisor Network LLC acquired a new stake in First Financial Bankshares in the 1st quarter worth approximately $6,903,000. Dimensional Fund Advisors LP lifted its stake in shares of First Financial Bankshares by 1.7% during the first quarter. Dimensional Fund Advisors LP now owns 2,760,965 shares of the bank's stock worth $81,309,000 after buying an additional 45,052 shares during the period. Hsbc Holdings PLC purchased a new stake in shares of First Financial Bankshares during the second quarter valued at $1,466,000. Sei Investments Co. increased its position in shares of First Financial Bankshares by 60.0% in the 1st quarter. Sei Investments Co. now owns 112,380 shares of the bank's stock valued at $3,309,000 after acquiring an additional 42,138 shares during the period. Finally, Core Capital Management & Research inc. acquired a new position in shares of First Financial Bankshares in the 2nd quarter valued at $1,381,000. 69.78% of the stock is currently owned by institutional investors.

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.

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