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

First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Michael Denny purchased 3,245 shares of the business’s stock in a transaction dated Thursday, October 29th. The shares were acquired at an average cost of $30.76 per share, for a total transaction of $99,816.20. Following the acquisition, the director owned 9,745 shares of the company’s stock, valued at approximately $299,756.20. The trade was a 49.92% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

First Financial Bankshares Trading Down 0.5%

Shares of NASDAQ FFIN opened at $30.59 on Friday. First Financial Bankshares, Inc. has a 12-month low of $28.11 and a 12-month high of $36.52. The company has a market cap of $4.38 billion, a PE ratio of 15.07 and a beta of 0.82. The stock has a 50 day simple moving average of $32.02 and a 200-day simple moving average of $32.50.

First Financial Bankshares (NASDAQ:FFIN) last posted its earnings results on Thursday, October 15th. The bank reported $0.52 EPS for the quarter, meeting the consensus estimate of $0.52. The firm had revenue of $174.14 million for the quarter, compared to analysts’ expectations of $178.63 million. First Financial Bankshares had a return on equity of 14.91% and a net margin of 33.16%. During the same period last year, the firm earned $0.36 EPS. Sell-side analysts forecast that First Financial Bankshares, Inc. will post 2.05 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

FFIN has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $34.00 price target (down from $35.00) on shares of First Financial Bankshares in a report on Friday, October 16th. Weiss Ratings cut shares of First Financial Bankshares from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, September 25th. Seaport Research Partners raised shares of First Financial Bankshares to a “buy” rating in a report on Wednesday, October 14th. Raymond James Financial began coverage on shares of First Financial Bankshares in a report on Wednesday, October 14th. They issued a “market perform” rating for the company. Finally, Cantor Fitzgerald decreased their target price on shares of First Financial Bankshares from $35.00 to $34.00 and set a “neutral” rating for the company in a research report on Wednesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $35.20.

Institutional Trading of First Financial Bankshares

Institutional investors have recently made changes to their positions in the stock. Bridge City Capital LLC boosted its position in First Financial Bankshares by 21.4% during the third quarter. Bridge City Capital LLC now owns 117,133 shares of the bank’s stock valued at $3,718,000 after purchasing an additional 20,630 shares during the last quarter. Signaturefd LLC boosted its position in First Financial Bankshares by 11.2% during the third quarter. Signaturefd LLC now owns 7,042 shares of the bank’s stock worth $224,000 after purchasing an additional 710 shares during the period. Evergreen Capital Management LLC boosted its holdings in shares of First Financial Bankshares by 29.1% during the 3rd quarter. Evergreen Capital Management LLC now owns 20,739 shares of the bank’s stock worth $662,000 after buying an additional 4,680 shares during the period. Sterling Capital Management LLC raised its holdings in First Financial Bankshares by 109.9% in the 3rd quarter. Sterling Capital Management LLC now owns 3,485 shares of the bank’s stock worth $111,000 after acquiring an additional 1,825 shares during the period. Finally, Inspire Investing LLC increased its stake in shares of First Financial Bankshares by 1.9% in the third quarter. Inspire Investing LLC now owns 24,211 shares of the bank’s stock worth $768,000 after purchasing an additional 441 shares during the period. 69.78% of the stock is currently owned by institutional investors and hedge funds.

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.