Insider Buying: First Financial Bankshares (NASDAQ:FFIN) Director Buys $53,136.00 in Stock

First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Sally Pope Davis purchased 1,800 shares of the business’s stock in a transaction dated Friday, March 6th. The shares were acquired at an average cost of $29.52 per share, for a total transaction of $53,136.00. Following the acquisition, the director owned 10,371 shares of the company’s stock, valued at approximately $306,151.92. The trade was a 21.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

First Financial Bankshares Price Performance

FFIN stock traded up $0.18 on Monday, reaching $30.26. The company’s stock had a trading volume of 1,061,755 shares, compared to its average volume of 850,623. First Financial Bankshares, Inc. has a 52 week low of $28.89 and a 52 week high of $38.74. The company has a market capitalization of $4.33 billion, a P/E ratio of 17.10 and a beta of 0.83. The firm has a fifty day moving average of $32.19 and a two-hundred day moving average of $32.66.

First Financial Bankshares (NASDAQ:FFIN) last announced its earnings results on Friday, January 23rd. The bank reported $0.51 earnings per share for the quarter, beating the consensus estimate 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 business earned $0.43 EPS. The firm’s revenue for the quarter was up 13.1% on a year-over-year basis. As a group, equities analysts expect that First Financial Bankshares, Inc. will post 1.78 EPS for the current fiscal year.

First Financial Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Friday, March 13th. First Financial Bankshares’s payout ratio is currently 42.94%.

Hedge Funds Weigh In On First Financial Bankshares

Hedge funds have recently modified their holdings of the company. Police & Firemen s Retirement System of New Jersey lifted its holdings in shares of First Financial Bankshares by 9.1% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 31,025 shares of the bank’s stock valued at $1,116,000 after purchasing an additional 2,598 shares during the last quarter. Ameritas Advisory Services LLC increased its stake in First Financial Bankshares by 5,474.7% in the 3rd quarter. Ameritas Advisory Services LLC now owns 16,724 shares of the bank’s stock worth $563,000 after purchasing an additional 16,424 shares in the last quarter. Norges Bank acquired a new stake in First Financial Bankshares during the 2nd quarter worth about $57,680,000. Creative Planning raised its holdings in shares of First Financial Bankshares by 22.4% during the second quarter. Creative Planning now owns 83,526 shares of the bank’s stock valued at $3,005,000 after acquiring an additional 15,266 shares during the period. Finally, 1900 Wealth Management LLC lifted its position in shares of First Financial Bankshares by 296.6% in the 3rd quarter. 1900 Wealth Management LLC now owns 23,487 shares of the bank’s stock valued at $790,000 after acquiring an additional 17,565 shares in the last quarter. 69.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of First Financial Bankshares in a research report on Friday, January 9th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, First Financial Bankshares presently has a consensus rating of “Hold” and a consensus target price of $38.00.

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.