Michelle S. Hickox Buys 600 Shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) Stock

First Financial Bankshares, Inc. (NASDAQ:FFIN) CFO Michelle S. Hickox bought 600 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was purchased at an average cost of $26.25 per share, for a total transaction of $15,750.00. Following the completion of the transaction, the chief financial officer now directly owns 17,363 shares of the company’s stock, valued at approximately $455,778.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

First Financial Bankshares Stock Down 0.4 %

FFIN stock traded down $0.12 during trading on Monday, reaching $27.17. The company’s stock had a trading volume of 237,552 shares, compared to its average volume of 565,062. First Financial Bankshares, Inc. has a 1 year low of $22.84 and a 1 year high of $38.24. The company has a market capitalization of $3.88 billion, a P/E ratio of 18.25 and a beta of 0.81. The company’s fifty day moving average is $25.12 and its 200-day moving average is $27.61.

First Financial Bankshares (NASDAQ:FFIN) last issued its quarterly earnings results on Thursday, October 19th. The bank reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). First Financial Bankshares had a return on equity of 16.14% and a net margin of 34.05%. The business had revenue of $125.04 million during the quarter, compared to analysts’ expectations of $128.70 million. Analysts anticipate that First Financial Bankshares, Inc. will post 1.4 earnings per share for the current year.

First Financial Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th will be paid a $0.18 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.72 dividend on an annualized basis and a yield of 2.65%. First Financial Bankshares’s payout ratio is presently 48.32%.

Analysts Set New Price Targets

FFIN has been the topic of several research reports. StockNews.com initiated coverage on First Financial Bankshares in a research report on Thursday, October 5th. They issued a “sell” rating on the stock. Stephens cut their price target on First Financial Bankshares from $28.00 to $26.00 and set an “equal weight” rating for the company in a report on Friday, October 20th. Finally, Truist Financial cut their price target on First Financial Bankshares from $33.00 to $27.00 and set a “hold” rating for the company in a report on Wednesday, September 27th.

Institutional Trading of First Financial Bankshares

Institutional investors and hedge funds have recently bought and sold shares of the stock. First Command Advisory Services Inc. purchased a new stake in First Financial Bankshares during the third quarter valued at $26,000. Massmutual Trust Co. FSB ADV raised its stake in First Financial Bankshares by 356.3% during the third quarter. Massmutual Trust Co. FSB ADV now owns 1,241 shares of the bank’s stock valued at $31,000 after purchasing an additional 969 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in First Financial Bankshares during the third quarter valued at $40,000. Dark Forest Capital Management LP raised its stake in First Financial Bankshares by 200.9% during the first quarter. Dark Forest Capital Management LP now owns 2,022 shares of the bank’s stock valued at $65,000 after purchasing an additional 1,350 shares in the last quarter. Finally, Signaturefd LLC lifted its position in First Financial Bankshares by 35.6% in the third quarter. Signaturefd LLC now owns 2,676 shares of the bank’s stock worth $67,000 after buying an additional 703 shares during the last quarter. 54.14% of the stock is currently owned by institutional investors.

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.