First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Acquires $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 shares were bought at an average price of $31.21 per share, with a total value of $18,726.00. Following the transaction, the director now directly owns 104,585 shares in the company, valued at approximately $3,264,097.85. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

First Financial Bankshares Stock Performance

Shares of NASDAQ:FFIN opened at $31.08 on Wednesday. First Financial Bankshares, Inc. has a one year low of $22.84 and a one year high of $33.15. The company has a 50-day simple moving average of $30.88 and a 200-day simple moving average of $29.43. The stock has a market capitalization of $4.44 billion, a price-to-earnings ratio of 22.20 and a beta of 0.83.

First Financial Bankshares (NASDAQ:FFIN) last posted its quarterly earnings data on Tuesday, April 23rd. The bank reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. The company 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%. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period last year, the firm earned $0.39 EPS. As a group, research analysts forecast that First Financial Bankshares, Inc. will post 1.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on FFIN shares. Truist Financial reduced their price target on shares of 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. Stephens decreased their target price on First Financial Bankshares from $35.00 to $31.00 and set an “equal weight” rating for the company in a research report on Friday, April 19th. Finally, Keefe, Bruyette & Woods lifted their price target on First Financial Bankshares from $30.00 to $31.00 and gave the stock a “market perform” rating in a research report on Friday, January 26th. One analyst has rated the stock with a sell rating and three have given a hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target 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 FFIN. First Command Advisory Services Inc. acquired a new stake in shares of First Financial Bankshares in the 3rd quarter worth $26,000. Lindbrook Capital LLC lifted its position in First Financial Bankshares by 134.8% in the fourth quarter. Lindbrook Capital LLC now owns 911 shares of the bank’s stock valued at $28,000 after purchasing an additional 523 shares during the period. Hexagon Capital Partners LLC lifted its position in First Financial Bankshares by 81.1% in the first quarter. Hexagon Capital Partners LLC now owns 927 shares of the bank’s stock valued at $30,000 after purchasing an additional 415 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in First Financial Bankshares in the 3rd quarter valued at approximately $40,000. Finally, Signaturefd LLC increased its position in First Financial Bankshares by 35.6% during the 3rd quarter. Signaturefd LLC now owns 2,676 shares of the bank’s stock worth $67,000 after purchasing an additional 703 shares during the period. 69.78% of the stock is currently owned by hedge funds and other institutional investors.

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.