First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Buys $210,720.00 in Stock

First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Johnny Trotter acquired 6,000 shares of the firm’s stock in a transaction on Wednesday, March 12th. The stock was purchased at an average cost of $35.12 per share, for a total transaction of $210,720.00. Following the completion of the acquisition, the director now owns 949,371 shares in the company, valued at approximately $33,341,909.52. This represents a 0.64 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

First Financial Bankshares Trading Up 0.7 %

FFIN traded up $0.26 on Thursday, reaching $35.31. The stock had a trading volume of 197,068 shares, compared to its average volume of 489,112. The firm has a 50-day moving average of $36.91 and a 200-day moving average of $37.74. First Financial Bankshares, Inc. has a fifty-two week low of $27.62 and a fifty-two week high of $44.66. The company has a market capitalization of $5.05 billion, a price-to-earnings ratio of 22.64 and a beta of 0.78.

First Financial Bankshares (NASDAQ:FFIN) last announced its quarterly earnings results on Thursday, January 23rd. The bank reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.03. First Financial Bankshares had a net margin of 29.69% and a return on equity of 14.24%. 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date is Friday, March 14th. First Financial Bankshares’s dividend payout ratio is currently 46.15%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods raised their target price on shares of First Financial Bankshares from $40.00 to $41.00 and gave the stock a “market perform” rating in a report on Monday, January 27th.

Institutional Trading of First Financial Bankshares

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FFIN. Jefferies Financial Group Inc. bought a new stake in First Financial Bankshares during the fourth quarter valued at $835,000. Mackenzie Financial Corp acquired a new position in shares of First Financial Bankshares in the 4th quarter valued at about $229,000. Michels Family Financial LLC bought a new stake in shares of First Financial Bankshares during the 4th quarter valued at about $263,000. GTS Securities LLC bought a new stake in First Financial Bankshares in the fourth quarter worth approximately $278,000. Finally, 49 Wealth Management LLC lifted its stake in First Financial Bankshares by 4.7% in the fourth quarter. 49 Wealth Management LLC now owns 7,825 shares of the bank’s stock valued at $282,000 after buying an additional 350 shares during the period. Institutional investors and hedge funds own 69.78% of the company’s stock.

About First Financial Bankshares

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.