First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Murray Hamilton Edwards acquired 195 shares of the company’s stock in a transaction on Friday, May 18th. The shares were acquired at an average cost of $53.00 per share, for a total transaction of $10,335.00. Following the completion of the acquisition, the director now owns 92,478 shares of the company’s stock, valued at $4,901,334. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
FFIN traded up $0.35 on Monday, reaching $52.95. The company had a trading volume of 17,602 shares, compared to its average volume of 217,572. The company has a market capitalization of $3.56 billion, a P/E ratio of 31.15 and a beta of 1.26. First Financial Bankshares, Inc. has a 52-week low of $37.31 and a 52-week high of $53.25.
First Financial Bankshares (NASDAQ:FFIN) last announced its earnings results on Thursday, April 19th. The bank reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.04. The business had revenue of $89.87 million for the quarter, compared to the consensus estimate of $89.40 million. First Financial Bankshares had a net margin of 36.61% and a return on equity of 12.63%. During the same period last year, the firm posted $0.40 earnings per share. research analysts anticipate that First Financial Bankshares, Inc. will post 2.05 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, July 2nd. Investors of record on Friday, June 15th will be paid a $0.21 dividend. This is an increase from First Financial Bankshares’s previous quarterly dividend of $0.19. This represents a $0.84 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend is Thursday, June 14th. First Financial Bankshares’s dividend payout ratio (DPR) is currently 44.71%.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Profund Advisors LLC raised its stake in shares of First Financial Bankshares by 33.8% during the 4th quarter. Profund Advisors LLC now owns 13,249 shares of the bank’s stock worth $597,000 after buying an additional 3,347 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in First Financial Bankshares by 2.8% during the 4th quarter. Bank of New York Mellon Corp now owns 1,177,634 shares of the bank’s stock worth $53,052,000 after acquiring an additional 32,593 shares during the last quarter. Deutsche Bank AG grew its holdings in First Financial Bankshares by 128.8% during the 4th quarter. Deutsche Bank AG now owns 144,074 shares of the bank’s stock worth $6,490,000 after acquiring an additional 81,097 shares during the last quarter. Crewe Advisors LLC bought a new stake in First Financial Bankshares during the 4th quarter worth approximately $218,000. Finally, Rhumbline Advisers grew its holdings in First Financial Bankshares by 15.0% during the 4th quarter. Rhumbline Advisers now owns 162,154 shares of the bank’s stock worth $7,305,000 after acquiring an additional 21,147 shares during the last quarter. 51.52% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have recently issued reports on FFIN. Zacks Investment Research downgraded shares of First Financial Bankshares from a “buy” rating to a “hold” rating in a report on Wednesday, May 16th. BidaskClub raised shares of First Financial Bankshares from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 9th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $47.00 price target on shares of First Financial Bankshares in a report on Tuesday, February 27th. Hovde Group set a $46.00 price target on shares of First Financial Bankshares and gave the stock a “hold” rating in a report on Monday, January 29th. Finally, Sandler O’Neill reissued a “sell” rating and issued a $40.00 price target on shares of First Financial Bankshares in a report on Friday, January 26th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $44.71.
First Financial Bankshares Company Profile
First Financial Bankshares, Inc, through its subsidiaries, provides commercial banking products and services primarily in Texas. The company accepts checking, savings, and time deposits; and offers real estate, commercial, agricultural, and consumer loans to businesses, professionals, individuals, and farm and ranch operations.
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