Insider Buying: First Financial Bankshares (NASDAQ:FFIN) Director Buys $33,180.00 in Stock

First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Murray Hamilton Edwards acquired 1,000 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were bought at an average cost of $33.18 per share, with a total value of $33,180.00. Following the purchase, the director owned 44,634 shares of the company’s stock, valued at approximately $1,480,956.12. This trade represents a 2.29% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

First Financial Bankshares Stock Down 2.5%

Shares of FFIN stock opened at $32.57 on Thursday. The stock has a fifty day moving average of $32.16 and a 200 day moving average of $31.65. First Financial Bankshares, Inc. has a 52 week low of $28.11 and a 52 week high of $38.74. The firm has a market capitalization of $4.67 billion, a price-to-earnings ratio of 17.70 and a beta of 0.83.

First Financial Bankshares (NASDAQ:FFIN) last issued its quarterly earnings data on Friday, April 17th. The bank reported $0.50 EPS for the quarter, topping the consensus estimate of $0.47 by $0.03. The business had revenue of $166.89 million during the quarter, compared to analyst estimates of $166.78 million. First Financial Bankshares had a net margin of 31.00% and a return on equity of 14.20%. During the same period last year, the business posted $0.43 earnings per share. Equities research analysts anticipate that First Financial Bankshares, Inc. will post 2.04 earnings per share for the current year.

First Financial Bankshares Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Friday, June 12th will be given a dividend of $0.22 per share. This is an increase from First Financial Bankshares’s previous quarterly dividend of $0.19. This represents a $0.88 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Friday, June 12th. First Financial Bankshares’s payout ratio is 47.83%.

Analyst Upgrades and Downgrades

FFIN has been the subject of several recent research reports. Keefe, Bruyette & Woods lowered their target price on shares of First Financial Bankshares from $36.00 to $34.00 and set a “market perform” rating for the company in a report on Thursday, April 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of First Financial Bankshares in a report on Wednesday, April 8th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $37.33.

Institutional Investors Weigh In On First Financial Bankshares

Hedge funds and other institutional investors have recently made changes to their positions in the business. Olistico Wealth LLC purchased a new stake in shares of First Financial Bankshares in the 4th quarter worth $30,000. Quarry LP grew its holdings in First Financial Bankshares by 66.3% during the 3rd quarter. Quarry LP now owns 1,026 shares of the bank’s stock valued at $35,000 after buying an additional 409 shares in the last quarter. Danske Bank A S grew its holdings in shares of First Financial Bankshares by 200.0% in the fourth quarter. Danske Bank A S now owns 1,200 shares of the bank’s stock valued at $36,000 after purchasing an additional 800 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of First Financial Bankshares in the fourth quarter valued at $44,000. Finally, CIBC Private Wealth Group LLC purchased a new position in First Financial Bankshares in the third quarter worth about $50,000. Hedge funds and other institutional investors own 69.78% of the company’s stock.

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.