Sally Pope Davis Acquires 1,800 Shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) Stock

First Financial Bankshares, Inc. (NASDAQ:FFINGet Free Report) Director Sally Pope Davis bought 1,800 shares of the stock in a transaction on Thursday, June 6th. The stock was acquired at an average price of $28.75 per share, with a total value of $51,750.00. Following the completion of the acquisition, the director now owns 1,800 shares of the company’s stock, valued at approximately $51,750. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

First Financial Bankshares Trading Down 0.3 %

FFIN stock opened at $28.84 on Friday. First Financial Bankshares, Inc. has a 1-year low of $22.84 and a 1-year high of $33.15. The stock has a market cap of $4.12 billion, a price-to-earnings ratio of 20.60 and a beta of 0.82. The company’s 50 day moving average is $30.37 and its 200 day moving average is $30.19.

First Financial Bankshares (NASDAQ:FFINGet Free Report) last posted its quarterly earnings results on Tuesday, April 23rd. The bank reported $0.37 EPS for the quarter, topping the consensus estimate of $0.35 by $0.02. First Financial Bankshares had a net margin of 30.03% and a return on equity of 14.28%. The firm had revenue of $129.63 million for the quarter, compared to the consensus estimate of $129.72 million. During the same period last year, the firm posted $0.39 earnings per share. The business’s revenue was up 4.3% compared to the same quarter last year. As a group, sell-side analysts forecast that First Financial Bankshares, Inc. will post 1.48 EPS for the current fiscal year.

First Financial Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.72 annualized dividend and a dividend yield of 2.50%. First Financial Bankshares’s dividend payout ratio (DPR) is presently 51.43%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on FFIN shares. Truist Financial lowered their target price on First Financial Bankshares from $34.00 to $32.00 and set a “hold” rating on the stock in a research report on Monday, April 22nd. Stephens reduced their target price on shares of First Financial Bankshares from $35.00 to $31.00 and set an “equal weight” rating for the company in a research note on Friday, April 19th. One analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. According to data from MarketBeat.com, First Financial Bankshares has an average rating of “Hold” and an average target price of $31.33.

Get Our Latest Stock Report on FFIN

Hedge Funds Weigh In On First Financial Bankshares

A number of institutional investors have recently bought and sold shares of FFIN. Lindbrook Capital LLC grew its holdings in shares of First Financial Bankshares by 134.8% during the 4th quarter. Lindbrook Capital LLC now owns 911 shares of the bank’s stock worth $28,000 after acquiring an additional 523 shares during the period. Hexagon Capital Partners LLC grew its stake in First Financial Bankshares by 81.1% in the first quarter. Hexagon Capital Partners LLC now owns 927 shares of the bank’s stock worth $30,000 after purchasing an additional 415 shares during the period. SYSTM Wealth Solutions LLC raised its holdings in First Financial Bankshares by 17.4% in the first quarter. SYSTM Wealth Solutions LLC now owns 2,681 shares of the bank’s stock worth $88,000 after purchasing an additional 398 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of First Financial Bankshares during the 3rd quarter valued at $115,000. Finally, Quadrant Capital Group LLC grew its position in shares of First Financial Bankshares by 128.9% in the 4th quarter. Quadrant Capital Group LLC now owns 4,888 shares of the bank’s stock worth $148,000 after buying an additional 2,753 shares during the period. 69.78% of the stock is owned by institutional investors.

About First Financial Bankshares

(Get Free Report)

First Financial Bankshares, Inc, through its subsidiaries, provides commercial banking products and services in Texas. The company offers checking, savings and time deposits; automated teller machines, drive-in, and night deposit services; safe deposit facilities, remote deposit capture, internet banking, mobile banking, payroll cards, funds transfer, and performing other customary commercial banking services; securities brokerage services; and trust and wealth management services, including wealth management, estates administration, oil and gas management, testamentary trusts, revocable and irrevocable trusts, and agency accounts.

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Insider Buying and Selling by Quarter for First Financial Bankshares (NASDAQ:FFIN)

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