First Financial Bankshares Inc (NASDAQ:FFIN) Director Murray Hamilton Edwards bought 380 shares of the company’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was bought at an average price of $38.50 per share, for a total transaction of $14,630.00. Following the acquisition, the director now directly owns 91,288 shares of the company’s stock, valued at approximately $3,514,588. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
First Financial Bankshares Inc (NASDAQ:FFIN) traded down 0.25% on Thursday, reaching $39.30. 137,762 shares of the company’s stock traded hands. First Financial Bankshares Inc has a 12-month low of $29.69 and a 12-month high of $46.70. The stock has a market cap of $2.58 billion, a price-to-earnings ratio of 24.56 and a beta of 1.32. The stock has a 50 day moving average price of $39.55 and a 200 day moving average price of $42.22.
First Financial Bankshares (NASDAQ:FFIN) last released its quarterly earnings data on Thursday, April 20th. The bank reported $0.40 EPS for the quarter, beating the consensus estimate of $0.39 by $0.01. The business had revenue of $78.30 million for the quarter, compared to the consensus estimate of $83.55 million. First Financial Bankshares had a net margin of 33.01% and a return on equity of 12.29%. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.39 EPS. Analysts forecast that First Financial Bankshares Inc will post $1.69 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 3rd. Stockholders of record on Friday, June 16th will be issued a $0.19 dividend. This is an increase from First Financial Bankshares’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a dividend yield of 1.93%. The ex-dividend date is Wednesday, June 14th. First Financial Bankshares’s dividend payout ratio is 45.28%.
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Several equities research analysts recently issued reports on FFIN shares. Zacks Investment Research cut shares of First Financial Bankshares from a “hold” rating to a “sell” rating in a report on Friday, March 24th. Keefe, Bruyette & Woods upgraded shares of First Financial Bankshares from an “underperform” rating to a “market perform” rating and raised their target price for the stock from $37.00 to $38.00 in a report on Friday, April 21st. Hovde Group upgraded shares of First Financial Bankshares from an “underperform” rating to a “market perform” rating and set a $43.00 target price on the stock in a report on Wednesday, March 22nd. Finally, Stephens restated a “hold” rating on shares of First Financial Bankshares in a report on Monday, April 24th.
Hedge funds have recently added to or reduced their stakes in the stock. State Street Corp increased its stake in First Financial Bankshares by 8.8% in the fourth quarter. State Street Corp now owns 1,681,461 shares of the bank’s stock valued at $76,003,000 after buying an additional 135,622 shares during the period. Norges Bank acquired a new stake in First Financial Bankshares during the fourth quarter valued at approximately $24,266,000. BOKF NA increased its stake in First Financial Bankshares by 5.7% in the third quarter. BOKF NA now owns 11,040 shares of the bank’s stock valued at $402,000 after buying an additional 599 shares during the period. Dimensional Fund Advisors LP increased its stake in First Financial Bankshares by 15.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 906,057 shares of the bank’s stock valued at $40,954,000 after buying an additional 121,665 shares during the period. Finally, AQR Capital Management LLC increased its stake in First Financial Bankshares by 1.2% in the fourth quarter. AQR Capital Management LLC now owns 6,041 shares of the bank’s stock valued at $273,000 after buying an additional 70 shares during the period. 46.61% of the stock is currently owned by institutional investors and hedge funds.
About First Financial Bankshares
First Financial Bankshares, Inc is a financial holding company. The Company, through its subsidiaries, conducts commercial banking business. As of December 31, 2016, the Company’s subsidiaries included First Financial Bank, National Association, Abilene, Texas; First Technology Services, Inc, Abilene, Texas; First Financial Trust & Asset Management Company, National Association, Abilene, Texas; First Financial Investments, Inc, Abilene, Texas, and First Financial Insurance Agency, Inc, Abilene, Texas.
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