Geoff Haney Buys 10,200 Shares of First Financial Bankshares (NASDAQ:FFIN) Stock

First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Geoff Haney acquired 10,200 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The stock was acquired at an average price of $33.18 per share, for a total transaction of $338,436.00. Following the completion of the acquisition, the director directly owned 32,146 shares of the company’s stock, valued at $1,066,604.28. This trade represents a 46.48% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.

First Financial Bankshares Price Performance

Shares of First Financial Bankshares stock traded down $1.35 on Monday, hitting $31.98. 666,592 shares of the company’s stock traded hands, compared to its average volume of 812,657. The firm’s 50-day moving average price is $32.15 and its two-hundred day moving average price is $32.92. The stock has a market capitalization of $4.58 billion, a PE ratio of 18.07 and a beta of 0.86. First Financial Bankshares, Inc. has a one year low of $29.43 and a one year high of $38.74.

First Financial Bankshares (NASDAQ:FFIN) last announced its quarterly earnings data on Friday, January 23rd. The bank reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. First Financial Bankshares had a return on equity of 14.16% and a net margin of 30.43%.The business had revenue of $164.72 million during the quarter, compared to analysts’ expectations of $165.70 million. During the same period in the previous year, the firm earned $0.43 earnings per share. The firm’s quarterly revenue was up 13.1% compared to the same quarter last year. On average, analysts forecast that First Financial Bankshares, Inc. will post 1.78 earnings per share for the current fiscal year.

First Financial Bankshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Friday, March 13th. First Financial Bankshares’s dividend payout ratio (DPR) is currently 42.94%.

Analysts Set New Price Targets

FFIN has been the topic of several analyst reports. Hovde Group upgraded shares of First Financial Bankshares from a “market perform” rating to an “outperform” rating and set a $39.00 target price on the stock in a report on Monday, October 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of First Financial Bankshares in a report on Friday, January 9th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $38.00.

Hedge Funds Weigh In On First Financial Bankshares

Institutional investors have recently bought and sold shares of the business. HHM Wealth Advisors LLC acquired a new stake in shares of First Financial Bankshares in the third quarter valued at approximately $25,000. Corsicana & Co. bought a new stake in First Financial Bankshares in the 3rd quarter valued at $27,000. Olistico Wealth LLC acquired a new position in shares of First Financial Bankshares in the fourth quarter valued at $30,000. Quarry LP raised its position in shares of First Financial Bankshares by 66.3% in the third quarter. Quarry LP now owns 1,026 shares of the bank’s stock valued at $35,000 after purchasing an additional 409 shares during the period. Finally, Danske Bank A S lifted its stake in shares of First Financial Bankshares by 200.0% during the 4th quarter. Danske Bank A S now owns 1,200 shares of the bank’s stock worth $36,000 after buying an additional 800 shares during the last quarter. Institutional investors and hedge funds own 69.78% of the company’s stock.

About First Financial Bankshares

First Financial Bankshares, Inc is a regional bank holding company headquartered in Cincinnati, Ohio. Through its primary subsidiary, First Financial Bank, the company offers a full suite of banking products and services to individual, small business and commercial clients. With roots dating back to 1863, First Financial has cultivated a strong community banking heritage, combining personalized service with modern financial solutions.

The company’s core business activities include commercial and consumer lending, deposit products, treasury management, mortgage origination and servicing, and wealth management.