First Financial Bankshares, Inc. (NASDAQ:FFIN – Get Rating) Director Kade Matthews bought 5,000 shares of the business’s stock in a transaction dated Friday, April 29th. The shares were purchased at an average cost of $40.80 per share, with a total value of $204,000.00. Following the completion of the acquisition, the director now owns 10,848 shares in the company, valued at $442,598.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
First Financial Bankshares stock opened at $39.98 on Friday. The firm has a market capitalization of $5.70 billion, a price-to-earnings ratio of 25.30 and a beta of 0.85. First Financial Bankshares, Inc. has a fifty-two week low of $39.80 and a fifty-two week high of $55.00. The stock’s fifty day moving average is $44.40 and its two-hundred day moving average is $48.31.
First Financial Bankshares (NASDAQ:FFIN – Get Rating) last issued its quarterly earnings results on Thursday, April 21st. The bank reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. First Financial Bankshares had a return on equity of 13.04% and a net margin of 43.17%. On average, equities research analysts anticipate that First Financial Bankshares, Inc. will post 1.55 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 1st. Investors of record on Thursday, June 16th will be issued a dividend of $0.17 per share. This is an increase from First Financial Bankshares’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend is Wednesday, June 15th. First Financial Bankshares’s dividend payout ratio (DPR) is presently 37.97%.
A number of hedge funds have recently bought and sold shares of FFIN. Sageworth Trust Co of South Dakota purchased a new stake in First Financial Bankshares during the 4th quarter worth approximately $31,000. Massmutual Trust Co. FSB ADV bought a new position in First Financial Bankshares in the 1st quarter valued at about $32,000. Ahrens Investment Partners LLC lifted its holdings in First Financial Bankshares by 520.2% in the 1st quarter. Ahrens Investment Partners LLC now owns 769 shares of the bank’s stock valued at $34,000 after acquiring an additional 645 shares during the last quarter. Schubert & Co purchased a new stake in First Financial Bankshares during the fourth quarter valued at about $69,000. Finally, Steward Financial Group LLC purchased a new stake in shares of First Financial Bankshares in the fourth quarter worth approximately $112,000. Institutional investors own 53.50% of the company’s stock.
Several equities research analysts have issued reports on FFIN shares. StockNews.com raised shares of First Financial Bankshares from a “sell” rating to a “hold” rating in a research note on Saturday. Zacks Investment Research upgraded shares of First Financial Bankshares from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a report on Wednesday.
First Financial Bankshares Company Profile (Get Rating)
First Financial Bankshares, Inc, through its subsidiaries, provides commercial banking products and services in Texas. The company accepts checking, savings and money market accounts, and time deposits; commercial and industrial, municipal, agricultural, construction and development, farm, non-owner occupied and owner-occupied commercial real estate, residential, and consumer auto and non-auto loans to businesses, professional individuals, and farm and ranch operations.
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