Insider Buying: First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Acquires 750 Shares of Stock

First Financial Bankshares, Inc. (NASDAQ:FFIN - Get Free Report) Director Murray Hamilton Edwards acquired 750 shares of the business's stock in a transaction on Tuesday, May 7th. The shares were purchased at an average cost of $30.96 per share, for a total transaction of $23,220.00. Following the completion of the transaction, the director now owns 41,584 shares in the company, valued at approximately $1,287,440.64. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

First Financial Bankshares Stock Performance

Shares of FFIN traded down $0.21 during mid-day trading on Wednesday, reaching $30.87. The company had a trading volume of 288,048 shares, compared to its average volume of 499,125. The company has a market capitalization of $4.41 billion, a price-to-earnings ratio of 22.05 and a beta of 0.83. First Financial Bankshares, Inc. has a 52 week low of $22.84 and a 52 week high of $33.15. The firm has a 50-day moving average price of $30.89 and a 200 day moving average price of $29.44.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The bank reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.02. The business had revenue of $129.63 million for the quarter, compared to analysts' expectations of $129.72 million. First Financial Bankshares had a return on equity of 14.28% and a net margin of 30.03%. The firm's quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.39 EPS. As a group, research analysts forecast that First Financial Bankshares, Inc. will post 1.47 earnings per share for the current fiscal year.

First Financial Bankshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be paid a dividend of $0.18 per share. The ex-dividend date is Friday, June 14th. This represents a $0.72 dividend on an annualized basis and a yield of 2.33%. First Financial Bankshares's dividend payout ratio is presently 51.43%.

Analysts Set New Price Targets

Several analysts have weighed in on FFIN shares. Stephens cut their price objective on First Financial Bankshares from $35.00 to $31.00 and set an "equal weight" rating on the stock in a research report on Friday, April 19th. Truist Financial dropped their price target on First Financial Bankshares from $34.00 to $32.00 and set a "hold" rating on the stock in a research report on Monday, April 22nd. Finally, Keefe, Bruyette & Woods boosted their price target on First Financial Bankshares from $30.00 to $31.00 and gave the stock a "market perform" rating in a research report on Friday, January 26th. One research analyst has rated the stock with a sell rating and three have issued a hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $31.33.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in FFIN. First Financial Bankshares Inc purchased a new stake in First Financial Bankshares during the 4th quarter valued at approximately $553,577,000. Vanguard Group Inc. grew its position in shares of First Financial Bankshares by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 14,465,552 shares of the bank's stock valued at $438,306,000 after purchasing an additional 120,252 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of First Financial Bankshares by 1.4% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,615,353 shares of the bank's stock worth $90,818,000 after purchasing an additional 50,774 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of First Financial Bankshares by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,365,643 shares of the bank's stock worth $71,685,000 after buying an additional 49,701 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in First Financial Bankshares by 3.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,568,765 shares of the bank's stock valued at $47,534,000 after buying an additional 46,164 shares during the last quarter. Institutional investors 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.