Insider Selling: First Financial Bankshares (NASDAQ:FFIN) CAO Sells $524,250.00 in Stock

Key Points

• Insider sale: Chief Accounting Officer Ronald David Butler II sold 15,000 FFIN shares for $524,250, reducing his holdings by 8.97% to 152,223 shares.
• Stock and earnings: FFIN recently traded at $34.56, while the company matched quarterly EPS estimates at $0.50 and reported $172.76 million in revenue.
• Investor outlook: First Financial declared a quarterly dividend of $0.22 per share, and analysts maintain a “Moderate Buy” consensus with an average price target of $36.75.

First Financial Bankshares, Inc. (NASDAQ:FFIN - Get Free Report) CAO Ronald David Butler II sold 15,000 shares of the firm's stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $34.95, for a total transaction of $524,250.00. Following the sale, the chief accounting officer owned 152,223 shares of the company's stock, valued at approximately $5,320,193.85. This represents a 8.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

First Financial Bankshares Stock Performance

FFIN traded down $0.29 on Tuesday, reaching $34.56. The company had a trading volume of 239,940 shares, compared to its average volume of 826,999. First Financial Bankshares, Inc. has a fifty-two week low of $28.11 and a fifty-two week high of $38.12. The stock has a market cap of $4.95 billion, a P/E ratio of 18.49 and a beta of 0.81. The company's fifty day moving average is $34.51 and its 200 day moving average is $32.63.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last issued its quarterly earnings data on Friday, July 17th. The bank reported $0.50 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.50. First Financial Bankshares had a net margin of 31.03% and a return on equity of 14.00%. The firm had revenue of $172.76 million during the quarter, compared to the consensus estimate of $173.03 million. During the same period last year, the business posted $0.47 earnings per share. On average, sell-side analysts expect that First Financial Bankshares, Inc. will post 2.04 EPS for the current year.

First Financial Bankshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Monday, September 14th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Monday, September 14th. First Financial Bankshares's dividend payout ratio (DPR) is presently 47.06%.

Analysts Set New Price Targets

A number of research analysts have commented on FFIN shares. Weiss Ratings raised First Financial Bankshares from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, August 3rd. Benchmark initiated coverage on First Financial Bankshares in a report on Wednesday, June 24th. They set a "buy" rating and a $39.00 target price for the company. Finally, Cantor Fitzgerald restated a "neutral" rating and issued a $35.00 price target (up from $34.00) on shares of First Financial Bankshares in a research note on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $36.75.

Institutional Trading of First Financial Bankshares

Institutional investors have recently modified their holdings of the stock. Quarry LP raised its stake in First Financial Bankshares by 66.3% in the third quarter. Quarry LP now owns 1,026 shares of the bank's stock valued at $35,000 after purchasing an additional 409 shares in the last quarter. Danske Bank A S grew its stake in First Financial Bankshares by 200.0% during the fourth quarter. Danske Bank A S now owns 1,200 shares of the bank's stock worth $36,000 after buying an additional 800 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in First Financial Bankshares in the 4th quarter valued at about $44,000. CIBC Private Wealth Group LLC bought a new position in First Financial Bankshares in the 3rd quarter valued at about $50,000. Finally, State of Wyoming acquired a new position in shares of First Financial Bankshares in the 2nd quarter valued at approximately $54,000. 69.78% of the stock is currently owned by institutional investors.

About First Financial Bankshares

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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