Robert Clark Nickles, Jr. Buys 664 Shares of First Financial Bankshares (NASDAQ:FFIN) Stock

First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Robert Clark Nickles, Jr. acquired 664 shares of the firm’s stock in a transaction on Tuesday, May 5th. The shares were acquired at an average price of $31.96 per share, with a total value of $21,221.44. Following the completion of the purchase, the director owned 97,624 shares in the company, valued at approximately $3,120,063.04. This trade represents a 0.68% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link.

First Financial Bankshares Stock Down 0.6%

Shares of FFIN opened at $32.39 on Friday. The company has a market capitalization of $4.64 billion, a price-to-earnings ratio of 17.60 and a beta of 0.83. First Financial Bankshares, Inc. has a 52 week low of $28.11 and a 52 week high of $38.74. The stock’s 50-day moving average price is $30.79 and its 200-day moving average price is $31.40.

First Financial Bankshares (NASDAQ:FFIN) last released its quarterly earnings results on Friday, April 17th. The bank reported $0.50 EPS for the quarter, beating the consensus estimate of $0.47 by $0.03. The company had revenue of $166.89 million for the quarter, compared to analyst estimates of $166.78 million. First Financial Bankshares had a net margin of 31.00% and a return on equity of 14.20%. During the same quarter last year, the business earned $0.43 earnings per share. As a group, equities analysts anticipate that First Financial Bankshares, Inc. will post 2.04 EPS for the current fiscal year.

First Financial Bankshares Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Friday, June 12th will be paid a dividend of $0.22 per share. This is an increase from First Financial Bankshares’s previous quarterly dividend of $0.19. The ex-dividend date is Friday, June 12th. This represents a $0.88 annualized dividend and a yield of 2.7%. First Financial Bankshares’s dividend payout ratio (DPR) is presently 41.30%.

Institutional Trading of First Financial Bankshares

Several large investors have recently bought and sold shares of the business. Kingsview Wealth Management LLC raised its holdings in First Financial Bankshares by 1.2% in the 3rd quarter. Kingsview Wealth Management LLC now owns 27,059 shares of the bank’s stock valued at $911,000 after acquiring an additional 321 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of First Financial Bankshares by 6.2% during the 4th quarter. Signaturefd LLC now owns 5,863 shares of the bank’s stock worth $175,000 after purchasing an additional 344 shares during the last quarter. Smart Money Group LLC grew its position in shares of First Financial Bankshares by 0.4% in the first quarter. Smart Money Group LLC now owns 80,245 shares of the bank’s stock valued at $2,363,000 after purchasing an additional 354 shares in the last quarter. Rockefeller Capital Management L.P. grew its position in shares of First Financial Bankshares by 2.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 13,147 shares of the bank’s stock valued at $393,000 after purchasing an additional 356 shares in the last quarter. Finally, Ballentine Partners LLC increased its holdings in shares of First Financial Bankshares by 3.0% in the fourth quarter. Ballentine Partners LLC now owns 13,482 shares of the bank’s stock valued at $403,000 after purchasing an additional 391 shares during the last quarter. Hedge funds and other institutional investors own 69.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of First Financial Bankshares in a research report on Wednesday, April 8th. Keefe, Bruyette & Woods reduced their price objective on First Financial Bankshares from $36.00 to $34.00 and set a “market perform” rating for the company in a research note on Thursday, April 9th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $37.33.

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.