Insider Buying: First Financial Bankshares (NASDAQ:FFIN) Director Acquires 1,500 Shares of Stock

Key Points

• Director Geoff Haney bought 1,500 shares on March 12 at an average price of $29.18 (≈$43,770), raising his stake to 33,646 shares (a 4.67% increase); he also acquired 10,200 shares on Feb. 20 at $33.18.
• The company declared a quarterly dividend of $0.19 per share (annualized $0.76; yield 2.6%), with an ex-dividend date of March 13 and pay date April 1.
• First Financial reported a quarterly EPS of $0.51, beating expectations by $0.03 and showing 13.1% revenue growth year-over-year, while the stock trades near $29.43 with a consensus analyst rating of "Hold" (target $38).

First Financial Bankshares, Inc. (NASDAQ:FFIN - Get Free Report) Director Geoff Haney bought 1,500 shares of the company's stock in a transaction dated Thursday, March 12th. The stock was bought at an average cost of $29.18 per share, with a total value of $43,770.00. Following the acquisition, the director directly owned 33,646 shares of the company's stock, valued at approximately $981,790.28. The trade was a 4.67% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Geoff Haney also recently made the following trade(s):

• On Friday, February 20th, Geoff Haney acquired 10,200 shares of First Financial Bankshares stock. The shares were bought at an average price of $33.18 per share, with a total value of $338,436.00.

First Financial Bankshares Trading Down 0.6%

First Financial Bankshares stock traded down $0.19 during mid-day trading on Friday, reaching $29.43. The company had a trading volume of 355,755 shares, compared to its average volume of 841,096. The business has a fifty day simple moving average of $32.18 and a 200 day simple moving average of $32.53. The company has a market cap of $4.21 billion, a P/E ratio of 16.63 and a beta of 0.83. First Financial Bankshares, Inc. has a fifty-two week low of $28.54 and a fifty-two week high of $38.74.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last announced its quarterly earnings results on Friday, January 23rd. The bank reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.03. First Financial Bankshares had a return on equity of 14.16% and a net margin of 30.43%.The company had revenue of $164.72 million during the quarter, compared to analysts' expectations of $165.70 million. During the same period in the prior year, the company earned $0.43 EPS. First Financial Bankshares's revenue was up 13.1% compared to the same quarter last year. Research analysts forecast that First Financial Bankshares, Inc. will post 1.78 EPS for the current year.

First Financial Bankshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Friday, March 13th. First Financial Bankshares's payout ratio is 42.94%.

Institutional Trading of First Financial Bankshares

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FFIN. HHM Wealth Advisors LLC bought a new stake in shares of First Financial Bankshares in the 3rd quarter valued at $25,000. Corsicana & Co. bought a new stake in First Financial Bankshares during the third quarter valued at $27,000. Olistico Wealth LLC acquired a new stake in First Financial Bankshares during the 4th quarter worth about $30,000. Quarry LP raised its position 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 worth $35,000 after acquiring an additional 409 shares in the last quarter. Finally, Danske Bank A S boosted its position in shares of First Financial Bankshares by 200.0% during the 4th quarter. Danske Bank A S now owns 1,200 shares of the bank's stock valued at $36,000 after purchasing an additional 800 shares in the last quarter. Institutional investors and hedge funds own 69.78% of the company's stock.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a "hold (c)" rating on shares of First Financial Bankshares in a research report on Friday, January 9th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $38.00.

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.

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