By otakuyassine3@gmail.com 
First Financial Bankshares, Inc. (NASDAQ:FFIN – Get Free Report) CEO F Scott Dueser sold 25,000 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $40.73, for a total value of $1,018,250.00. Following the completion of the transaction, the chief executive officer now owns 471,004 shares of the company’s stock, valued at $19,183,992.92. The trade was a 5.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
First Financial Bankshares Stock Performance
First Financial Bankshares stock traded up $0.19 during midday trading on Monday, reaching $40.66. 88,288 shares of the company’s stock were exchanged, compared to its average volume of 531,634. First Financial Bankshares, Inc. has a 52 week low of $27.06 and a 52 week high of $44.66. The firm has a market cap of $5.81 billion, a price-to-earnings ratio of 27.91 and a beta of 0.81. The stock’s 50-day simple moving average is $39.48 and its 200 day simple moving average is $35.70.
First Financial Bankshares (NASDAQ:FFIN – Get Free Report) last posted its quarterly earnings results on Thursday, October 17th. The bank reported $0.39 EPS for the quarter, hitting analysts’ consensus estimates of $0.39. First Financial Bankshares had a return on equity of 13.43% and a net margin of 28.76%. The business had revenue of $142.10 million during the quarter, compared to analysts’ expectations of $140.25 million. Research analysts forecast that First Financial Bankshares, Inc. will post 1.52 earnings per share for the current year.
First Financial Bankshares Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.72 annualized dividend and a yield of 1.77%. First Financial Bankshares’s dividend payout ratio (DPR) is presently 49.66%.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on FFIN. Stephens raised their price objective on First Financial Bankshares from $37.00 to $40.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. Keefe, Bruyette & Woods raised their price objective on First Financial Bankshares from $36.00 to $40.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Hovde Group raised their price objective on First Financial Bankshares from $34.50 to $40.00 and gave the company a “market perform” rating in a report on Monday, October 21st. Finally, Truist Financial lifted their price target on First Financial Bankshares from $39.00 to $40.00 and gave the stock a “hold” rating in a report on Friday, September 20th.
Check Out Our Latest Research Report on First Financial Bankshares
Institutional Investors Weigh In On First Financial Bankshares
Several hedge funds have recently bought and sold shares of the stock. Lindenwold Advisors INC lifted its position in First Financial Bankshares by 2.8% during the third quarter. Lindenwold Advisors INC now owns 9,091 shares of the bank’s stock worth $336,000 after acquiring an additional 250 shares during the last quarter. Signaturefd LLC lifted its position in First Financial Bankshares by 5.0% during the second quarter. Signaturefd LLC now owns 5,637 shares of the bank’s stock worth $166,000 after acquiring an additional 270 shares during the last quarter. Crewe Advisors LLC lifted its position in First Financial Bankshares by 6.0% during the second quarter. Crewe Advisors LLC now owns 5,265 shares of the bank’s stock worth $155,000 after acquiring an additional 296 shares during the last quarter. Ballentine Partners LLC lifted its position in First Financial Bankshares by 2.8% during the third quarter. Ballentine Partners LLC now owns 12,190 shares of the bank’s stock worth $451,000 after acquiring an additional 333 shares during the last quarter. Finally, Huntington National Bank lifted its position in First Financial Bankshares by 32.2% during the third quarter. Huntington National Bank now owns 2,369 shares of the bank’s stock worth $88,000 after acquiring an additional 577 shares during the last quarter. 69.78% of the stock is currently owned by institutional investors and hedge funds.
First Financial Bankshares Company Profile
First Financial Bankshares, Inc, through its subsidiaries, provides commercial banking products and services in Texas. The company offers checking, savings and time deposits; automated teller machines, drive-in, and night deposit services; safe deposit facilities, remote deposit capture, internet banking, mobile banking, payroll cards, funds transfer, and performing other customary commercial banking services; securities brokerage services; and trust and wealth management services, including wealth management, estates administration, oil and gas management, testamentary trusts, revocable and irrevocable trusts, and agency accounts.
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