First Financial Bankshares (NASDAQ:FFIN) Director Sally Pope Davis Acquires 1,800 Shares

First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Sally Pope Davis bought 1,800 shares of the stock in a transaction that occurred on Friday, March 6th. The stock was acquired at an average price of $29.52 per share, for a total transaction of $53,136.00. Following the acquisition, the director directly owned 10,371 shares in the company, valued at $306,151.92. The trade was a 21.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

First Financial Bankshares Stock Performance

FFIN stock opened at $30.26 on Tuesday. The business has a 50-day simple moving average of $32.18 and a two-hundred day simple moving average of $32.62. The company has a market capitalization of $4.33 billion, a P/E ratio of 17.10 and a beta of 0.83. First Financial Bankshares, Inc. has a 52-week low of $28.89 and a 52-week high of $38.74.

First Financial Bankshares (NASDAQ:FFIN) last issued 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. First Financial Bankshares had a return on equity of 14.16% and a net margin of 30.43%.The firm had revenue of $164.72 million during the quarter, compared to the consensus estimate of $165.70 million. During the same period in the prior year, the business posted $0.43 earnings per share. The company’s quarterly revenue was up 13.1% compared to the same quarter last year. As a group, sell-side analysts forecast that First Financial Bankshares, Inc. will post 1.78 earnings per share for the current fiscal year.

First Financial Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Friday, March 13th. First Financial Bankshares’s dividend payout ratio is presently 42.94%.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed 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 stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $38.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. increased its position in shares of First Financial Bankshares by 3,042,660.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 21,512,315 shares of the bank’s stock valued at $642,573,000 after purchasing an additional 21,511,608 shares during the last quarter. State Street Corp grew its position in First Financial Bankshares by 1.5% during the fourth quarter. State Street Corp now owns 6,140,759 shares of the bank’s stock valued at $184,551,000 after buying an additional 87,988 shares during the period. Geode Capital Management LLC grew its position in First Financial Bankshares by 1.8% during the second quarter. Geode Capital Management LLC now owns 3,452,051 shares of the bank’s stock valued at $124,218,000 after buying an additional 61,599 shares during the period. Dimensional Fund Advisors LP increased its holdings in First Financial Bankshares by 6.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,715,913 shares of the bank’s stock worth $81,129,000 after buying an additional 165,801 shares during the last quarter. Finally, Norges Bank bought a new stake in First Financial Bankshares in the fourth quarter worth about $51,227,000. 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.