The First Financial Bankshares, Inc. (FFIN) Director Buys $82,800.00 in Stock, Report finds

The First Financial Bankshares, Inc. (FFIN) Director Buys $82,800.00 in Stock, Report finds

Murray Hamilton Edwards also recently made the following trade(s):

First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Murray Hamilton Edwards purchased 2,000 shares of the stock in a transaction that occurred on Wednesday, February 8th. The shares were purchased at an average cost of $41.40 per share, for a total transaction of $82,800.00. Following the completion of the acquisition, the director now directly owns 91,823 shares of the company’s stock, valued at approximately $3,801,472.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

First Financial Bankshares, Inc. (NASDAQ:FFIN) opened at 41.90 on Monday. The stock has a 50 day moving average of $43.40 and a 200 day moving average of $39.58. First Financial Bankshares, Inc. has a 1-year low of $25.05 and a 1-year high of $46.70. The stock has a market capitalization of $2.77 billion, a P/E ratio of 26.40 and a beta of 1.32.

First Financial Bankshares (NASDAQ:FFIN) last announced its quarterly earnings data on Thursday, January 26th. The company reported $0.40 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.40. The business had revenue of $78.26 million for the quarter, compared to analyst estimates of $85.09 million. First Financial Bankshares had a net margin of 33.01% and a return on equity of 12.29%. The company’s revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.38 EPS. On average, analysts expect that First Financial Bankshares, Inc. will post $1.67 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 3rd. Stockholders of record on Wednesday, March 15th will be issued a dividend of $0.18 per share. The ex-dividend date is Monday, March 13th. This represents a $0.72 annualized dividend and a dividend yield of 1.72%. First Financial Bankshares’s payout ratio is currently 45.28%.

FFIN has been the topic of several recent analyst reports. Zacks Investment Research raised shares of First Financial Bankshares from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a report on Tuesday, January 3rd. Keefe, Bruyette & Woods downgraded shares of First Financial Bankshares from a “market perform” rating to an “underperform” rating and increased their price objective for the company from $30.00 to $37.00 in a report on Tuesday, November 29th. Finally, Hovde Group downgraded shares of First Financial Bankshares from a “market perform” rating to an “underperform” rating and increased their price objective for the company from $37.50 to $43.00 in a report on Friday, November 18th.

Several hedge funds and other institutional investors have recently made changes to their positions in FFIN. Bbva Compass Bancshares Inc. increased its stake in First Financial Bankshares by 97.4% in the second quarter. Bbva Compass Bancshares Inc. now owns 14,778 shares of the company’s stock worth $484,000 after buying an additional 7,292 shares during the period. Nationwide Fund Advisors increased its stake in First Financial Bankshares by 0.4% in the second quarter. Nationwide Fund Advisors now owns 41,643 shares of the company’s stock worth $1,365,000 after buying an additional 160 shares during the period. Teacher Retirement System of Texas increased its stake in First Financial Bankshares by 15.4% in the second quarter. Teacher Retirement System of Texas now owns 7,409 shares of the company’s stock worth $243,000 after buying an additional 988 shares during the period. Prudential Financial Inc. increased its stake in First Financial Bankshares by 1.5% in the second quarter. Prudential Financial Inc. now owns 160,072 shares of the company’s stock worth $5,249,000 after buying an additional 2,340 shares during the period. Finally, Vanguard Group Inc. increased its stake in First Financial Bankshares by 4.1% in the second quarter. Vanguard Group Inc. now owns 5,062,224 shares of the company’s stock worth $165,990,000 after buying an additional 198,095 shares during the period. Institutional investors and hedge funds own 46.61% of the company’s stock.

About First Financial Bankshares

First Financial Bankshares, Inc is a financial holding company. Through its subsidiaries, the Company conducts commercial banking business. It provides commercial banking services, which include accepting and holding checking, savings and time deposits, making loans, automated teller machines, drive-in and night deposit services, safe deposit facilities, remote deposit capture, Internet banking, mobile banking, payroll cards, transmitting funds and other customary commercial banking services.

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