First Financial Bankshares (NASDAQ:FFIN) Director Geoff Haney Buys 1,500 Shares

First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Geoff Haney bought 1,500 shares of the business’s stock in a transaction on Thursday, March 12th. The stock was bought at an average cost of $29.18 per share, with a total value of $43,770.00. Following the completion of the purchase, the director directly owned 33,646 shares in the company, valued at approximately $981,790.28. The trade was a 4.67% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Geoff Haney also recently made the following trade(s):

• On Friday, February 20th, Geoff Haney purchased 10,200 shares of First Financial Bankshares stock. The shares were purchased at an average cost of $33.18 per share, for a total transaction of $338,436.00.

First Financial Bankshares Trading Down 0.2%

Shares of FFIN opened at $29.56 on Friday. First Financial Bankshares, Inc. has a 12-month low of $28.54 and a 12-month high of $38.74. The firm has a market capitalization of $4.23 billion, a P/E ratio of 16.70 and a beta of 0.83. The firm has a 50-day moving average price of $32.17 and a 200 day moving average price of $32.48.

First Financial Bankshares (NASDAQ:FFIN) last issued its earnings results on Friday, January 23rd. The bank reported $0.51 EPS for the quarter, topping 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 net margin of 30.43% and a return on equity of 14.16%. First Financial Bankshares’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.43 earnings per share. Equities research analysts predict 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. Stockholders of record on Friday, March 13th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, March 13th. First Financial Bankshares’s payout ratio is presently 42.94%.

Institutional Inflows and Outflows

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

Wall Street Analysts Forecast Growth

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

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.