First Financial Bankshares (NASDAQ:FFIN) Director Acquires $53,136.00 in Stock

Key Points

  • Director Sally Pope Davis bought 1,800 shares at $29.52 each (totaling $53,136), increasing her stake by 21% to 10,371 shares valued at about $306,152.
  • First Financial declared a quarterly dividend of $0.19 per share (annualized $0.76) with an ex-dividend/record date of March 13 and a payment date of April 1, implying roughly a 2.5% yield.
  • The bank reported quarterly EPS of $0.51 (beating estimates) and 13.1% year-over-year revenue growth, while analysts’ consensus rating is "Hold" with an average price target of $38.00.

First Financial Bankshares, Inc. (NASDAQ:FFIN - Get Free Report) Director Sally Pope Davis purchased 1,800 shares of the stock in a transaction that occurred on Friday, March 6th. The stock was bought at an average cost of $29.52 per share, for a total transaction of $53,136.00. Following the acquisition, the director directly owned 10,371 shares in the company, valued at $306,151.92. This trade represents a 21.00% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

First Financial Bankshares Trading Up 0.6%

Shares of NASDAQ FFIN opened at $30.26 on Tuesday. The stock has a fifty day simple moving average of $32.18 and a two-hundred day simple moving average of $32.62. First Financial Bankshares, Inc. has a 1-year low of $28.89 and a 1-year high of $38.74. The firm has a market cap of $4.33 billion, a price-to-earnings ratio of 17.10 and a beta of 0.83.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last issued its earnings results on Friday, January 23rd. The bank reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. The firm had revenue of $164.72 million for the quarter, compared to analyst estimates 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 period in the previous year, the company posted $0.43 earnings per share. Analysts forecast that First Financial Bankshares, Inc. will post 1.78 EPS for the current year.

First Financial Bankshares Announces Dividend




The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.76 annualized dividend and a yield of 2.5%. First Financial Bankshares's dividend payout ratio is 42.94%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a "hold (c)" rating on shares of First Financial Bankshares in a research report on Friday, January 9th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $38.00.

Get Our Latest Stock Analysis on FFIN

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its stake in First Financial Bankshares by 3,042,660.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 21,512,315 shares of the bank's stock valued at $642,573,000 after buying an additional 21,511,608 shares during the period. State Street Corp grew its position in First Financial Bankshares by 1.5% during the fourth quarter. State Street Corp now owns 6,140,759 shares of the bank's stock worth $184,551,000 after buying an additional 87,988 shares in the last quarter. Geode Capital Management LLC increased its stake in First Financial Bankshares by 1.8% in the 2nd quarter. Geode Capital Management LLC now owns 3,452,051 shares of the bank's stock worth $124,218,000 after acquiring an additional 61,599 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of First Financial Bankshares by 6.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,715,913 shares of the bank's stock valued at $81,129,000 after acquiring an additional 165,801 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of First Financial Bankshares in the 4th quarter valued at about $51,227,000. Institutional investors own 69.78% of the company's stock.

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.

Further Reading

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