Ronald David Butler II Sells 15,000 Shares of First Financial Bankshares (NASDAQ:FFIN) Stock

First Financial Bankshares, Inc. (NASDAQ:FFIN) CAO Ronald David Butler II sold 15,000 shares of First Financial Bankshares stock in a transaction on Monday, August 17th. The shares were sold at an average price of $34.95, for a total value of $524,250.00. Following the transaction, the chief accounting officer owned 152,223 shares in the company, valued at $5,320,193.85. This represents a 8.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

First Financial Bankshares Trading Down 1.5%

Shares of First Financial Bankshares stock opened at $34.12 on Thursday. The stock has a 50-day moving average price of $34.56 and a 200 day moving average price of $32.67. The company has a market cap of $4.89 billion, a P/E ratio of 18.25 and a beta of 0.81. First Financial Bankshares, Inc. has a 1 year low of $28.11 and a 1 year high of $38.12.

First Financial Bankshares (NASDAQ:FFIN) last released its earnings results on Friday, July 17th. The bank reported $0.50 earnings per share for the quarter, meeting the consensus estimate of $0.50. The company had revenue of $172.76 million for the quarter, compared to analysts’ expectations of $173.03 million. First Financial Bankshares had a return on equity of 14.00% and a net margin of 31.03%.During the same quarter in the previous year, the business posted $0.47 EPS. On average, equities analysts forecast that First Financial Bankshares, Inc. will post 2.04 earnings per share for the current fiscal year.

First Financial Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Monday, September 14th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Monday, September 14th. First Financial Bankshares’s dividend payout ratio (DPR) is currently 47.06%.

Analyst Ratings Changes

FFIN has been the topic of several research reports. Cantor Fitzgerald reiterated a “neutral” rating and issued a $35.00 price objective (up from $34.00) on shares of First Financial Bankshares in a research note on Wednesday, July 15th. Weiss Ratings upgraded shares of First Financial Bankshares from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 3rd. Finally, Benchmark started coverage on shares of First Financial Bankshares in a research note on Wednesday, June 24th. They issued a “buy” rating and a $39.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, First Financial Bankshares presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.75.

Institutional Trading of First Financial Bankshares

A number of institutional investors have recently added to or reduced their stakes in FFIN. Royal Bank of Canada raised its holdings in shares of First Financial Bankshares by 10.8% during the 1st quarter. Royal Bank of Canada now owns 64,287 shares of the bank’s stock valued at $2,309,000 after purchasing an additional 6,290 shares in the last quarter. AQR Capital Management LLC increased its position in First Financial Bankshares by 51.3% during the first quarter. AQR Capital Management LLC now owns 118,437 shares of the bank’s stock worth $4,228,000 after buying an additional 40,173 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in First Financial Bankshares by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 77,474 shares of the bank’s stock valued at $2,783,000 after buying an additional 3,382 shares in the last quarter. Empowered Funds LLC acquired a new stake in shares of First Financial Bankshares in the first quarter worth about $1,760,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of First Financial Bankshares by 17.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 396,513 shares of the bank’s stock worth $14,243,000 after buying an additional 59,416 shares during the last quarter. 69.78% of the stock is currently owned by institutional investors and hedge funds.

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.