Key Points
- Director Robert Clark Nickles, Jr. purchased 629 shares of FFIN on Feb. 2 at $32.54 per share for $20,467.66, increasing his holdings to 96,960 shares (a 0.65% ownership increase).
- Q4 results beat expectations: First Financial reported $0.51 EPS vs. $0.48 expected and revenue of $164.72M (up 13.1% YoY), and declared a $0.19 quarterly dividend (annualized $0.76, ~2.3% yield) with an ex-dividend date of March 13.
- Market view and valuation: FFIN trades around $33 with a $4.77B market cap and a 18.8 P/E, while analysts' consensus is a "Hold" with an average price target of $38.00.
First Financial Bankshares, Inc. (NASDAQ:FFIN - Get Free Report) Director Robert Clark Nickles, Jr. bought 629 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was bought at an average cost of $32.54 per share, for a total transaction of $20,467.66. Following the completion of the purchase, the director directly owned 96,960 shares of the company's stock, valued at $3,155,078.40. This represents a 0.65% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
First Financial Bankshares Price Performance
FFIN stock opened at $33.29 on Wednesday. The firm has a 50 day simple moving average of $31.54 and a two-hundred day simple moving average of $33.11. The stock has a market cap of $4.77 billion, a PE ratio of 18.81 and a beta of 0.86. First Financial Bankshares, Inc. has a one year low of $29.43 and a one year high of $38.74.
First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last posted its quarterly earnings data on Friday, January 23rd. The bank reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $164.72 million during the quarter, compared to the consensus estimate of $165.70 million. During the same period in the previous year, the firm posted $0.43 EPS. The firm's revenue was up 13.1% compared to the same quarter last year. On average, research analysts expect that First Financial Bankshares, Inc. will post 1.78 EPS for the current fiscal year.
First Financial Bankshares Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Friday, March 13th. First Financial Bankshares's dividend payout ratio is presently 42.94%.
Wall Street Analyst Weigh In
FFIN has been the subject of a number of recent research reports. Keefe, Bruyette & Woods dropped their target price on First Financial Bankshares from $38.00 to $36.00 and set a "market perform" rating for the company in a research report on Friday, October 24th. Hovde Group raised shares of First Financial Bankshares from a "market perform" rating to an "outperform" rating and set a $39.00 price objective for the company in a research note on Monday, October 27th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of First Financial Bankshares in a report on Friday, January 9th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $38.00.
Read Our Latest Stock Report on FFIN
Institutional Trading of First Financial Bankshares
Institutional investors have recently made changes to their positions in the stock. HHM Wealth Advisors LLC purchased a new position in shares of First Financial Bankshares in the third quarter worth $25,000. Corsicana & Co. purchased a new stake in First Financial Bankshares during the 3rd quarter valued at $27,000. Olistico Wealth LLC bought a new stake in First Financial Bankshares in the 4th quarter worth $30,000. Quarry LP increased its position in shares of First Financial Bankshares by 66.3% in the third 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 period. Finally, Danske Bank A S raised its stake in shares of First Financial Bankshares by 200.0% during the fourth quarter. Danske Bank A S now owns 1,200 shares of the bank's stock valued at $36,000 after acquiring an additional 800 shares during the last quarter. Hedge funds and other institutional investors own 69.78% of the company's stock.
First Financial Bankshares Company Profile
(
Get Free Report)
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.
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