First Financial Bankshares (NASDAQ:FFIN) CFO Michelle Hickox Acquires 1,000 Shares of Stock

First Financial Bankshares, Inc. (NASDAQ:FFIN) CFO Michelle Hickox purchased 1,000 shares of the business’s stock in a transaction on Monday, March 9th. The shares were acquired at an average cost of $29.50 per share, with a total value of $29,500.00. Following the acquisition, the chief financial officer directly owned 11,861 shares in the company, valued at approximately $349,899.50. The trade was a 9.21% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

First Financial Bankshares Stock Down 1.9%

Shares of FFIN traded down $0.56 during trading hours on Wednesday, hitting $29.83. The company had a trading volume of 438,454 shares, compared to its average volume of 839,820. First Financial Bankshares, Inc. has a 12 month low of $28.89 and a 12 month high of $38.74. The firm has a market cap of $4.27 billion, a price-to-earnings ratio of 16.87 and a beta of 0.83. The business has a fifty day moving average of $32.18 and a 200-day moving average of $32.57.

First Financial Bankshares (NASDAQ:FFIN) last issued its quarterly earnings data on Friday, January 23rd. The bank reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same period last year, the business posted $0.43 earnings per share. On average, equities analysts expect that First Financial Bankshares, Inc. will post 1.78 EPS for the current fiscal year.

First Financial Bankshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be given a dividend of $0.19 per share. The ex-dividend date is Friday, March 13th. This represents a $0.76 annualized dividend and a yield of 2.5%. First Financial Bankshares’s dividend payout ratio (DPR) is presently 42.94%.

Institutional Investors Weigh In On First Financial Bankshares

Several institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada raised its holdings in First Financial Bankshares by 10.8% in the 1st quarter. Royal Bank of Canada now owns 64,287 shares of the bank’s stock valued at $2,309,000 after acquiring an additional 6,290 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of First Financial Bankshares by 51.3% during the 1st quarter. AQR Capital Management LLC now owns 118,437 shares of the bank’s stock worth $4,228,000 after purchasing an additional 40,173 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of First Financial Bankshares by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 77,474 shares of the bank’s stock worth $2,783,000 after purchasing an additional 3,382 shares during the period. Empowered Funds LLC acquired a new position in First Financial Bankshares in the first quarter valued at about $1,760,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in First Financial Bankshares by 17.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 396,513 shares of the bank’s stock valued at $14,243,000 after purchasing an additional 59,416 shares in the last quarter. 69.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of First Financial Bankshares in a research report on Friday, January 9th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target 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.