Michael B. Denny Sells 7,000 Shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) Stock

First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Michael B. Denny sold 7,000 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $41.12, for a total transaction of $287,840.00. Following the transaction, the director now directly owns 101,085 shares in the company, valued at $4,156,615.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

First Financial Bankshares Trading Up 1.1 %

Shares of FFIN opened at $41.30 on Friday. The firm has a market capitalization of $5.90 billion, a PE ratio of 28.48 and a beta of 0.78. The stock’s 50 day moving average is $37.04 and its two-hundred day moving average is $33.74. First Financial Bankshares, Inc. has a twelve month low of $24.22 and a twelve month high of $42.02.

First Financial Bankshares (NASDAQ:FFIN) last announced its quarterly earnings data on Thursday, October 17th. The bank reported $0.39 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.39. First Financial Bankshares had a return on equity of 13.43% and a net margin of 28.76%. The firm had revenue of $142.10 million for the quarter, compared to analyst estimates of $140.25 million. On average, sell-side analysts predict that First Financial Bankshares, Inc. will post 1.52 EPS for the current year.

First Financial Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be issued a $0.18 dividend. The ex-dividend date is Thursday, December 12th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.74%. First Financial Bankshares’s dividend payout ratio is presently 49.66%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on FFIN shares. Hovde Group raised their price target on First Financial Bankshares from $34.50 to $40.00 and gave the stock a “market perform” rating in a report on Monday, October 21st. Truist Financial increased their price objective on First Financial Bankshares from $39.00 to $40.00 and gave the stock a “hold” rating in a research report on Friday, September 20th. Finally, Stephens boosted their target price on First Financial Bankshares from $37.00 to $40.00 and gave the company an “equal weight” rating in a report on Friday, October 18th.

Institutional Trading of First Financial Bankshares

A number of institutional investors have recently added to or reduced their stakes in FFIN. Strategic Financial Concepts LLC increased its holdings in First Financial Bankshares by 3,632.9% in the second quarter. Strategic Financial Concepts LLC now owns 2,992,894 shares of the bank’s stock valued at $884,000 after buying an additional 2,912,718 shares in the last quarter. Champlain Investment Partners LLC increased its stake in First Financial Bankshares by 27.6% in the 1st quarter. Champlain Investment Partners LLC now owns 3,334,349 shares of the bank’s stock valued at $109,400,000 after purchasing an additional 720,820 shares in the last quarter. Vanguard Group Inc. increased its stake in First Financial Bankshares by 3.4% in the 1st quarter. Vanguard Group Inc. now owns 14,956,322 shares of the bank’s stock valued at $490,717,000 after purchasing an additional 490,770 shares in the last quarter. Emerald Advisers LLC acquired a new position in First Financial Bankshares during the third quarter worth $8,235,000. Finally, Cubist Systematic Strategies LLC boosted its position in First Financial Bankshares by 10,296.3% during the second quarter. Cubist Systematic Strategies LLC now owns 189,732 shares of the bank’s stock worth $5,603,000 after purchasing an additional 187,907 shares in the last quarter. Hedge funds and other institutional investors own 69.78% of the company’s stock.

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.