First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Purchases $10,515.00 in Stock

First Financial Bankshares, Inc. (NASDAQ:FFIN - Get Free Report) Director Murray Hamilton Edwards purchased 300 shares of First Financial Bankshares stock in a transaction on Thursday, May 29th. The shares were acquired at an average cost of $35.05 per share, with a total value of $10,515.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

First Financial Bankshares Stock Up 1.5%

Shares of NASDAQ:FFIN traded up $0.53 during trading on Tuesday, hitting $35.71. 197,016 shares of the stock traded hands, compared to its average volume of 513,588. The company has a market cap of $5.11 billion, a price-to-earnings ratio of 22.89 and a beta of 0.89. The company has a fifty day moving average price of $34.10 and a two-hundred day moving average price of $36.49. First Financial Bankshares, Inc. has a 52-week low of $27.62 and a 52-week high of $44.66.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last released its quarterly earnings results 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 analyst estimates of $149.48 million. On average, equities research analysts predict that First Financial Bankshares, Inc. will post 1.78 EPS for the current fiscal year.

First Financial Bankshares Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 16th will be given a dividend of $0.19 per share. The ex-dividend date is Monday, June 16th. This is a boost from First Financial Bankshares's previous quarterly dividend of $0.18. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.13%. First Financial Bankshares's dividend payout ratio (DPR) is 46.91%.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On First Financial Bankshares

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in First Financial Bankshares by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 14,095,584 shares of the bank's stock valued at $508,146,000 after purchasing an additional 110,923 shares during the period. Champlain Investment Partners LLC lifted its position in shares of 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 buying an additional 161,991 shares in the last quarter. Strategic Financial Concepts LLC grew its stake in First Financial Bankshares by 3,508.3% in 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 increased its holdings in First Financial Bankshares by 1.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,572,218 shares of the bank's stock worth $92,733,000 after acquiring an additional 42,280 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC raised its position in First Financial Bankshares by 36.0% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,465,774 shares of the bank's stock worth $88,571,000 after acquiring an additional 652,575 shares during the period. Institutional investors and hedge funds own 69.78% of the company's stock.

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.