Insider Buying: First Financial Bankshares (NASDAQ:FFIN) Director Acquires 500 Shares of Stock

Key Points

  • Insider purchase: Director Murray Hamilton Edwards bought 500 shares on Feb. 5 at $34.18 each (total $17,090), raising his stake to 42,634 shares—a 1.19% increase—per an SEC filing.
  • Earnings beat and growth: First Financial reported $0.51 EPS vs. $0.48 expected and revenue of $164.72M (up 13.1% YoY), with a return on equity of 14.16% and a net margin of 30.43%.
  • Dividend and market view: The bank declared a $0.19 quarterly dividend (annualized $0.76, 2.2% yield; ex-dividend Mar. 13, payable Apr. 1); the stock trades near $34.78 with a P/E of 19.65 and a consensus "Hold" target of $38.

First Financial Bankshares, Inc. (NASDAQ:FFIN - Get Free Report) Director Murray Hamilton Edwards bought 500 shares of the company's stock in a transaction dated Thursday, February 5th. The stock was acquired at an average price of $34.18 per share, for a total transaction of $17,090.00. Following the acquisition, the director directly owned 42,634 shares in the company, valued at $1,457,230.12. This trade represents a 1.19% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

First Financial Bankshares Trading Up 1.6%

FFIN opened at $34.78 on Friday. The stock has a fifty day moving average price of $31.72 and a 200 day moving average price of $33.10. First Financial Bankshares, Inc. has a 1 year low of $29.43 and a 1 year high of $38.74. The stock has a market cap of $4.98 billion, a price-to-earnings ratio of 19.65 and a beta of 0.86.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last issued its quarterly earnings data on Friday, January 23rd. The bank reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.03. First Financial Bankshares had a return on equity of 14.16% and a net margin of 30.43%.The business had revenue of $164.72 million for the quarter, compared to analyst estimates of $165.70 million. During the same quarter in the prior year, the firm posted $0.43 EPS. The firm's revenue for the quarter was up 13.1% on a year-over-year basis. As a group, sell-side analysts forecast that First Financial Bankshares, Inc. will post 1.78 earnings per share for the current fiscal year.

First Financial Bankshares Announces Dividend




The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Friday, March 13th. First Financial Bankshares's dividend payout ratio is 42.94%.

Institutional Trading of First Financial Bankshares

Several institutional investors have recently modified their holdings of FFIN. HHM Wealth Advisors LLC bought a new position in First Financial Bankshares in the third quarter worth $25,000. Corsicana & Co. acquired a new position in shares of First Financial Bankshares in the 3rd quarter valued at $27,000. Olistico Wealth LLC bought a new position in shares of First Financial Bankshares during the 4th quarter worth about $30,000. Quarry LP boosted its position in shares of First Financial Bankshares by 66.3% during the 3rd quarter. Quarry LP now owns 1,026 shares of the bank's stock valued at $35,000 after acquiring an additional 409 shares in the last quarter. Finally, Danske Bank A S increased its stake in First Financial Bankshares by 200.0% in 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 period. Institutional investors and hedge funds own 69.78% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Hovde Group raised 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 report on Monday, October 27th. Weiss Ratings reiterated a "hold (c)" rating on shares of First Financial Bankshares in a report on Friday, January 9th. Finally, Keefe, Bruyette & Woods reduced their price objective 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. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, First Financial Bankshares has an average rating of "Hold" and a consensus target price of $38.00.

Read Our Latest Stock Analysis on FFIN

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.

Further Reading

Insider Buying and Selling by Quarter for First Financial Bankshares (NASDAQ:FFIN)

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