First Financial Bankshares (NASDAQ:FFIN) Director Purchases $17,090.00 in Stock

First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Murray Hamilton Edwards purchased 500 shares of the company’s stock in a transaction on Thursday, February 5th. The shares were purchased at an average price of $34.18 per share, with a total value of $17,090.00. Following the completion of the purchase, the director directly owned 42,634 shares of the company’s stock, valued at $1,457,230.12. The trade was a 1.19% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

First Financial Bankshares Price Performance

NASDAQ FFIN opened at $34.78 on Monday. First Financial Bankshares, Inc. has a 1-year low of $29.43 and a 1-year high of $38.74. The firm has a market capitalization of $4.98 billion, a P/E ratio of 19.65 and a beta of 0.86. The business’s 50-day simple moving average is $31.72 and its 200-day simple moving average is $33.05.

First Financial Bankshares (NASDAQ:FFIN) last posted its earnings results 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. The firm had revenue of $164.72 million during the quarter, compared to the consensus estimate of $165.70 million. First Financial Bankshares had a net margin of 30.43% and a return on equity of 14.16%. The company’s revenue was up 13.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.43 EPS. On average, equities research analysts expect that First Financial Bankshares, Inc. will post 1.78 EPS for the current fiscal year.

First Financial Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be issued a dividend of $0.19 per share. The ex-dividend date is Friday, March 13th. This represents a $0.76 annualized dividend and a dividend yield of 2.2%. First Financial Bankshares’s payout ratio is presently 42.94%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. increased its holdings 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 purchasing an additional 21,511,608 shares during the last quarter. Norges Bank acquired a new stake in shares of First Financial Bankshares during the second quarter worth approximately $57,680,000. Invesco Ltd. increased its stake in shares of First Financial Bankshares by 170.9% in the second quarter. Invesco Ltd. now owns 1,101,028 shares of the bank’s stock worth $39,615,000 after buying an additional 694,534 shares during the last quarter. SG Americas Securities LLC raised its holdings in First Financial Bankshares by 3,204.2% in the fourth quarter. SG Americas Securities LLC now owns 417,192 shares of the bank’s stock valued at $12,462,000 after acquiring an additional 404,566 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in First Financial Bankshares by 314.0% during the 2nd quarter. AQR Capital Management LLC now owns 490,284 shares of the bank’s stock valued at $17,640,000 after acquiring an additional 371,847 shares during the last quarter. Institutional investors and hedge funds own 69.78% of the company’s stock.

Analysts Set New Price Targets

FFIN has been the subject of several recent research reports. Keefe, Bruyette & Woods lowered their price target on First Financial Bankshares from $38.00 to $36.00 and set a “market perform” rating for the company in a report on Friday, October 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of First Financial Bankshares in a research note on Friday, January 9th. Finally, Hovde Group upgraded First Financial Bankshares from a “market perform” rating to an “outperform” rating and set a $39.00 target price on the stock in a report on Monday, October 27th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, First Financial Bankshares presently has a consensus rating of “Hold” and an average target price of $38.00.

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.