Geoff Haney Purchases 10,200 Shares of First Financial Bankshares (NASDAQ:FFIN) Stock

First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Geoff Haney acquired 10,200 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The stock was acquired at an average price of $33.18 per share, with a total value of $338,436.00. Following the acquisition, the director directly owned 32,146 shares of the company’s stock, valued at approximately $1,066,604.28. This represents a 46.48% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

First Financial Bankshares Stock Up 0.8%

First Financial Bankshares stock opened at $32.22 on Wednesday. First Financial Bankshares, Inc. has a 52-week low of $29.43 and a 52-week high of $38.74. The firm has a market cap of $4.61 billion, a PE ratio of 18.20 and a beta of 0.86. The company’s 50 day moving average is $32.17 and its two-hundred day moving average is $32.91.

First Financial Bankshares (NASDAQ:FFIN) last posted its quarterly earnings data on Friday, January 23rd. The bank reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. The business had revenue of $164.72 million for the quarter, compared to analyst estimates of $165.70 million. First Financial Bankshares had a return on equity of 14.16% and a net margin of 30.43%.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 earnings per share. On average, equities research analysts anticipate that First Financial Bankshares, Inc. will post 1.78 earnings per share for the current fiscal year.

First Financial Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be given a $0.19 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.76 dividend on an annualized basis and a yield of 2.4%. First Financial Bankshares’s dividend payout ratio (DPR) is currently 42.94%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c)” rating on shares of First Financial Bankshares in a research note 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 has an average rating of “Hold” and a consensus target price of $38.00.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. HHM Wealth Advisors LLC purchased a new stake in First Financial Bankshares during the third quarter worth approximately $25,000. Corsicana & Co. acquired a new stake in First Financial Bankshares during the third quarter worth approximately $27,000. Olistico Wealth LLC purchased a new stake in shares of First Financial Bankshares during the 4th quarter worth approximately $30,000. Quarry LP boosted its holdings in shares of First Financial Bankshares by 66.3% in the 3rd quarter. Quarry LP now owns 1,026 shares of the bank’s stock valued at $35,000 after buying an additional 409 shares in the last quarter. Finally, Danske Bank A S boosted its holdings in shares of First Financial Bankshares by 200.0% in the 4th 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 in the last quarter. Hedge funds and other institutional investors own 69.78% of the company’s stock.

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.