Insider Buying: First Financial Bankshares (NASDAQ:FFIN) Director Acquires $43,770.00 in Stock

First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Geoff Haney bought 1,500 shares of the firm’s stock in a transaction on Thursday, March 12th. The shares were purchased at an average price of $29.18 per share, for a total transaction of $43,770.00. Following the completion of the transaction, the director owned 33,646 shares of the company’s stock, valued at $981,790.28. This represents a 4.67% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Geoff Haney also recently made the following trade(s):

• On Friday, February 20th, Geoff Haney bought 10,200 shares of First Financial Bankshares stock. The stock was purchased at an average cost of $33.18 per share, for a total transaction of $338,436.00.

First Financial Bankshares Stock Down 0.2%

Shares of FFIN stock opened at $29.56 on Monday. The stock has a market cap of $4.23 billion, a P/E ratio of 16.70 and a beta of 0.83. First Financial Bankshares, Inc. has a fifty-two week low of $28.54 and a fifty-two week high of $38.74. The business has a fifty day simple moving average of $32.17 and a 200-day simple moving average of $32.41.

First Financial Bankshares (NASDAQ:FFIN) last released its quarterly earnings data on Friday, January 23rd. The bank reported $0.51 EPS for the quarter, topping the consensus estimate of $0.48 by $0.03. The business had revenue of $164.72 million for the quarter, compared to analyst estimates of $165.70 million. First Financial Bankshares had a net margin of 30.43% and a return on equity of 14.16%. The business’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.43 EPS. On average, sell-side analysts anticipate 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 declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, March 13th. First Financial Bankshares’s dividend payout ratio is 42.94%.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued 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 given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $38.00.

Institutional Inflows and Outflows

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

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.