Murray Hamilton Edwards Buys 1,000 Shares of First Financial Bankshares (NASDAQ:FFIN) Stock

First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Murray Hamilton Edwards purchased 1,000 shares of the stock in a transaction on Friday, March 13th. The stock was acquired at an average price of $29.32 per share, for a total transaction of $29,320.00. Following the completion of the purchase, the director directly owned 43,634 shares in the company, valued at approximately $1,279,348.88. The trade was a 2.35% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Murray Hamilton Edwards also recently made the following trade(s):

• On Thursday, February 5th, Murray Hamilton Edwards acquired 500 shares of First Financial Bankshares stock. The shares were acquired at an average price of $34.18 per share, with a total value of $17,090.00.

First Financial Bankshares Price Performance

Shares of NASDAQ FFIN opened at $29.33 on Wednesday. The stock has a market capitalization of $4.20 billion, a price-to-earnings ratio of 16.57 and a beta of 0.83. The business has a 50-day moving average of $32.10 and a 200-day moving average of $32.30. First Financial Bankshares, Inc. has a fifty-two week low of $28.54 and a fifty-two week high of $38.74.

First Financial Bankshares (NASDAQ:FFIN) last released its earnings results 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 return on equity of 14.16% and a net margin of 30.43%.The business 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 earnings per share. First Financial Bankshares’s quarterly revenue was up 13.1% on a year-over-year basis. On average, sell-side analysts expect that First Financial Bankshares, Inc. will post 1.78 EPS for the current year.

First Financial Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.76 annualized dividend and a dividend yield of 2.6%. First Financial Bankshares’s payout ratio is 42.94%.

Analyst Ratings Changes

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

Institutional Investors Weigh In On First Financial Bankshares

Several hedge funds have recently bought and sold shares of the company. HHM Wealth Advisors LLC acquired a new position in First Financial Bankshares during the third quarter worth approximately $25,000. Corsicana & Co. acquired a new stake in shares of First Financial Bankshares in the third quarter valued at approximately $27,000. Olistico Wealth LLC acquired a new stake in shares of First Financial Bankshares in the fourth quarter valued at approximately $30,000. Quarry LP boosted its stake 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 during the period. Finally, Danske Bank A S boosted its stake 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 during the period. 69.78% of the stock is currently owned by institutional investors and hedge funds.

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.