Insider Selling: First Financial Bankshares (NASDAQ:FFIN) CAO Sells $524,250.00 in Stock

First Financial Bankshares, Inc. (NASDAQ:FFIN) CAO Ronald David Butler II sold 15,000 shares of First Financial Bankshares stock in a transaction on Monday, August 17th. The shares were sold at an average price of $34.95, for a total value of $524,250.00. Following the completion of the transaction, the chief accounting officer owned 152,223 shares in the company, valued at approximately $5,320,193.85. The trade was a 8.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

First Financial Bankshares Stock Up 0.3%

NASDAQ:FFIN opened at $34.23 on Friday. The stock’s 50-day simple moving average is $34.58 and its 200 day simple moving average is $32.69. The firm has a market capitalization of $4.91 billion, a PE ratio of 18.30 and a beta of 0.81. First Financial Bankshares, Inc. has a twelve month low of $28.11 and a twelve month high of $38.12.

First Financial Bankshares (NASDAQ:FFIN) last issued its earnings results on Friday, July 17th. The bank reported $0.50 EPS for the quarter, hitting the consensus estimate of $0.50. The firm had revenue of $172.76 million during the quarter, compared to the consensus estimate of $173.03 million. First Financial Bankshares had a return on equity of 14.00% and a net margin of 31.03%.During the same quarter in the previous year, the firm earned $0.47 earnings per share. On average, analysts anticipate that First Financial Bankshares, Inc. will post 2.04 EPS for the current fiscal year.

First Financial Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Monday, September 14th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Monday, September 14th. First Financial Bankshares’s dividend payout ratio is currently 47.06%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Versant Capital Management Inc lifted its stake in shares of First Financial Bankshares by 8.4% during the 2nd quarter. Versant Capital Management Inc now owns 3,824 shares of the bank’s stock worth $132,000 after acquiring an additional 295 shares during the last quarter. Smart Money Group LLC grew its position in First Financial Bankshares by 0.4% in the 1st quarter. Smart Money Group LLC now owns 80,245 shares of the bank’s stock valued at $2,363,000 after acquiring an additional 354 shares during the last quarter. Rockefeller Capital Management L.P. grew its position in First Financial Bankshares by 2.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 13,147 shares of the bank’s stock valued at $393,000 after acquiring an additional 356 shares during the last quarter. Ballentine Partners LLC increased its stake in First Financial Bankshares by 3.0% in the fourth quarter. Ballentine Partners LLC now owns 13,482 shares of the bank’s stock worth $403,000 after purchasing an additional 391 shares during the period. Finally, Smartleaf Asset Management LLC increased its stake in First Financial Bankshares by 32.4% in the second quarter. Smartleaf Asset Management LLC now owns 1,661 shares of the bank’s stock worth $60,000 after purchasing an additional 406 shares during the period. 69.78% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FFIN. Benchmark started coverage on First Financial Bankshares in a research note on Wednesday, June 24th. They set a “buy” rating and a $39.00 price target on the stock. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $35.00 price objective (up from $34.00) on shares of First Financial Bankshares in a research note on Wednesday, July 15th. Finally, Weiss Ratings upgraded shares of First Financial Bankshares from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, First Financial Bankshares presently has a consensus rating of “Moderate Buy” and an average price target of $36.75.

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.