First Financial Bankshares (NASDAQ:FFIN) Director Johnny Trotter Acquires 4,000 Shares

First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Johnny Trotter purchased 4,000 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The stock was purchased at an average price of $30.02 per share, for a total transaction of $120,080.00. Following the completion of the transaction, the director directly owned 955,444 shares in the company, valued at $28,682,428.88. This trade represents a 0.42% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link.

First Financial Bankshares Stock Performance

First Financial Bankshares stock traded down $0.50 during midday trading on Friday, reaching $29.80. The stock had a trading volume of 386,639 shares, compared to its average volume of 831,718. First Financial Bankshares, Inc. has a 1-year low of $28.89 and a 1-year high of $38.74. The firm’s fifty day simple moving average is $32.20 and its 200-day simple moving average is $32.74. The stock has a market capitalization of $4.27 billion, a P/E ratio of 16.84 and a beta of 0.83.

First Financial Bankshares (NASDAQ:FFIN) last announced its quarterly earnings results on Friday, January 23rd. The bank reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. The firm had revenue of $164.72 million for the quarter, compared to the consensus estimate of $165.70 million. First Financial Bankshares had a return on equity of 14.16% and a net margin of 30.43%.The business’s revenue was up 13.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.43 earnings per share. On average, sell-side analysts anticipate that First Financial Bankshares, Inc. will post 1.78 earnings per share for the current fiscal year.

First Financial Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be paid a $0.19 dividend. The ex-dividend date 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 currently 42.94%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of First Financial Bankshares in a research note 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.com, the company currently has a consensus rating of “Hold” and an average price target of $38.00.

Institutional Investors Weigh In On First Financial Bankshares

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

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.