First Financial Bankshares (NASDAQ:FFIN) Director Acquires $120,080.00 in Stock

First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Johnny Trotter bought 4,000 shares of the stock in a transaction dated Thursday, March 5th. The stock was purchased at an average price of $30.02 per share, with a total value of $120,080.00. Following the purchase, the director 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

First Financial Bankshares Stock Down 0.7%

NASDAQ FFIN opened at $30.08 on Monday. The firm has a market capitalization of $4.31 billion, a PE ratio of 16.99 and a beta of 0.83. The stock’s 50 day moving average is $32.19 and its 200 day moving average is $32.66. First Financial Bankshares, Inc. has a twelve month low of $28.89 and a twelve month high of $38.74.

First Financial Bankshares (NASDAQ:FFIN) last posted its quarterly earnings data on Friday, January 23rd. The bank reported $0.51 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $165.70 million. During the same quarter in the prior year, the company earned $0.43 earnings per share. The firm’s quarterly revenue was up 13.1% compared to the same quarter last year. On average, research analysts anticipate that First Financial Bankshares, Inc. will post 1.78 earnings per share for the current 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 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 2.5%. First Financial Bankshares’s dividend payout ratio is presently 42.94%.

Analysts Set New Price Targets

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

Institutional Trading of First Financial Bankshares

Several large investors have recently added to or reduced their stakes in FFIN. HHM Wealth Advisors LLC purchased a new stake in shares of First Financial Bankshares in the 3rd quarter worth $25,000. Corsicana & Co. bought a new stake in First Financial Bankshares during the 3rd quarter valued at approximately $27,000. Olistico Wealth LLC purchased a new position in shares of First Financial Bankshares in the fourth quarter worth $30,000. Quarry LP lifted its stake in First Financial Bankshares by 66.3% in the 3rd quarter. Quarry LP now owns 1,026 shares of the bank’s stock worth $35,000 after purchasing an additional 409 shares in the last quarter. Finally, Danske Bank A S boosted its stake 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 valued at $36,000 after buying an additional 800 shares during the last quarter. 69.78% of the stock is currently owned by 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.