First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Purchases $23,220.00 in Stock

First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Murray Hamilton Edwards acquired 750 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The shares were purchased at an average cost of $30.96 per share, with a total value of $23,220.00. Following the transaction, the director now directly owns 41,584 shares of the company’s stock, valued at $1,287,440.64. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.

First Financial Bankshares Price Performance

Shares of FFIN opened at $31.07 on Friday. The business has a 50-day moving average of $30.89 and a 200-day moving average of $29.45. First Financial Bankshares, Inc. has a 1 year low of $22.84 and a 1 year high of $33.15. The company has a market capitalization of $4.44 billion, a price-to-earnings ratio of 22.19 and a beta of 0.83.

First Financial Bankshares (NASDAQ:FFIN) last released its quarterly earnings results on Tuesday, April 23rd. The bank reported $0.37 earnings per share (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 during the quarter, compared to analyst estimates of $129.72 million. During the same quarter last year, the business earned $0.39 EPS. The company’s revenue was up 4.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that First Financial Bankshares, Inc. will post 1.47 EPS for the current year.

First Financial Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.72 annualized dividend and a dividend yield of 2.32%. First Financial Bankshares’s dividend payout ratio is currently 51.43%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. First Command Advisory Services Inc. acquired a new position in shares of First Financial Bankshares during the third quarter valued at about $26,000. Lindbrook Capital LLC raised its stake in 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 buying an additional 523 shares during the period. Hexagon Capital Partners LLC boosted its holdings 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 acquiring an additional 415 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in First Financial Bankshares in the third quarter valued at approximately $40,000. Finally, Signaturefd LLC increased its holdings in shares of First Financial Bankshares by 35.6% during the third quarter. Signaturefd LLC now owns 2,676 shares of the bank’s stock valued at $67,000 after acquiring an additional 703 shares in the last quarter. 69.78% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on FFIN. Keefe, Bruyette & Woods boosted their price target on First Financial Bankshares from $30.00 to $31.00 and gave the stock a “market perform” rating in a report on Friday, January 26th. Truist Financial reduced their target price on shares of First Financial Bankshares from $34.00 to $32.00 and set a “hold” rating on the stock in a report on Monday, April 22nd. Finally, Stephens dropped their price target 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 equities research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $31.33.

First Financial Bankshares Company Profile

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.