First Financial Bankshares, Inc. (NASDAQ:FFIN) CEO Sells $1,031,600.00 in Stock

Thursday, June 10, 2021 | MarketBeat

First Financial Bankshares, Inc. (NASDAQ:FFIN) CEO F Scott Dueser sold 20,000 shares of First Financial Bankshares stock in a transaction on Wednesday, June 9th. The stock was sold at an average price of $51.58, for a total transaction of $1,031,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of First Financial Bankshares stock traded down $0.37 during trading hours on Thursday, reaching $51.23. The company's stock had a trading volume of 5,079 shares, compared to its average volume of 484,264. First Financial Bankshares, Inc. has a one year low of $26.71 and a one year high of $52.49. The business's 50 day moving average price is $48.99. The stock has a market capitalization of $7.29 billion, a PE ratio of 33.08 and a beta of 0.90.

First Financial Bankshares (NASDAQ:FFIN) last released its quarterly earnings data on Wednesday, April 21st. The bank reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.03. First Financial Bankshares had a net margin of 43.24% and a return on equity of 13.55%. The firm had revenue of $127.25 million for the quarter, compared to analyst estimates of $125.18 million. Equities research analysts forecast that First Financial Bankshares, Inc. will post 1.53 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 1st. Investors of record on Wednesday, June 16th will be issued a $0.15 dividend. This is an increase from First Financial Bankshares's previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Tuesday, June 15th. This represents a $0.60 annualized dividend and a dividend yield of 1.17%. First Financial Bankshares's dividend payout ratio (DPR) is 36.62%.

A number of institutional investors and hedge funds have recently modified their holdings of FFIN. Alliancebernstein L.P. boosted its holdings in shares of First Financial Bankshares by 528.2% during the fourth quarter. Alliancebernstein L.P. now owns 2,223,131 shares of the bank's stock valued at $80,422,000 after acquiring an additional 1,869,253 shares during the period. Norges Bank acquired a new position in First Financial Bankshares during the 4th quarter valued at about $48,499,000. BlackRock Inc. grew its position in First Financial Bankshares by 3.3% in the 1st quarter. BlackRock Inc. now owns 16,063,239 shares of the bank's stock worth $750,637,000 after purchasing an additional 510,582 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of First Financial Bankshares by 14.3% in the first quarter. JPMorgan Chase & Co. now owns 2,770,228 shares of the bank's stock valued at $129,453,000 after purchasing an additional 346,910 shares during the period. Finally, Lisanti Capital Growth LLC bought a new stake in shares of First Financial Bankshares during the first quarter valued at approximately $10,550,000. Hedge funds and other institutional investors own 52.59% of the company's stock.

Several research firms have recently weighed in on FFIN. Zacks Investment Research raised shares of First Financial Bankshares from a "hold" rating to a "buy" rating and set a $55.00 target price for the company in a research report on Thursday, May 27th. Truist boosted their price target on First Financial Bankshares from $47.00 to $52.00 in a report on Tuesday, April 27th.

About First Financial Bankshares

First Financial Bankshares, Inc, through its subsidiaries, provides commercial banking products and services in Texas. The company accepts checking, savings and money market accounts, and time deposits; and offers real estate, commercial, agricultural, and consumer loans to businesses, professionals, individuals, and farm and ranch operations.

Read More: What Are Treasury Bonds?

Insider Buying and Selling by Quarter for First Financial Bankshares (NASDAQ:FFIN)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Featured Article: Certificate of Deposit (CD) For Risk Adverse Investors?

7 Stocks That Could Benefit From a Capital Gains Tax Hike

One thing every investor needs to learn is the effect of capital gains on their investments. Every time an investor sells a stock that has appreciated in value, that capital gain is subject to being taxed. Stocks that are held for less than a year pay a short-term capital gains tax rate. Stocks that are held for over a year pay a long-term capital gains tax rate.

In general, a capital gains tax hike is a bearish indicator for stocks. However, there are a couple of strategies that can help investors avoid some of the tax hit. One strategy is to keep your investments in an individual retirement account (IRA) or 401(k). However many higher-income earners want to have more access to the funds in their brokerage accounts.

A sound strategy for these investors involves buying dividend stocks. Dividend income is also taxed (unless it is reinvested), but typically when the capital gains tax rate is raised, the dividend income rate stays the same. This makes dividend stocks more attractive.

Investing in dividend stocks is never a bad idea, but at times when the capital gains tax rate is favorable, growth stocks provide a better reward for investor capital. But when long-term capital gains tax rates go up, those gains can get expensive.

In this special presentation, we’ll give you seven stocks that have a nice dividend yield and a strong story to go along with them.

View the "7 Stocks That Could Benefit From a Capital Gains Tax Hike".

MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.