First Financial Bankshares, Inc. (NASDAQ:FFIN - Get Free Report) CEO F Scott Dueser sold 25,000 shares of the company's stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $40.73, for a total transaction of $1,018,250.00. Following the transaction, the chief executive officer now owns 471,004 shares in the company, valued at $19,183,992.92. This represents a 5.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
First Financial Bankshares Trading Up 1.0 %
Shares of FFIN stock opened at $40.86 on Tuesday. The company has a 50 day simple moving average of $39.57 and a two-hundred day simple moving average of $35.78. The stock has a market cap of $5.84 billion, a P/E ratio of 28.18 and a beta of 0.81. First Financial Bankshares, Inc. has a 12 month low of $27.06 and a 12 month high of $44.66.
First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last posted its quarterly earnings data on Thursday, October 17th. The bank reported $0.39 EPS for the quarter, hitting the consensus estimate of $0.39. The firm had revenue of $142.10 million during the quarter, compared to analyst estimates of $140.25 million. First Financial Bankshares had a return on equity of 13.43% and a net margin of 28.76%. As a group, equities analysts forecast that First Financial Bankshares, Inc. will post 1.52 earnings per share for the current year.
First Financial Bankshares Announces Dividend
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The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.76%. The ex-dividend date is Friday, December 13th. First Financial Bankshares's dividend payout ratio (DPR) is currently 49.66%.
Analysts Set New Price Targets
A number of research analysts recently weighed in on FFIN shares. Stephens increased their price objective on shares of First Financial Bankshares from $37.00 to $40.00 and gave the company an "equal weight" rating in a research report on Friday, October 18th. Truist Financial increased their price target on First Financial Bankshares from $39.00 to $40.00 and gave the company a "hold" rating in a report on Friday, September 20th. Keefe, Bruyette & Woods raised their price target on First Financial Bankshares from $36.00 to $40.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 4th. Finally, Hovde Group upped their price objective on First Financial Bankshares from $34.50 to $40.00 and gave the company a "market perform" rating in a research report on Monday, October 21st.
Read Our Latest Research Report on First Financial Bankshares
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the stock. Neo Ivy Capital Management bought a new stake in First Financial Bankshares during the 2nd quarter worth approximately $41,000. Quarry LP purchased a new stake in shares of First Financial Bankshares in the second quarter worth $83,000. Huntington National Bank increased its stake in shares of First Financial Bankshares by 32.2% in the third quarter. Huntington National Bank now owns 2,369 shares of the bank's stock worth $88,000 after purchasing an additional 577 shares in the last quarter. Point72 DIFC Ltd bought a new stake in shares of First Financial Bankshares during the 2nd quarter valued at $97,000. Finally, Point72 Asset Management L.P. purchased a new position in shares of First Financial Bankshares during the 2nd quarter valued at $118,000. 69.78% of the stock is owned by hedge funds and other institutional investors.
First Financial Bankshares Company Profile
(
Get Free Report)
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.
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