First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Murray Hamilton Edwards Purchases 300 Shares

First Financial Bankshares, Inc. (NASDAQ:FFIN - Get Free Report) Director Murray Hamilton Edwards purchased 300 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The stock was bought at an average price of $35.05 per share, for a total transaction of $10,515.00. Following the purchase, the director now directly owns 42,134 shares in the company, valued at $1,476,796.70. The trade was a 0.72% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

First Financial Bankshares Price Performance

FFIN stock traded down $0.02 during trading on Friday, hitting $35.36. 955,209 shares of the stock traded hands, compared to its average volume of 548,903. First Financial Bankshares, Inc. has a 1 year low of $27.62 and a 1 year high of $44.66. The firm's 50 day moving average is $34.12 and its two-hundred day moving average is $36.56. The stock has a market cap of $5.06 billion, a price-to-earnings ratio of 22.67 and a beta of 0.89.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The bank reported $0.43 EPS for the quarter, meeting the consensus estimate of $0.43. First Financial Bankshares had a net margin of 29.69% and a return on equity of 14.24%. The company had revenue of $149.02 million for the quarter, compared to the consensus estimate of $149.48 million. As a group, analysts anticipate that First Financial Bankshares, Inc. will post 1.78 EPS for the current fiscal year.

First Financial Bankshares Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 16th will be paid a dividend of $0.19 per share. The ex-dividend date is Monday, June 16th. This represents a $0.76 annualized dividend and a yield of 2.15%. This is a boost from First Financial Bankshares's previous quarterly dividend of $0.18. First Financial Bankshares's dividend payout ratio is currently 46.91%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on FFIN shares. Keefe, Bruyette & Woods cut their target price on First Financial Bankshares from $38.00 to $36.00 and set a "market perform" rating on the stock in a research note on Monday, April 21st. Hovde Group cut their price objective on shares of First Financial Bankshares from $40.00 to $38.00 and set a "market perform" rating on the stock in a research report on Monday, April 21st.

Hedge Funds Weigh In On First Financial Bankshares

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in First Financial Bankshares by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 14,095,584 shares of the bank's stock valued at $508,146,000 after acquiring an additional 110,923 shares during the period. Champlain Investment Partners LLC lifted its stake in First Financial Bankshares by 5.9% during the 1st quarter. Champlain Investment Partners LLC now owns 2,901,239 shares of the bank's stock valued at $104,213,000 after acquiring an additional 161,991 shares during the period. Strategic Financial Concepts LLC lifted its stake in First Financial Bankshares by 3,508.3% during the 4th quarter. Strategic Financial Concepts LLC now owns 2,807,834 shares of the bank's stock valued at $101,222,000 after acquiring an additional 2,730,017 shares during the period. Dimensional Fund Advisors LP lifted its stake in First Financial Bankshares by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,572,218 shares of the bank's stock valued at $92,733,000 after acquiring an additional 42,280 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its stake in First Financial Bankshares by 36.0% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,465,774 shares of the bank's stock valued at $88,571,000 after acquiring an additional 652,575 shares during the period. Institutional investors own 69.78% of the company's stock.

About First Financial Bankshares

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.