First Financial Bankshares (NASDAQ:FFIN) Director Johnny Trotter Buys 4,000 Shares

First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Johnny Trotter purchased 4,000 shares of First Financial Bankshares stock in a transaction dated Thursday, March 5th. The shares were purchased at an average cost of $30.02 per share, with a total value of $120,080.00. Following the acquisition, the director owned 955,444 shares of the company’s stock, valued at approximately $28,682,428.88. This trade represents a 0.42% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

First Financial Bankshares Stock Performance

Shares of First Financial Bankshares stock traded down $0.22 during trading on Friday, hitting $30.08. 971,953 shares of the stock were exchanged, compared to its average volume of 758,115. First Financial Bankshares, Inc. has a 12 month low of $28.89 and a 12 month high of $38.74. The stock’s fifty day moving average is $32.19 and its 200 day moving average is $32.70. The stock has a market cap of $4.31 billion, a PE ratio of 16.99 and a beta of 0.83.

First Financial Bankshares (NASDAQ:FFIN) last issued its quarterly earnings data on Friday, January 23rd. The bank reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.03. First Financial Bankshares had a net margin of 30.43% and a return on equity of 14.16%. The firm had revenue of $164.72 million for the quarter, compared to the consensus estimate of $165.70 million. During the same period last year, the firm posted $0.43 EPS. First Financial Bankshares’s quarterly revenue was up 13.1% compared to the same quarter last year. Sell-side analysts anticipate that First Financial Bankshares, Inc. will post 1.78 EPS for the current fiscal year.

First Financial Bankshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders 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 dividend yield of 2.5%. First Financial Bankshares’s payout ratio is currently 42.94%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of First Financial Bankshares in a research note on Friday, January 9th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, First Financial Bankshares has a consensus rating of “Hold” and a consensus target price of $38.00.

Institutional Trading of First Financial Bankshares

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. HHM Wealth Advisors LLC bought a new stake in First Financial Bankshares during the third quarter worth approximately $25,000. Corsicana & Co. bought a new position in shares of First Financial Bankshares in the third quarter valued at $27,000. Olistico Wealth LLC acquired a new stake in shares of First Financial Bankshares during the 4th quarter valued at $30,000. Quarry LP lifted its position in shares of First Financial Bankshares by 66.3% during the 3rd quarter. Quarry LP now owns 1,026 shares of the bank’s stock valued at $35,000 after acquiring an additional 409 shares during the last quarter. Finally, Danske Bank A S boosted its stake in shares of First Financial Bankshares by 200.0% during the 4th quarter. Danske Bank A S now owns 1,200 shares of the bank’s stock worth $36,000 after acquiring an additional 800 shares in the last quarter. 69.78% of the stock is owned by institutional investors and hedge funds.

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.