First Financial Bankshares (NASDAQ:FFIN) CFO Michelle Hickox Buys 1,000 Shares of Stock

First Financial Bankshares, Inc. (NASDAQ:FFIN) CFO Michelle Hickox bought 1,000 shares of the firm’s stock in a transaction on Monday, March 9th. The stock was purchased at an average cost of $29.50 per share, for a total transaction of $29,500.00. Following the completion of the acquisition, the chief financial officer owned 11,861 shares in the company, valued at approximately $349,899.50. This trade represents a 9.21% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

First Financial Bankshares Stock Performance

Shares of First Financial Bankshares stock traded down $0.56 on Wednesday, reaching $29.83. 438,454 shares of the stock were exchanged, compared to its average volume of 839,820. The firm has a market cap of $4.27 billion, a PE ratio of 16.87 and a beta of 0.83. The firm’s 50 day moving average is $32.18 and its 200-day moving average is $32.57. First Financial Bankshares, Inc. has a one year low of $28.89 and a one year high of $38.74.

First Financial Bankshares (NASDAQ:FFIN) last announced its quarterly earnings data on Friday, January 23rd. The bank reported $0.51 earnings per share (EPS) for the quarter, beating 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 business had revenue of $164.72 million for the quarter, compared to analysts’ expectations of $165.70 million. During the same period last year, the firm posted $0.43 earnings per share. The firm’s quarterly revenue was up 13.1% compared to the same quarter last year. On average, equities research analysts expect that First Financial Bankshares, Inc. will post 1.78 EPS for the current fiscal year.

First Financial Bankshares Announces Dividend

The firm also recently declared 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 of this dividend is Friday, March 13th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.5%. First Financial Bankshares’s payout ratio is 42.94%.

Institutional Trading of First Financial Bankshares

A number of hedge funds have recently added to or reduced their stakes in FFIN. HHM Wealth Advisors LLC acquired a new position in shares of First Financial Bankshares during the third quarter worth $25,000. Corsicana & Co. bought a new stake in First Financial Bankshares during the 3rd quarter worth $27,000. Olistico Wealth LLC acquired a new position in First Financial Bankshares in the 4th quarter worth about $30,000. Quarry LP increased its holdings in First Financial Bankshares by 66.3% in the 3rd quarter. Quarry LP now owns 1,026 shares of the bank’s stock worth $35,000 after purchasing an additional 409 shares in the last quarter. Finally, Danske Bank A S raised its position in 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 during the last quarter. Institutional investors and hedge funds own 69.78% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of First Financial Bankshares in a research note on Friday, January 9th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $38.00.

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.