First Financial Bankshares (NASDAQ:FFIN) CAO Ronald David Butler II Sells 15,000 Shares

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

First Financial Bankshares Trading Down 0.7%

FFIN opened at $34.63 on Wednesday. The stock has a fifty day moving average price of $34.54 and a 200 day moving average price of $32.66. First Financial Bankshares, Inc. has a 1 year low of $28.11 and a 1 year high of $38.12. The stock has a market cap of $4.96 billion, a price-to-earnings ratio of 18.52 and a beta of 0.81.

First Financial Bankshares (NASDAQ:FFIN) last issued its earnings results on Friday, July 17th. The bank reported $0.50 earnings per share for the quarter, hitting the consensus estimate of $0.50. The company had revenue of $172.76 million for the quarter, compared to analyst estimates 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 period in the prior year, the firm posted $0.47 EPS. As a group, sell-side analysts forecast that First Financial Bankshares, Inc. will post 2.04 earnings per share for the current fiscal year.

First Financial Bankshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Monday, September 14th will be issued a $0.22 dividend. The ex-dividend date is Monday, September 14th. This represents a $0.88 dividend on an annualized basis and a yield of 2.5%. First Financial Bankshares’s dividend payout ratio is currently 47.06%.

Analysts Set New Price Targets

A number of analysts have issued reports on FFIN shares. Benchmark initiated coverage on shares of First Financial Bankshares in a research note on Wednesday, June 24th. They issued a “buy” rating and a $39.00 target price for the company. Weiss Ratings upgraded shares of First Financial Bankshares from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 3rd. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $36.75.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FFIN. Waterloo Capital L.P. grew its stake in First Financial Bankshares by 978.4% in the 4th quarter. Waterloo Capital L.P. now owns 68,899 shares of the bank’s stock valued at $2,058,000 after buying an additional 62,510 shares during the last quarter. Jefferies Financial Group Inc. lifted its position in First Financial Bankshares by 283.7% during the 4th quarter. Jefferies Financial Group Inc. now owns 112,781 shares of the bank’s stock worth $3,369,000 after acquiring an additional 83,385 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in 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 worth $642,573,000 after acquiring an additional 21,511,608 shares during the last quarter. Fifth Third Bancorp boosted its holdings in First Financial Bankshares by 5,632.8% during the first quarter. Fifth Third Bancorp now owns 36,346 shares of the bank’s stock valued at $1,070,000 after acquiring an additional 35,712 shares during the period. Finally, Excelsior Advisor Network LLC bought a new stake in First Financial Bankshares during the first quarter valued at about $6,903,000. 69.78% of the stock is owned by institutional investors.

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.