Insider Selling: First Financial Bankshares, Inc. (FFIN) Director Sells 7,362 Shares of Stock

First Financial Bankshares, Inc. (NASDAQ:FFIN) Director David L. Copeland sold 7,362 shares of First Financial Bankshares stock in a transaction dated Wednesday, May 2nd. The stock was sold at an average price of $50.68, for a total value of $373,106.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shares of FFIN traded down $0.10 during midday trading on Thursday, reaching $52.35. 956 shares of the stock were exchanged, compared to its average volume of 181,069. First Financial Bankshares, Inc. has a twelve month low of $51.90 and a twelve month high of $52.35. The stock has a market capitalization of $3.53 billion, a P/E ratio of 29.80 and a beta of 1.26.

First Financial Bankshares (NASDAQ:FFIN) last posted its earnings results on Thursday, April 19th. The bank reported $0.51 EPS for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.04. The business had revenue of $89.87 million for the quarter, compared to analysts’ expectations of $89.40 million. First Financial Bankshares had a return on equity of 12.63% and a net margin of 36.61%. During the same quarter in the previous year, the firm earned $0.40 earnings per share. equities research analysts forecast that First Financial Bankshares, Inc. will post 2.05 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 2nd. Investors of record on Friday, June 15th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.60%. The ex-dividend date is Thursday, June 14th. This is a boost from First Financial Bankshares’s previous quarterly dividend of $0.19. First Financial Bankshares’s payout ratio is 44.71%.

A number of analysts have issued reports on the company. BidaskClub raised First Financial Bankshares from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Zacks Investment Research cut First Financial Bankshares from a “hold” rating to a “strong sell” rating in a research report on Monday, March 12th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $47.00 target price on shares of First Financial Bankshares in a research report on Tuesday, February 27th. Hovde Group set a $46.00 target price on First Financial Bankshares and gave the stock a “hold” rating in a research report on Monday, January 29th. Finally, Sandler O’Neill reiterated a “sell” rating and set a $40.00 target price on shares of First Financial Bankshares in a research report on Friday, January 26th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $44.71.

A number of hedge funds have recently modified their holdings of FFIN. Dimensional Fund Advisors LP increased its position in First Financial Bankshares by 5.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,138,840 shares of the bank’s stock valued at $51,475,000 after acquiring an additional 60,011 shares during the period. California Public Employees Retirement System increased its position in First Financial Bankshares by 4.1% in the 3rd quarter. California Public Employees Retirement System now owns 141,411 shares of the bank’s stock valued at $6,392,000 after acquiring an additional 5,511 shares during the period. Louisiana State Employees Retirement System increased its position in First Financial Bankshares by 6.3% in the 4th quarter. Louisiana State Employees Retirement System now owns 28,500 shares of the bank’s stock valued at $1,284,000 after acquiring an additional 1,700 shares during the period. Schwab Charles Investment Management Inc. increased its position in First Financial Bankshares by 5.4% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 362,361 shares of the bank’s stock valued at $16,325,000 after acquiring an additional 18,597 shares during the period. Finally, Aperio Group LLC increased its position in First Financial Bankshares by 13.9% in the 4th quarter. Aperio Group LLC now owns 18,057 shares of the bank’s stock valued at $813,000 after acquiring an additional 2,210 shares during the period. Hedge funds and other institutional investors own 50.94% of the company’s stock.

About First Financial Bankshares

First Financial Bankshares, Inc, through its subsidiaries, provides commercial banking products and services primarily in Texas. The company accepts checking, savings, and time deposits; and offers real estate, commercial, agricultural, and consumer loans to businesses, professionals, individuals, and farm and ranch operations.

Insider Buying and Selling by Quarter for First Financial Bankshares (NASDAQ:FFIN)

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