First Financial Bankshares (NASDAQ:FFIN) Director Robert Clark Nickles, Jr. Buys 664 Shares

First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Robert Clark Nickles, Jr. bought 664 shares of the company’s stock in a transaction on Tuesday, May 5th. The stock was bought at an average price of $31.96 per share, for a total transaction of $21,221.44. Following the completion of the purchase, the director directly owned 97,624 shares in the company, valued at approximately $3,120,063.04. This represents a 0.68% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

First Financial Bankshares Price Performance

Shares of FFIN stock opened at $32.60 on Thursday. The company has a market capitalization of $4.67 billion, a P/E ratio of 17.72 and a beta of 0.83. The company’s 50-day simple moving average is $30.78 and its two-hundred day simple moving average is $31.39. First Financial Bankshares, Inc. has a one year low of $28.11 and a one year high of $38.74.

First Financial Bankshares (NASDAQ:FFIN) last announced its quarterly earnings results on Friday, April 17th. The bank reported $0.50 EPS for the quarter, beating the consensus estimate of $0.47 by $0.03. The firm had revenue of $166.89 million for the quarter, compared to analyst estimates of $166.78 million. First Financial Bankshares had a return on equity of 14.20% and a net margin of 31.00%.During the same quarter last year, the firm posted $0.43 earnings per share. On average, research analysts expect that First Financial Bankshares, Inc. will post 2.04 EPS for the current fiscal year.

First Financial Bankshares Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th will be paid a dividend of $0.22 per share. This is an increase from First Financial Bankshares’s previous quarterly dividend of $0.19. This represents a $0.88 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, June 12th. First Financial Bankshares’s payout ratio is 47.83%.

Institutional Trading of First Financial Bankshares

A number of institutional investors have recently modified their holdings of FFIN. HHM Wealth Advisors LLC bought a new stake in shares of First Financial Bankshares in the 3rd quarter valued at about $25,000. Olistico Wealth LLC bought a new stake in shares of First Financial Bankshares in the 4th quarter valued at about $30,000. Quarry LP boosted its holdings in shares of First Financial Bankshares by 66.3% in the 3rd quarter. Quarry LP now owns 1,026 shares of the bank’s stock valued at $35,000 after buying an additional 409 shares in the last quarter. Danske Bank A S boosted its holdings in shares of 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 buying an additional 800 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of First Financial Bankshares in the 4th quarter valued at about $44,000. 69.78% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on FFIN. Weiss Ratings restated a “hold (c)” rating on shares of First Financial Bankshares in a research note on Wednesday, April 8th. Keefe, Bruyette & Woods cut their price target on First Financial Bankshares from $36.00 to $34.00 and set a “market perform” rating on the stock in a research note on Thursday, April 9th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $37.33.

First Financial Bankshares Company Profile

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.