First Financial Bankshares, Inc. (NASDAQ:FFIN - Get Free Report) Director Murray Hamilton Edwards acquired 1,000 shares of First Financial Bankshares stock in a transaction on Friday, March 13th. The stock was purchased at an average cost of $29.32 per share, for a total transaction of $29,320.00. Following the purchase, the director owned 43,634 shares in the company, valued at approximately $1,279,348.88. The trade was a 2.35% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Murray Hamilton Edwards also recently made the following trade(s):
- On Thursday, February 5th, Murray Hamilton Edwards bought 500 shares of First Financial Bankshares stock. The shares were purchased at an average price of $34.18 per share, with a total value of $17,090.00.
First Financial Bankshares Stock Performance
FFIN stock opened at $29.49 on Tuesday. The firm has a fifty day moving average price of $32.14 and a 200 day moving average price of $32.35. First Financial Bankshares, Inc. has a fifty-two week low of $28.54 and a fifty-two week high of $38.74. The firm has a market cap of $4.22 billion, a PE ratio of 16.66 and a beta of 0.83.
First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last announced its quarterly earnings results on Friday, January 23rd. The bank reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.03. The company had revenue of $164.72 million for the quarter, compared to analysts' expectations of $165.70 million. First Financial Bankshares had a net margin of 30.43% and a return on equity of 14.16%. First Financial Bankshares's quarterly revenue was up 13.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.43 earnings per share. On average, equities analysts predict that First Financial Bankshares, Inc. will post 1.78 EPS for the current year.
First Financial Bankshares Dividend Announcement
The firm also recently announced 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. The ex-dividend date is Friday, March 13th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.6%. First Financial Bankshares's payout ratio is 42.94%.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reaffirmed a "hold (c)" rating on shares of First Financial Bankshares in a report on Friday, January 9th. One equities research 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, First Financial Bankshares currently has a consensus rating of "Hold" and a consensus price target of $38.00.
Read Our Latest Stock Report on First Financial Bankshares
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the company. HHM Wealth Advisors LLC bought a new position in First Financial Bankshares during the third quarter valued at $25,000. Corsicana & Co. bought a new stake in shares of First Financial Bankshares in the 3rd quarter worth about $27,000. Olistico Wealth LLC purchased a new position in shares of First Financial Bankshares during the 4th quarter worth about $30,000. Quarry LP boosted its stake 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 worth $35,000 after purchasing an additional 409 shares during the period. Finally, Danske Bank A S grew 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. 69.78% of the stock is owned by hedge funds and other institutional investors.
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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