Key Points
- Director Johnny Trotter bought 4,000 shares of First Financial Bankshares at an average price of $30.02 on March 5 (≈$120,080), raising his stake to 955,444 shares — a 0.42% ownership increase disclosed in an SEC filing.
- First Financial reported quarterly EPS of $0.51, beating estimates by $0.03, with revenue of $164.72 million (up 13.1% year-over-year) while analysts expect the company to post roughly 1.78 EPS for the current year.
- The company declared a quarterly dividend of $0.19 per share, payable April 1 with an ex-dividend/record date of March 13, implying a $0.76 annualized payout and a 2.5% yield (payout ratio ~42.9%).
First Financial Bankshares, Inc. (NASDAQ:FFIN - Get Free Report) Director Johnny Trotter bought 4,000 shares of First Financial Bankshares stock in a transaction dated Thursday, March 5th. The shares were bought at an average cost of $30.02 per share, with a total value of $120,080.00. Following the completion of the acquisition, the director owned 955,444 shares of the company's stock, valued at $28,682,428.88. The trade was a 0.42% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
First Financial Bankshares Stock Performance
FFIN traded down $0.22 during trading on Friday, reaching $30.08. The company had a trading volume of 971,953 shares, compared to its average volume of 758,115. The firm's 50-day simple moving average is $32.19 and its 200 day simple moving average is $32.70. The company has a market cap of $4.31 billion, a price-to-earnings ratio of 16.99 and a beta of 0.83. First Financial Bankshares, Inc. has a 12-month low of $28.89 and a 12-month 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 EPS for the quarter, beating 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 analyst estimates of $165.70 million. During the same period in the prior year, the firm earned $0.43 earnings per share. The business's quarterly revenue was up 13.1% on a year-over-year basis. On average, sell-side analysts expect that First Financial Bankshares, Inc. will post 1.78 EPS for the current year.
First Financial Bankshares Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.5%. First Financial Bankshares's payout ratio is currently 42.94%.
Institutional Investors Weigh In On First Financial Bankshares
A number of institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. grew its holdings in shares of First Financial Bankshares by 3,042,660.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 21,512,315 shares of the bank's stock valued at $642,573,000 after acquiring an additional 21,511,608 shares in the last quarter. Norges Bank purchased a new stake in shares of First Financial Bankshares during the fourth quarter worth $51,227,000. Millennium Management LLC boosted its position in First Financial Bankshares by 4,145.8% during the fourth quarter. Millennium Management LLC now owns 1,709,631 shares of the bank's stock valued at $51,067,000 after purchasing an additional 1,669,365 shares during the last quarter. Invesco Ltd. boosted its position in First Financial Bankshares by 170.9% during the second quarter. Invesco Ltd. now owns 1,101,028 shares of the bank's stock valued at $39,615,000 after purchasing an additional 694,534 shares during the last quarter. Finally, Tudor Investment Corp ET AL grew its stake in First Financial Bankshares by 460.0% in the fourth quarter. Tudor Investment Corp ET AL now owns 503,246 shares of the bank's stock valued at $15,032,000 after purchasing an additional 413,376 shares in the last quarter. Institutional investors and hedge funds own 69.78% of the company's stock.
Analysts Set New Price Targets
Separately, Weiss Ratings reaffirmed a "hold (c)" rating on shares of First Financial Bankshares in a research note on Friday, January 9th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, First Financial Bankshares has an average rating of "Hold" and a consensus price target of $38.00.
View Our Latest Research Report on First Financial Bankshares
About First Financial Bankshares
(
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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