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

First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Michael B. Denny bought 600 shares of the stock in a transaction on Friday, May 3rd. The stock was purchased at an average price of $31.21 per share, for a total transaction of $18,726.00. Following the completion of the purchase, the director now owns 104,585 shares of the company’s stock, valued at $3,264,097.85. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

First Financial Bankshares Stock Down 0.7 %

NASDAQ:FFIN opened at $30.87 on Thursday. The firm has a market capitalization of $4.41 billion, a P/E ratio of 22.05 and a beta of 0.83. The company has a fifty day moving average of $30.89 and a 200 day moving average of $29.44. First Financial Bankshares, Inc. has a 52 week low of $22.84 and a 52 week high of $33.15.

First Financial Bankshares (NASDAQ:FFIN) last released its quarterly earnings data on Tuesday, April 23rd. The bank reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.02. The firm had revenue of $129.63 million for the quarter, compared to analysts’ expectations of $129.72 million. First Financial Bankshares had a net margin of 30.03% and a return on equity of 14.28%. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.39 earnings per share. As a group, analysts anticipate that First Financial Bankshares, Inc. will post 1.47 EPS for the current year.

First Financial Bankshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date is Friday, June 14th. First Financial Bankshares’s payout ratio is 51.43%.

Institutional Investors Weigh In On First Financial Bankshares

Several institutional investors and hedge funds have recently bought and sold shares of FFIN. First Financial Bankshares Inc bought a new position in shares of First Financial Bankshares during the fourth quarter valued at approximately $553,577,000. Vanguard Group Inc. lifted its position in shares of First Financial Bankshares by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 14,465,552 shares of the bank’s stock worth $438,306,000 after purchasing an additional 120,252 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of First Financial Bankshares by 1.4% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,615,353 shares of the bank’s stock valued at $90,818,000 after purchasing an additional 50,774 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in First Financial Bankshares by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,365,643 shares of the bank’s stock worth $71,685,000 after buying an additional 49,701 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of First Financial Bankshares by 3.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,568,765 shares of the bank’s stock worth $47,534,000 after acquiring an additional 46,164 shares in the last quarter. Hedge funds and other institutional investors own 69.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on FFIN. Keefe, Bruyette & Woods upped their target price on First Financial Bankshares from $30.00 to $31.00 and gave the stock a “market perform” rating in a research note on Friday, January 26th. Stephens lowered their target price on shares of First Financial Bankshares from $35.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Friday, April 19th. Finally, Truist Financial cut 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 note on Monday, April 22nd. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $31.33.

First Financial Bankshares Company Profile

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.