First Financial Bankshares, Inc. (NASDAQ:FFIN - Get Free Report) CAO Ronald David Butler II sold 15,000 shares of First Financial Bankshares stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $34.95, for a total value of $524,250.00. Following the completion of the transaction, the chief accounting officer directly owned 152,223 shares in the company, valued at approximately $5,320,193.85. This represents a 8.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
First Financial Bankshares Stock Down 0.7%
Shares of FFIN stock opened at $34.63 on Wednesday. First Financial Bankshares, Inc. has a 12 month low of $28.11 and a 12 month high of $38.12. The firm has a market cap of $4.96 billion, a PE ratio of 18.52 and a beta of 0.81. The stock has a 50 day moving average of $34.54 and a 200-day moving average of $32.66.
First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last announced its quarterly earnings data on Friday, July 17th. The bank reported $0.50 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.50. First Financial Bankshares had a net margin of 31.03% and a return on equity of 14.00%. The business had revenue of $172.76 million for the quarter, compared to the consensus estimate of $173.03 million. During the same quarter last year, the company posted $0.47 earnings per share. As a group, equities analysts predict that First Financial Bankshares, Inc. will post 2.04 EPS for the current fiscal year.
First Financial Bankshares Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Monday, September 14th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Monday, September 14th. This represents a $0.88 dividend on an annualized basis and a yield of 2.5%. First Financial Bankshares's dividend payout ratio is 47.06%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of FFIN. Versant Capital Management Inc raised its holdings in shares of First Financial Bankshares by 8.4% during the second quarter. Versant Capital Management Inc now owns 3,824 shares of the bank's stock worth $132,000 after acquiring an additional 295 shares during the period. Smart Money Group LLC boosted its stake in First Financial Bankshares by 0.4% in the 1st quarter. Smart Money Group LLC now owns 80,245 shares of the bank's stock worth $2,363,000 after purchasing an additional 354 shares during the period. Rockefeller Capital Management L.P. boosted its stake in First Financial Bankshares by 2.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 13,147 shares of the bank's stock worth $393,000 after purchasing an additional 356 shares during the period. Ballentine Partners LLC increased its holdings in First Financial Bankshares by 3.0% during the 4th quarter. Ballentine Partners LLC now owns 13,482 shares of the bank's stock worth $403,000 after purchasing an additional 391 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in First Financial Bankshares by 32.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,661 shares of the bank's stock worth $60,000 after purchasing an additional 406 shares in the last quarter. 69.78% of the stock is owned by institutional investors.
Analyst Ratings Changes
FFIN has been the topic of several research reports. Cantor Fitzgerald restated a "neutral" rating and set a $35.00 price objective (up from $34.00) on shares of First Financial Bankshares in a report on Wednesday, July 15th. Benchmark began coverage on shares of First Financial Bankshares in a research note on Wednesday, June 24th. They issued a "buy" rating and a $39.00 target price for the company. Finally, Weiss Ratings raised First Financial Bankshares from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, First Financial Bankshares presently has a consensus rating of "Moderate Buy" and a consensus price target of $36.75.
Get Our Latest Analysis on FFIN
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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