First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Acquires $204,000.00 in Stock

First Financial Bankshares, Inc. (NASDAQ:FFINGet Rating) Director Kade Matthews acquired 5,000 shares of First Financial Bankshares stock in a transaction on Friday, April 29th. The stock was purchased at an average cost of $40.80 per share, with a total value of $204,000.00. Following the purchase, the director now directly owns 10,848 shares of the company’s stock, valued at approximately $442,598.40. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

NASDAQ FFIN opened at $39.98 on Friday. First Financial Bankshares, Inc. has a fifty-two week low of $39.80 and a fifty-two week high of $55.00. The stock has a market cap of $5.70 billion, a P/E ratio of 25.30 and a beta of 0.85. The stock has a 50 day simple moving average of $44.40 and a two-hundred day simple moving average of $48.31.

First Financial Bankshares (NASDAQ:FFINGet Rating) last posted its quarterly earnings data on Thursday, April 21st. The bank reported $0.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.02. First Financial Bankshares had a return on equity of 13.04% and a net margin of 43.17%. Equities analysts forecast that First Financial Bankshares, Inc. will post 1.55 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 1st. Stockholders of record on Thursday, June 16th will be paid a $0.17 dividend. This is an increase from First Financial Bankshares’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date is Wednesday, June 15th. First Financial Bankshares’s dividend payout ratio (DPR) is 37.97%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Park Avenue Securities LLC lifted its position in shares of First Financial Bankshares by 10.7% in the first quarter. Park Avenue Securities LLC now owns 6,914 shares of the bank’s stock valued at $305,000 after acquiring an additional 670 shares in the last quarter. Ahrens Investment Partners LLC increased its holdings in shares of First Financial Bankshares by 520.2% in the first quarter. Ahrens Investment Partners LLC now owns 769 shares of the bank’s stock worth $34,000 after purchasing an additional 645 shares during the last quarter. Ardevora Asset Management LLP increased its stake in First Financial Bankshares by 70.9% during the first quarter. Ardevora Asset Management LLP now owns 2,169,387 shares of the bank’s stock worth $95,713,000 after acquiring an additional 900,084 shares during the last quarter. Comerica Bank increased its stake in First Financial Bankshares by 2.6% during the first quarter. Comerica Bank now owns 59,739 shares of the bank’s stock worth $2,568,000 after acquiring an additional 1,498 shares during the last quarter. Finally, Truist Financial Corp increased its stake in First Financial Bankshares by 15.4% during the first quarter. Truist Financial Corp now owns 49,903 shares of the bank’s stock worth $2,202,000 after acquiring an additional 6,652 shares during the last quarter. Institutional investors own 53.50% of the company’s stock.

Several research analysts have weighed in on the company. Zacks Investment Research raised First Financial Bankshares from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research report on Wednesday. StockNews.com upgraded First Financial Bankshares from a “sell” rating to a “hold” rating in a research note on Saturday.

First Financial Bankshares Company Profile (Get Rating)

First Financial Bankshares, Inc, through its subsidiaries, provides commercial banking products and services in Texas. The company accepts checking, savings and money market accounts, and time deposits; commercial and industrial, municipal, agricultural, construction and development, farm, non-owner occupied and owner-occupied commercial real estate, residential, and consumer auto and non-auto loans to businesses, professional individuals, and farm and ranch operations.

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