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

First Financial Bankshares, Inc. (NASDAQ:FFIN - Get Free Report) Director Michael B. Denny bought 600 shares of the company's stock in a transaction dated Friday, May 3rd. The shares were acquired at an average cost of $31.21 per share, for a total transaction of $18,726.00. Following the completion of the transaction, the director now owns 104,585 shares of the company's stock, valued at approximately $3,264,097.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

First Financial Bankshares Price Performance

FFIN stock remained flat at $30.76 during midday trading on Monday. The company's stock had a trading volume of 436,883 shares, compared to its average volume of 500,604. The stock's fifty day moving average price is $30.87 and its 200 day moving average price is $29.37. First Financial Bankshares, Inc. has a 12 month low of $22.84 and a 12 month high of $33.15. The stock has a market cap of $4.39 billion, a price-to-earnings ratio of 21.97 and a beta of 0.83.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last issued its earnings results on Tuesday, April 23rd. The bank reported $0.37 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $129.72 million. During the same period in the previous year, the firm posted $0.39 earnings per share. First Financial Bankshares's quarterly revenue was up 4.3% compared to the same quarter last year. As a group, analysts anticipate that First Financial Bankshares, Inc. will post 1.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Truist Financial dropped their target price on First Financial Bankshares from $34.00 to $32.00 and set a "hold" rating on the stock in a research report on Monday, April 22nd. Keefe, Bruyette & Woods boosted their price objective 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. Finally, Stephens lowered their price objective on First Financial Bankshares from $35.00 to $31.00 and set an "equal weight" rating for the company in a report on Friday, April 19th. One research analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. Based on data from MarketBeat.com, First Financial Bankshares currently has a consensus rating of "Hold" and a consensus target price of $31.33.

Hedge Funds Weigh In On First Financial Bankshares

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Envestnet Portfolio Solutions Inc. boosted its position in shares of First Financial Bankshares by 10.3% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 10,243 shares of the bank's stock worth $336,000 after buying an additional 955 shares during the period. Texas Permanent School Fund Corp boosted its position in shares of First Financial Bankshares by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 112,408 shares of the bank's stock worth $3,688,000 after buying an additional 1,455 shares during the period. BNP Paribas Financial Markets boosted its position in shares of First Financial Bankshares by 31.4% during the first quarter. BNP Paribas Financial Markets now owns 131,220 shares of the bank's stock worth $4,305,000 after buying an additional 31,386 shares during the period. Blue Trust Inc. boosted its position in shares of First Financial Bankshares by 2.2% during the first quarter. Blue Trust Inc. now owns 25,470 shares of the bank's stock worth $836,000 after buying an additional 543 shares during the period. Finally, Retirement Systems of Alabama boosted its position in shares of First Financial Bankshares by 0.3% during the first quarter. Retirement Systems of Alabama now owns 161,287 shares of the bank's stock worth $5,292,000 after buying an additional 426 shares during the period. 69.78% of the stock is currently owned by institutional investors and hedge funds.

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.