F Scott Dueser Sells 25,000 Shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) Stock

First Financial Bankshares, Inc. (NASDAQ:FFIN) CEO F Scott Dueser sold 25,000 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $40.73, for a total value of $1,018,250.00. Following the completion of the transaction, the chief executive officer now directly owns 471,004 shares in the company, valued at approximately $19,183,992.92. This trade represents a 5.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

First Financial Bankshares Price Performance

FFIN opened at $39.20 on Wednesday. The company has a market capitalization of $5.60 billion, a price-to-earnings ratio of 27.03 and a beta of 0.81. The business’s 50-day moving average price is $39.64 and its two-hundred day moving average price is $35.84. First Financial Bankshares, Inc. has a 1 year low of $27.06 and a 1 year high of $44.66.

First Financial Bankshares (NASDAQ:FFIN) last announced its earnings results on Thursday, October 17th. The bank reported $0.39 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.39. The business had revenue of $142.10 million for the quarter, compared to analyst estimates of $140.25 million. First Financial Bankshares had a return on equity of 13.43% and a net margin of 28.76%. Sell-side analysts anticipate that First Financial Bankshares, Inc. will post 1.52 earnings per share for the current fiscal year.

First Financial Bankshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend is Friday, December 13th. First Financial Bankshares’s dividend payout ratio is presently 49.66%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Hovde Group increased their target price on shares of First Financial Bankshares from $34.50 to $40.00 and gave the stock a “market perform” rating in a report on Monday, October 21st. Stephens boosted their target price on First Financial Bankshares from $37.00 to $40.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Keefe, Bruyette & Woods raised their price target on First Financial Bankshares from $36.00 to $40.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Finally, Truist Financial increased their target price on First Financial Bankshares from $39.00 to $40.00 and gave the stock a “hold” rating in a research note on Friday, September 20th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC lifted its position in First Financial Bankshares by 6.4% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 17,537 shares of the bank’s stock worth $518,000 after buying an additional 1,050 shares in the last quarter. Raymond James & Associates grew its holdings in shares of First Financial Bankshares by 17.4% in the 2nd quarter. Raymond James & Associates now owns 78,896 shares of the bank’s stock valued at $2,330,000 after acquiring an additional 11,701 shares in the last quarter. Neo Ivy Capital Management acquired a new stake in shares of First Financial Bankshares in the second quarter valued at about $41,000. Atria Wealth Solutions Inc. raised its holdings in First Financial Bankshares by 52.4% during the second quarter. Atria Wealth Solutions Inc. now owns 42,154 shares of the bank’s stock worth $1,252,000 after acquiring an additional 14,500 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in First Financial Bankshares by 1.1% during the second quarter. Bank of New York Mellon Corp now owns 1,375,856 shares of the bank’s stock valued at $40,629,000 after purchasing an additional 15,473 shares during the last quarter. Institutional investors and hedge funds own 69.78% of the company’s stock.

First Financial Bankshares Company Profile

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.