First Financial Bankshares (NASDAQ:FFIN) Director Acquires $338,436.00 in Stock

First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Geoff Haney purchased 10,200 shares of the firm’s stock in a transaction on Friday, February 20th. The shares were purchased at an average price of $33.18 per share, for a total transaction of $338,436.00. Following the completion of the purchase, the director directly owned 32,146 shares of the company’s stock, valued at $1,066,604.28. This represents a 46.48% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.

First Financial Bankshares Trading Up 1.6%

Shares of NASDAQ FFIN opened at $32.74 on Thursday. The stock has a market capitalization of $4.69 billion, a PE ratio of 18.50 and a beta of 0.86. First Financial Bankshares, Inc. has a twelve month low of $29.43 and a twelve month high of $38.74. The stock has a fifty day simple moving average of $32.20 and a 200-day simple moving average of $32.91.

First Financial Bankshares (NASDAQ:FFIN) last announced its earnings results on Friday, January 23rd. The bank reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. The company had revenue of $164.72 million during the quarter, compared to analysts’ expectations of $165.70 million. First Financial Bankshares had a return on equity of 14.16% and a net margin of 30.43%.First Financial Bankshares’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same period last year, the business posted $0.43 EPS. On average, equities analysts predict that First Financial Bankshares, Inc. will post 1.78 earnings per share for the current year.

First Financial Bankshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be issued a $0.19 dividend. The ex-dividend date is Friday, March 13th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.3%. First Financial Bankshares’s payout ratio is 42.94%.

Institutional Investors Weigh In On First Financial Bankshares

Hedge funds and other institutional investors have recently modified their holdings of the company. HHM Wealth Advisors LLC purchased a new stake in shares of First Financial Bankshares during the 3rd quarter worth $25,000. Corsicana & Co. acquired a new stake in First Financial Bankshares in the third quarter valued at $27,000. Olistico Wealth LLC purchased a new stake in First Financial Bankshares during the 4th quarter worth about $30,000. Quarry LP boosted its position in shares of First Financial Bankshares by 66.3% during the 3rd quarter. Quarry LP now owns 1,026 shares of the bank’s stock worth $35,000 after acquiring an additional 409 shares in the last quarter. Finally, Danske Bank A S boosted its position in shares of First Financial Bankshares by 200.0% during the 4th quarter. Danske Bank A S now owns 1,200 shares of the bank’s stock worth $36,000 after acquiring an additional 800 shares in the last quarter. 69.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of First Financial Bankshares in a research report on Friday, January 9th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus 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.