Murray Hamilton Edwards Acquires 1,000 Shares of First Financial Bankshares (NASDAQ:FFIN) Stock

First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Murray Hamilton Edwards purchased 1,000 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was bought at an average price of $33.18 per share, for a total transaction of $33,180.00. Following the acquisition, the director owned 44,634 shares of the company’s stock, valued at $1,480,956.12. This represents a 2.29% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

First Financial Bankshares Trading Down 1.0%

First Financial Bankshares stock traded down $0.35 during trading hours on Monday, hitting $33.31. 463,688 shares of the stock traded hands, compared to its average volume of 794,571. The firm’s 50-day moving average price is $31.98 and its two-hundred day moving average price is $31.62. The company has a market cap of $4.77 billion, a PE ratio of 18.08 and a beta of 0.83. First Financial Bankshares, Inc. has a one year low of $28.11 and a one year high of $38.74.

First Financial Bankshares (NASDAQ:FFIN) last posted its quarterly earnings data on Friday, April 17th. The bank reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.03. The business had revenue of $166.89 million for the quarter, compared to analysts’ expectations of $166.78 million. First Financial Bankshares had a return on equity of 14.20% and a net margin of 31.00%.During the same period in the previous year, the firm posted $0.43 EPS. On average, sell-side analysts expect that First Financial Bankshares, Inc. will post 2.04 earnings per share for the current fiscal year.

First Financial Bankshares Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th will be issued a dividend of $0.22 per share. This is a boost from First Financial Bankshares’s previous quarterly dividend of $0.19. The ex-dividend date is Friday, June 12th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.6%. First Financial Bankshares’s dividend payout ratio (DPR) is presently 47.83%.

Analyst Ratings Changes

A number of analysts have recently commented on FFIN shares. Keefe, Bruyette & Woods dropped their target price on shares of First Financial Bankshares from $36.00 to $34.00 and set a “market perform” rating on the stock in a report on Thursday, April 9th. Weiss Ratings restated a “hold (c)” rating on shares of First Financial Bankshares in a report on Wednesday, April 8th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $37.33.

Institutional Trading of First Financial Bankshares

A number of hedge funds have recently modified their holdings of the business. Royal Bank of Canada raised its position in shares of First Financial Bankshares by 10.8% in the 1st quarter. Royal Bank of Canada now owns 64,287 shares of the bank’s stock worth $2,309,000 after purchasing an additional 6,290 shares during the last quarter. AQR Capital Management LLC raised its position in shares of First Financial Bankshares by 51.3% in the 1st quarter. AQR Capital Management LLC now owns 118,437 shares of the bank’s stock worth $4,228,000 after purchasing an additional 40,173 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of First Financial Bankshares by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 77,474 shares of the bank’s stock worth $2,783,000 after purchasing an additional 3,382 shares during the last quarter. Empowered Funds LLC purchased a new position in shares of First Financial Bankshares in the 1st quarter worth about $1,760,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of First Financial Bankshares by 17.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 396,513 shares of the bank’s stock worth $14,243,000 after purchasing an additional 59,416 shares during the last quarter. Institutional investors own 69.78% of the company’s stock.

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.