First Financial Bankshares (NASDAQ:FFIN) Director Geoff Haney Acquires 10,200 Shares

Key Points

  • Director Geoff Haney acquired 10,200 shares of First Financial Bankshares at an average price of $33.18 on Feb. 20, boosting his ownership 46.48% to 32,146 shares valued at about $1.07 million.
  • First Financial beat Q4 EPS estimates with $0.51 (vs. $0.48 expected), reported revenue up 13.1% year‑over‑year, and posted a return on equity of 14.16%.
  • The company announced a quarterly dividend of $0.19 per share (annualized $0.76), implying a ~2.4% yield and a payout ratio of about 42.9%, payable April 1 with record date March 13.

First Financial Bankshares, Inc. (NASDAQ:FFIN - Get Free Report) Director Geoff Haney acquired 10,200 shares of First Financial Bankshares stock in a transaction dated Friday, February 20th. The shares were purchased at an average cost of $33.18 per share, with a total value of $338,436.00. Following the completion of the transaction, the director directly owned 32,146 shares of the company's stock, valued at $1,066,604.28. This trade represents a 46.48% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

First Financial Bankshares Stock Performance

NASDAQ:FFIN opened at $31.98 on Tuesday. The stock has a 50-day simple moving average of $32.15 and a 200 day simple moving average of $32.92. First Financial Bankshares, Inc. has a 52-week low of $29.43 and a 52-week high of $38.74. The company has a market cap of $4.58 billion, a PE ratio of 18.07 and a beta of 0.86.

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

First Financial Bankshares Announces Dividend




The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be issued a dividend of $0.19 per share. The ex-dividend date is Friday, March 13th. This represents a $0.76 annualized dividend and a yield of 2.4%. First Financial Bankshares's dividend payout ratio is presently 42.94%.

Hedge Funds Weigh In On First Financial Bankshares

Hedge funds and other institutional investors have recently bought and sold shares of the business. HHM Wealth Advisors LLC bought a new stake in First Financial Bankshares in the third quarter valued at approximately $25,000. Corsicana & Co. acquired a new position in shares of First Financial Bankshares during the 3rd quarter worth approximately $27,000. Olistico Wealth LLC acquired a new position in shares of First Financial Bankshares during the 4th quarter worth approximately $30,000. Quarry LP raised its stake in First Financial Bankshares by 66.3% in 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 during the period. Finally, Danske Bank A S lifted its holdings in First Financial Bankshares by 200.0% during the 4th quarter. Danske Bank A S now owns 1,200 shares of the bank's stock valued at $36,000 after purchasing an additional 800 shares during the last quarter. Institutional investors own 69.78% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on FFIN shares. Hovde Group raised shares of First Financial Bankshares from a "market perform" rating to an "outperform" rating and set a $39.00 price target on the stock in a research report on Monday, October 27th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of First Financial Bankshares in a research report on Friday, January 9th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, First Financial Bankshares has an average rating of "Hold" and an average target price of $38.00.

View Our Latest Stock Analysis on First Financial Bankshares

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.

Recommended Stories

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

This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].

Insider Buying or Selling at First Financial Bankshares?
Sign-up to receive InsiderTrades.com's daily insider buying and selling report for First Financial Bankshares and related companies.
Free Insider Buying and Selling Newsletter
Enter your email address below to receive InsiderTrades.com's daily insider buying and selling report.
From Our Partners

Most Read This Month

Recent Articles