First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Buys $101,625.00 in Stock

First Financial Bankshares, Inc. (NASDAQ:FFINGet Rating) Director Michael B. Denny bought 2,500 shares of the stock in a transaction that occurred on Thursday, May 19th. The shares were bought at an average cost of $40.65 per share, with a total value of $101,625.00. Following the completion of the transaction, the director now owns 85,958 shares in the company, valued at $3,494,192.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of FFIN stock traded down $0.59 during mid-day trading on Friday, hitting $39.40. The company’s stock had a trading volume of 17,889 shares, compared to its average volume of 505,874. The company’s fifty day simple moving average is $42.86 and its 200-day simple moving average is $47.62. First Financial Bankshares, Inc. has a 52 week low of $39.60 and a 52 week high of $55.00. The company has a market cap of $5.62 billion, a PE ratio of 24.92 and a beta of 0.86.

First Financial Bankshares (NASDAQ:FFINGet Rating) last issued its earnings results on Thursday, April 21st. The bank reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. First Financial Bankshares had a return on equity of 13.52% and a net margin of 43.17%. The business had revenue of $134.10 million during the quarter, compared to analyst estimates of $129.97 million. On average, equities analysts forecast that First Financial Bankshares, Inc. will post 1.55 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 1st. Investors of record on Thursday, June 16th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.73%. This is a positive change from First Financial Bankshares’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Wednesday, June 15th. First Financial Bankshares’s payout ratio is presently 37.97%.

Several brokerages recently issued reports on FFIN. StockNews.com raised First Financial Bankshares from a “sell” rating to a “hold” rating in a research report on Saturday, April 30th. Zacks Investment Research raised First Financial Bankshares from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research report on Wednesday, April 27th.

A number of institutional investors have recently modified their holdings of the stock. Comerica Bank boosted its stake in First Financial Bankshares by 0.4% during the 4th quarter. Comerica Bank now owns 58,241 shares of the bank’s stock valued at $2,889,000 after purchasing an additional 250 shares during the last quarter. Los Angeles Capital Management LLC boosted its stake in First Financial Bankshares by 2.7% during the 1st quarter. Los Angeles Capital Management LLC now owns 10,374 shares of the bank’s stock valued at $458,000 after purchasing an additional 272 shares during the last quarter. Crossmark Global Holdings Inc. boosted its stake in First Financial Bankshares by 2.5% during the 4th quarter. Crossmark Global Holdings Inc. now owns 11,590 shares of the bank’s stock valued at $589,000 after purchasing an additional 280 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in First Financial Bankshares by 0.9% during the 4th quarter. Louisiana State Employees Retirement System now owns 33,000 shares of the bank’s stock valued at $1,678,000 after purchasing an additional 300 shares during the last quarter. Finally, CWM LLC boosted its stake in First Financial Bankshares by 1.0% during the 1st quarter. CWM LLC now owns 31,563 shares of the bank’s stock valued at $1,393,000 after purchasing an additional 315 shares during the last quarter. 53.35% of the stock is owned by institutional investors and hedge funds.

First Financial Bankshares Company Profile (Get Rating)

First Financial Bankshares, Inc, through its subsidiaries, provides commercial banking products and services in Texas. The company accepts checking, savings and money market accounts, and time deposits; commercial and industrial, municipal, agricultural, construction and development, farm, non-owner occupied and owner-occupied commercial real estate, residential, and consumer auto and non-auto loans to businesses, professional individuals, and farm and ranch operations.

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