First Financial Bankshares (NASDAQ:FFIN) Director Buys $338,436.00 in Stock

First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Geoff Haney acquired 10,200 shares of the company’s stock in a transaction on Friday, February 20th. The stock was bought at an average price of $33.18 per share, for a total transaction of $338,436.00. Following the purchase, the director owned 32,146 shares in the company, valued at approximately $1,066,604.28. This trade represents a 46.48% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

First Financial Bankshares Stock Down 4.1%

Shares of First Financial Bankshares stock traded down $1.35 on Monday, hitting $31.98. 666,592 shares of the company traded hands, compared to its average volume of 812,657. First Financial Bankshares, Inc. has a 12-month low of $29.43 and a 12-month high of $38.74. The company has a market cap of $4.58 billion, a PE ratio of 18.07 and a beta of 0.86. The company has a 50-day moving average price of $32.15 and a 200 day moving average price of $32.92.

First Financial Bankshares (NASDAQ:FFIN) last issued its earnings results on Friday, January 23rd. The bank reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. First Financial Bankshares had a return on equity of 14.16% and a net margin of 30.43%.The firm had revenue of $164.72 million for the quarter, compared to the consensus estimate of $165.70 million. During the same quarter in the previous year, the company posted $0.43 earnings per share. The business’s quarterly revenue was up 13.1% compared to the same quarter last year. Equities research analysts anticipate that First Financial Bankshares, Inc. will post 1.78 EPS for the current year.

First Financial Bankshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Friday, March 13th. First Financial Bankshares’s dividend payout ratio (DPR) is presently 42.94%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on FFIN shares. Hovde Group raised shares of First Financial Bankshares from a “market perform” rating to an “outperform” rating and set a $39.00 price objective for the company in a research note on Monday, October 27th. Weiss Ratings restated a “hold (c)” rating on shares of First Financial Bankshares in a report on Friday, January 9th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $38.00.

Institutional Trading of First Financial Bankshares

Hedge funds have recently modified their holdings of the company. HHM Wealth Advisors LLC bought a new position in First Financial Bankshares in the 3rd quarter valued at $25,000. Corsicana & Co. acquired a new position in shares of First Financial Bankshares during the third quarter valued at $27,000. Olistico Wealth LLC acquired a new position in shares of First Financial Bankshares during the fourth quarter valued at $30,000. Quarry LP increased its position in First Financial Bankshares by 66.3% in the third quarter. Quarry LP now owns 1,026 shares of the bank’s stock worth $35,000 after purchasing an additional 409 shares during the period. Finally, Danske Bank A S raised its holdings in First Financial Bankshares by 200.0% during the 4th quarter. Danske Bank A S now owns 1,200 shares of the bank’s stock worth $36,000 after purchasing an additional 800 shares during the last quarter. Institutional investors and hedge funds own 69.78% of the company’s stock.

About First Financial Bankshares

First Financial Bankshares, Inc is a regional bank holding company headquartered in Cincinnati, Ohio. Through its primary subsidiary, First Financial Bank, the company offers a full suite of banking products and services to individual, small business and commercial clients. With roots dating back to 1863, First Financial has cultivated a strong community banking heritage, combining personalized service with modern financial solutions.

The company’s core business activities include commercial and consumer lending, deposit products, treasury management, mortgage origination and servicing, and wealth management.