Insider Buying: First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Purchases 6,000 Shares of Stock

First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Johnny Trotter purchased 6,000 shares of the business’s stock in a transaction on Wednesday, March 12th. The stock was purchased at an average price of $35.12 per share, for a total transaction of $210,720.00. Following the acquisition, the director now owns 949,371 shares of the company’s stock, valued at approximately $33,341,909.52. This represents a 0.64 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

First Financial Bankshares Trading Up 0.7 %

Shares of NASDAQ:FFIN traded up $0.26 during mid-day trading on Thursday, hitting $35.31. 197,068 shares of the company traded hands, compared to its average volume of 489,112. The stock has a 50-day moving average price of $36.91 and a two-hundred day moving average price of $37.74. First Financial Bankshares, Inc. has a 12-month low of $27.62 and a 12-month high of $44.66. The stock has a market cap of $5.05 billion, a P/E ratio of 22.64 and a beta of 0.78.

First Financial Bankshares (NASDAQ:FFIN) last posted its quarterly earnings data on Thursday, January 23rd. The bank reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. First Financial Bankshares had a net margin of 29.69% and a return on equity of 14.24%. As a group, analysts expect that First Financial Bankshares, Inc. will post 1.78 earnings per share for the current year.

First Financial Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a $0.18 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.72 annualized dividend and a yield of 2.04%. First Financial Bankshares’s dividend payout ratio (DPR) is 46.15%.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On First Financial Bankshares

Hedge funds and other institutional investors have recently modified their holdings of the business. Jefferies Financial Group Inc. purchased a new stake in shares of First Financial Bankshares during the fourth quarter valued at approximately $835,000. Mackenzie Financial Corp purchased a new stake in shares of First Financial Bankshares during the 4th quarter valued at $229,000. Michels Family Financial LLC purchased a new stake in shares of First Financial Bankshares during the 4th quarter valued at $263,000. GTS Securities LLC bought a new stake in shares of First Financial Bankshares during the 4th quarter worth $278,000. Finally, 49 Wealth Management LLC boosted its holdings in shares of First Financial Bankshares by 4.7% in the 4th quarter. 49 Wealth Management LLC now owns 7,825 shares of the bank’s stock worth $282,000 after buying an additional 350 shares during the last quarter. Hedge funds and other institutional investors own 69.78% of the company’s stock.

First Financial Bankshares Company Profile

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.