First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Acquires $210,720.00 in Stock

First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Johnny Trotter acquired 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average cost of $35.12 per share, for a total transaction of $210,720.00. Following the completion of the purchase, the director now directly owns 949,371 shares of the company’s stock, valued at $33,341,909.52. The trade was a 0.64 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

First Financial Bankshares Price Performance

Shares of NASDAQ:FFIN opened at $35.78 on Friday. First Financial Bankshares, Inc. has a one year low of $27.62 and a one year high of $44.66. The company has a market cap of $5.12 billion, a price-to-earnings ratio of 22.94 and a beta of 0.78. The firm has a 50 day simple moving average of $36.90 and a 200 day simple moving average of $37.73.

First Financial Bankshares (NASDAQ:FFIN) last announced its quarterly earnings results on Thursday, January 23rd. The bank reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. First Financial Bankshares had a return on equity of 14.24% and a net margin of 29.69%. As a group, 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 Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date is Friday, March 14th. First Financial Bankshares’s payout ratio is 46.15%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods lifted their price target on First Financial Bankshares from $40.00 to $41.00 and gave the company a “market perform” rating in a research note on Monday, January 27th.

Institutional Trading of First Financial Bankshares

Several hedge funds and other institutional investors have recently made changes to their positions in FFIN. Lindenwold Advisors INC boosted its position in First Financial Bankshares by 2.8% during the 3rd quarter. Lindenwold Advisors INC now owns 9,091 shares of the bank’s stock worth $336,000 after buying an additional 250 shares during the period. Federated Hermes Inc. lifted its holdings in shares of First Financial Bankshares by 2.3% during the fourth quarter. Federated Hermes Inc. now owns 13,313 shares of the bank’s stock worth $480,000 after purchasing an additional 295 shares during the period. Arizona State Retirement System grew its stake in shares of First Financial Bankshares by 0.9% in the fourth quarter. Arizona State Retirement System now owns 35,263 shares of the bank’s stock worth $1,271,000 after purchasing an additional 302 shares during the last quarter. Kingsview Wealth Management LLC increased its holdings in First Financial Bankshares by 1.2% in the fourth quarter. Kingsview Wealth Management LLC now owns 26,649 shares of the bank’s stock valued at $961,000 after purchasing an additional 312 shares during the period. Finally, Numerai GP LLC raised its position in First Financial Bankshares by 1.8% during the 4th quarter. Numerai GP LLC now owns 18,033 shares of the bank’s stock worth $650,000 after purchasing an additional 312 shares during the last quarter. 69.78% of the stock is currently owned by institutional investors.

About First Financial Bankshares

First Financial Bankshares, Inc, through its subsidiaries, provides commercial banking products and services in Texas. The company offers checking, savings and time deposits; automated teller machines, drive-in, and night deposit services; safe deposit facilities, remote deposit capture, internet banking, mobile banking, payroll cards, funds transfer, and performing other customary commercial banking services; securities brokerage services; and trust and wealth management services, including wealth management, estates administration, oil and gas management, testamentary trusts, revocable and irrevocable trusts, and agency accounts.