First Financial Bankshares, Inc. (NASDAQ:FFIN - Get Free Report) Director Michael B. Denny acquired 600 shares of the business's stock in a transaction on Friday, May 3rd. The stock was purchased at an average cost of $31.21 per share, with a total value of $18,726.00. Following the acquisition, the director now directly owns 104,585 shares of the company's stock, valued at approximately $3,264,097.85. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
First Financial Bankshares Price Performance
First Financial Bankshares stock opened at $30.76 on Tuesday. 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 capitalization of $4.39 billion, a PE ratio of 21.97 and a beta of 0.83. The business has a 50 day simple moving average of $30.87 and a 200-day simple moving average of $29.37.
First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last issued its quarterly earnings results on Tuesday, April 23rd. The bank reported $0.37 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $129.63 million during the quarter, compared to analysts' expectations of $129.72 million. During the same period in the previous year, the business earned $0.39 earnings per share. The firm's revenue for the quarter was up 4.3% on a year-over-year basis. On average, equities research analysts anticipate that First Financial Bankshares, Inc. will post 1.47 EPS for the current fiscal year.
Analyst Ratings Changes
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A number of equities research analysts have recently commented 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. Stephens cut their price objective 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 boosted their price objective on First Financial Bankshares from $30.00 to $31.00 and gave the company a "market perform" rating in a research report on Friday, January 26th. One equities research analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $31.33.
Read Our Latest Report on FFIN
Institutional Trading of First Financial Bankshares
Large investors have recently made changes to their positions in the company. Semanteon Capital Management LP purchased a new stake in shares of First Financial Bankshares during the fourth quarter worth approximately $817,000. International Assets Investment Management LLC purchased a new stake in First Financial Bankshares in the 4th quarter valued at $2,965,000. Louisiana State Employees Retirement System purchased a new stake in First Financial Bankshares in the 4th quarter valued at $1,094,000. Ballentine Partners LLC purchased a new stake in First Financial Bankshares in the 4th quarter valued at $352,000. Finally, Kingsview Wealth Management LLC purchased a new stake in First Financial Bankshares in the 3rd quarter valued at $593,000. 69.78% of the stock is currently owned by hedge funds and other institutional investors.
First Financial Bankshares Company Profile
(
Get Free Report)
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.
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