First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Purchases $23,220.00 in Stock

First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Murray Hamilton Edwards purchased 750 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were purchased at an average cost of $30.96 per share, for a total transaction of $23,220.00. Following the completion of the acquisition, the director now directly owns 41,584 shares of the company’s stock, valued at approximately $1,287,440.64. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

First Financial Bankshares Price Performance

Shares of NASDAQ:FFIN opened at $30.76 on Thursday. First Financial Bankshares, Inc. has a 1 year low of $22.84 and a 1 year high of $33.15. The firm has a market capitalization of $4.39 billion, a PE ratio of 22.05 and a beta of 0.83. The business’s 50 day moving average price is $30.89 and its 200-day moving average price is $29.44.

First Financial Bankshares (NASDAQ:FFIN) last announced its earnings results on Tuesday, April 23rd. The bank reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.02. The company had revenue of $129.63 million for the quarter, compared to analysts’ expectations of $129.72 million. First Financial Bankshares had a net margin of 30.03% and a return on equity of 14.28%. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.39 EPS. As a group, analysts expect that First Financial Bankshares, Inc. will post 1.47 earnings per share for the current year.

First Financial Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date is Friday, June 14th. First Financial Bankshares’s dividend payout ratio (DPR) is 51.43%.

Wall Street Analysts Forecast Growth

FFIN has been the topic of a number of analyst reports. Stephens dropped their target price on First Financial Bankshares from $35.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Friday, April 19th. Truist Financial decreased their target price on First Financial Bankshares from $34.00 to $32.00 and set a “hold” rating on the stock in a research report on Monday, April 22nd. Finally, Keefe, Bruyette & Woods boosted their price target on shares of First Financial Bankshares from $30.00 to $31.00 and gave the stock a “market perform” rating in a report on Friday, January 26th. One equities research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $31.33.

Institutional Investors Weigh In On First Financial Bankshares

Large investors have recently made changes to their positions in the stock. First Financial Bankshares Inc acquired a new position in shares of First Financial Bankshares during the 4th quarter valued at about $553,577,000. Norges Bank acquired a new stake in shares of First Financial Bankshares during the 4th quarter worth approximately $42,435,000. Great Lakes Advisors LLC purchased a new stake in shares of First Financial Bankshares during the 3rd quarter valued at approximately $3,484,000. Natixis Advisors L.P. lifted its holdings in First Financial Bankshares by 39.7% in the fourth quarter. Natixis Advisors L.P. now owns 447,970 shares of the bank’s stock valued at $13,573,000 after acquiring an additional 127,397 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in First Financial Bankshares by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 14,465,552 shares of the bank’s stock worth $438,306,000 after acquiring an additional 120,252 shares during the period. 69.78% of the stock is currently owned by hedge funds and other institutional investors.

About First Financial Bankshares

First Financial Bankshares, Inc, through its subsidiaries, provides commercial banking products and services in Texas. The company offers checking, savings and time deposits; automated teller machines, drive-in, and night deposit services; safe deposit facilities, remote deposit capture, internet banking, mobile banking, payroll cards, funds transfer, and performing other customary commercial banking services; securities brokerage services; and trust and wealth management services, including wealth management, estates administration, oil and gas management, testamentary trusts, revocable and irrevocable trusts, and agency accounts.