Geoff Haney Buys 1,500 Shares of First Financial Bankshares (NASDAQ:FFIN) Stock

First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Geoff Haney acquired 1,500 shares of First Financial Bankshares stock in a transaction dated Thursday, March 12th. The shares were bought at an average cost of $29.18 per share, with a total value of $43,770.00. Following the transaction, the director owned 33,646 shares in the company, valued at approximately $981,790.28. This trade represents a 4.67% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Geoff Haney also recently made the following trade(s):

• On Friday, February 20th, Geoff Haney bought 10,200 shares of First Financial Bankshares stock. The shares were bought at an average cost of $33.18 per share, for a total transaction of $338,436.00.

First Financial Bankshares Stock Down 0.6%

NASDAQ:FFIN traded down $0.19 during trading hours on Friday, reaching $29.43. The company had a trading volume of 355,755 shares, compared to its average volume of 841,096. First Financial Bankshares, Inc. has a twelve month low of $28.54 and a twelve month high of $38.74. The firm has a market cap of $4.21 billion, a price-to-earnings ratio of 16.63 and a beta of 0.83. The business’s 50-day simple moving average is $32.18 and its two-hundred day simple moving average is $32.53.

First Financial Bankshares (NASDAQ:FFIN) last released its quarterly earnings data on Friday, January 23rd. The bank reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. First Financial Bankshares had a net margin of 30.43% and a return on equity of 14.16%. The company had revenue of $164.72 million for the quarter, compared to analysts’ expectations of $165.70 million. During the same quarter in the prior year, the firm earned $0.43 EPS. The business’s revenue was up 13.1% on a year-over-year basis. As a group, equities analysts predict that First Financial Bankshares, Inc. will post 1.78 earnings per share for the current year.

First Financial Bankshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be issued a dividend of $0.19 per share. The ex-dividend date is Friday, March 13th. This represents a $0.76 annualized dividend and a dividend yield of 2.6%. First Financial Bankshares’s payout ratio is currently 42.94%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of First Financial Bankshares in a research note 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 MarketBeat, First Financial Bankshares presently has a consensus rating of “Hold” and a consensus price target of $38.00.

Institutional Investors Weigh In On First Financial Bankshares

A number of institutional investors and hedge funds have recently bought and sold shares of FFIN. Northwestern Mutual Wealth Management Co. grew its position in First Financial Bankshares by 3,042,660.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 21,512,315 shares of the bank’s stock worth $642,573,000 after purchasing an additional 21,511,608 shares in the last quarter. Norges Bank purchased a new position in shares of First Financial Bankshares in the 4th quarter worth approximately $51,227,000. Millennium Management LLC boosted its stake in shares of First Financial Bankshares by 4,145.8% in the 4th quarter. Millennium Management LLC now owns 1,709,631 shares of the bank’s stock worth $51,067,000 after buying an additional 1,669,365 shares during the last quarter. Invesco Ltd. increased its position in shares of First Financial Bankshares by 170.9% during the second quarter. Invesco Ltd. now owns 1,101,028 shares of the bank’s stock valued at $39,615,000 after acquiring an additional 694,534 shares during the last quarter. Finally, Tudor Investment Corp ET AL lifted its holdings in First Financial Bankshares by 460.0% during the fourth quarter. Tudor Investment Corp ET AL now owns 503,246 shares of the bank’s stock worth $15,032,000 after acquiring an additional 413,376 shares during the period. 69.78% of the stock is owned by hedge funds and other institutional investors.

First Financial Bankshares Company Profile

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.