First Financial Bankshares (NASDAQ:FFIN) Director Sally Pope Davis Acquires 1,800 Shares

First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Sally Pope Davis bought 1,800 shares of the firm’s stock in a transaction dated Friday, March 6th. The stock was acquired at an average cost of $29.52 per share, with a total value of $53,136.00. Following the transaction, the director owned 10,371 shares of the company’s stock, valued at $306,151.92. This trade represents a 21.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

First Financial Bankshares Price Performance

First Financial Bankshares stock traded up $0.18 during mid-day trading on Monday, hitting $30.26. The company’s stock had a trading volume of 1,061,755 shares, compared to its average volume of 850,623. First Financial Bankshares, Inc. has a 52-week low of $28.89 and a 52-week high of $38.74. The company has a market cap of $4.33 billion, a PE ratio of 17.10 and a beta of 0.83. The firm’s 50 day moving average is $32.19 and its 200 day moving average is $32.66.

First Financial Bankshares (NASDAQ:FFIN) last issued its earnings results on Friday, January 23rd. The bank reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. The company had revenue of $164.72 million for the quarter, compared to the consensus estimate of $165.70 million. First Financial Bankshares had a return on equity of 14.16% and a net margin of 30.43%.The firm’s quarterly revenue was up 13.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.43 EPS. As a group, analysts forecast that First Financial Bankshares, Inc. will post 1.78 EPS for the current year.

First Financial Bankshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.5%. First Financial Bankshares’s dividend payout ratio (DPR) is 42.94%.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of First Financial Bankshares in a research report on Friday, January 9th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, First Financial Bankshares presently has an average rating of “Hold” and a consensus price target of $38.00.

Institutional Trading of First Financial Bankshares

Several large investors have recently made changes to their positions in the stock. Royal Bank of Canada lifted its holdings in First Financial Bankshares by 10.8% in the 1st quarter. Royal Bank of Canada now owns 64,287 shares of the bank’s stock worth $2,309,000 after purchasing an additional 6,290 shares during the last quarter. AQR Capital Management LLC raised its position in shares of First Financial Bankshares by 51.3% in the first quarter. AQR Capital Management LLC now owns 118,437 shares of the bank’s stock valued at $4,228,000 after purchasing an additional 40,173 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of First Financial Bankshares by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 77,474 shares of the bank’s stock valued at $2,783,000 after purchasing an additional 3,382 shares during the period. Empowered Funds LLC acquired a new stake in shares of First Financial Bankshares in the first quarter worth $1,760,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of First Financial Bankshares by 17.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 396,513 shares of the bank’s stock worth $14,243,000 after buying an additional 59,416 shares during the period. Institutional investors 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.