First Financial Bankshares, Inc. (NASDAQ:FFIN - Get Free Report) Director Robert Clark Nickles, Jr. bought 549 shares of First Financial Bankshares stock in a transaction dated Wednesday, April 23rd. The shares were purchased at an average cost of $33.97 per share, for a total transaction of $18,649.53. Following the completion of the transaction, the director now owns 95,128 shares of the company's stock, valued at approximately $3,231,498.16. This represents a 0.58 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
First Financial Bankshares Stock Up 0.6 %
Shares of NASDAQ:FFIN opened at $33.78 on Friday. The company has a market cap of $4.83 billion, a PE ratio of 21.65 and a beta of 0.82. First Financial Bankshares, Inc. has a fifty-two week low of $27.62 and a fifty-two week high of $44.66. The firm has a 50-day simple moving average of $34.97 and a 200 day simple moving average of $37.16.
First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last posted its earnings results on Thursday, April 17th. The bank reported $0.43 EPS for the quarter, meeting the consensus estimate of $0.43. First Financial Bankshares had a return on equity of 14.24% and a net margin of 29.69%. The company had revenue of $149.02 million during the quarter, compared to analyst estimates of $149.48 million. As a group, research analysts forecast that First Financial Bankshares, Inc. will post 1.78 EPS for the current fiscal year.
First Financial Bankshares Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.13%. The ex-dividend date was Friday, March 14th. First Financial Bankshares's dividend payout ratio (DPR) is 44.44%.
Hedge Funds Weigh In On First Financial Bankshares
Several institutional investors have recently modified their holdings of the company. Fifth Third Bancorp lifted its position in First Financial Bankshares by 161.5% in the 1st quarter. Fifth Third Bancorp now owns 714 shares of the bank's stock valued at $26,000 after purchasing an additional 441 shares during the last quarter. Investment Research & Advisory Group Inc. bought a new stake in shares of First Financial Bankshares during the first quarter valued at approximately $26,000. Assetmark Inc. bought a new stake in shares of First Financial Bankshares during the fourth quarter valued at approximately $33,000. UMB Bank n.a. boosted its position in shares of First Financial Bankshares by 245.6% during the first quarter. UMB Bank n.a. now owns 1,904 shares of the bank's stock worth $68,000 after buying an additional 1,353 shares during the period. Finally, GAMMA Investing LLC grew its holdings in First Financial Bankshares by 89.9% in the 1st quarter. GAMMA Investing LLC now owns 1,927 shares of the bank's stock worth $69,000 after buying an additional 912 shares in the last quarter. Institutional investors own 69.78% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have issued reports on FFIN shares. Hovde Group dropped their price objective on First Financial Bankshares from $40.00 to $38.00 and set a "market perform" rating on the stock in a report on Monday. Keefe, Bruyette & Woods decreased their price objective on shares of First Financial Bankshares from $38.00 to $36.00 and set a "market perform" rating for the company in a report on Monday.
View Our Latest Stock Report on FFIN
About First Financial Bankshares
(
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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