First Financial Bankshares, Inc. (NASDAQ:FFIN – Get Free Report) Director Murray Hamilton Edwards purchased 1,000 shares of First Financial Bankshares stock in a transaction on Thursday, June 11th. The shares were acquired at an average price of $33.18 per share, for a total transaction of $33,180.00. Following the completion of the transaction, the director directly owned 44,634 shares of the company’s stock, valued at approximately $1,480,956.12. The trade was a 2.29% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.
First Financial Bankshares Price Performance
NASDAQ FFIN traded down $0.35 on Monday, reaching $33.31. 463,688 shares of the company’s stock traded hands, compared to its average volume of 794,571. First Financial Bankshares, Inc. has a 12 month low of $28.11 and a 12 month high of $38.74. The stock has a 50-day simple moving average of $31.98 and a 200 day simple moving average of $31.62. The stock has a market cap of $4.77 billion, a PE ratio of 18.08 and a beta of 0.83.
First Financial Bankshares (NASDAQ:FFIN – Get Free Report) last issued its quarterly earnings results on Friday, April 17th. The bank reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. The business had revenue of $166.89 million for the quarter, compared to analysts’ expectations of $166.78 million. First Financial Bankshares had a net margin of 31.00% and a return on equity of 14.20%. During the same period last year, the business earned $0.43 earnings per share. As a group, analysts anticipate that First Financial Bankshares, Inc. will post 2.04 EPS for the current year.
First Financial Bankshares Increases Dividend
Analyst Ratings Changes
Several research analysts have recently issued reports on the stock. Weiss Ratings restated a “hold (c)” rating on shares of First Financial Bankshares in a report on Wednesday, April 8th. Keefe, Bruyette & Woods cut their target price on shares of First Financial Bankshares from $36.00 to $34.00 and set a “market perform” rating on the stock in a report on Thursday, April 9th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $37.33.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Kingsview Wealth Management LLC boosted its holdings in First Financial Bankshares by 1.2% in the third quarter. Kingsview Wealth Management LLC now owns 27,059 shares of the bank’s stock valued at $911,000 after acquiring an additional 321 shares in the last quarter. Signaturefd LLC boosted its holdings in First Financial Bankshares by 6.2% in the fourth quarter. Signaturefd LLC now owns 5,863 shares of the bank’s stock valued at $175,000 after acquiring an additional 344 shares in the last quarter. Smart Money Group LLC boosted its holdings in First Financial Bankshares by 0.4% in the first quarter. Smart Money Group LLC now owns 80,245 shares of the bank’s stock valued at $2,363,000 after acquiring an additional 354 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in First Financial Bankshares by 2.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 13,147 shares of the bank’s stock valued at $393,000 after acquiring an additional 356 shares in the last quarter. Finally, Ballentine Partners LLC boosted its holdings in First Financial Bankshares by 3.0% in the fourth quarter. Ballentine Partners LLC now owns 13,482 shares of the bank’s stock valued at $403,000 after acquiring an additional 391 shares in the last quarter. 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.
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