First Financial Bankshares, Inc. (NASDAQ: FFIN – Get a rating) Manager Kade Matthews acquired 5,000 shares in a trade dated Friday, April 29. The shares were purchased at an average price of $40.80 per share, with a total value of $204,000.00. Following completion of the transaction, the administrator now directly owns 10,848 shares of the company, valued at $442,598.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available via the SEC website.
FFIN stock traded down $0.35 at midday on Friday, hitting $40.36. The company’s shares had a trading volume of 10,906 shares, compared to an average trading volume of 460,763. The company has a market capitalization of $5.76 billion, a price-earnings ratio of 25.77 and a beta of 0.85. The company’s 50-day moving average price is $44.54 and its 200-day moving average price is $48.36. First Financial Bankshares, Inc. has a 12-month low of $40.09 and a 12-month high of $55.00.
First Financial Bankshares (NASDAQ:FFIN – Get a rating) last reported results on Thursday, April 21. The bank reported earnings per share of $0.39 for the quarter, beating the Zacks consensus estimate of $0.37 by $0.02. First Financial Bankshares had a return on equity of 13.04% and a net margin of 43.17%. Research analysts expect First Financial Bankshares, Inc. to post 1.51 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 1. Shareholders of record on Thursday, June 16 will receive a dividend of $0.17. This is an increase from First Financial Bankshares’ previous quarterly dividend of $0.15. This represents a dividend of $0.68 on an annualized basis and a yield of 1.68%. The ex-date of this dividend is Wednesday, June 15. First Financial Bankshares’ payout ratio is currently 37.97%.
A number of brokerages have recently released reports on FFIN. Zacks Investment Research upgraded First Financial Bankshares from a “hold” rating to a “buy” rating and set a price target of $45.00 for the company in a research report on Wednesday. StockNews.com upgraded First Financial Bankshares from a “sell” rating to a “hold” rating in a Friday, April 22 research report.
A number of hedge funds have recently changed their FFIN holdings. South Dakota’s Sageworth Trust Co bought a new stake in First Financial Bankshares in the fourth quarter worth about $31,000. Massmutual Trust Co. FSB ADV purchased a new equity stake in First Financial Bankshares during the first quarter worth approximately $32,000. Ahrens Investment Partners LLC increased its equity stake in First Financial Bankshares by 520.2% during the first quarter. Ahrens Investment Partners LLC now owns 769 shares of the bank valued at $34,000 after acquiring an additional 645 shares last quarter. Schubert & Co purchased a new equity stake in First Financial Bankshares during the fourth quarter worth approximately $69,000. Finally, Steward Financial Group LLC purchased a new equity stake in First Financial Bankshares during the fourth quarter valued at approximately $112,000. Institutional investors and hedge funds own 53.50% of the company’s shares.
First Financial Bankshares Company Profile (Get a rating)
First Financial Bankshares, Inc, through its subsidiaries, provides commercial banking products and services in Texas. The company accepts checking, savings and money market accounts, as well as term deposits; commercial and industrial, municipal, agricultural, construction and development, agricultural, non-occupied and owner-occupied commercial real estate, residential, and auto and non-auto lending to businesses, professionals, and farms and ranches.
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