Insider Selling: First Financial Bankshares (NASDAQ:FFIN) CAO Sells 15,000 Shares of Stock

First Financial Bankshares, Inc. (NASDAQ:FFIN) CAO Ronald David Butler II sold 15,000 shares of First Financial Bankshares stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $34.95, for a total transaction of $524,250.00. Following the completion of the transaction, the chief accounting officer directly owned 152,223 shares in the company, valued at $5,320,193.85. This trade represents a 8.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

First Financial Bankshares Trading Down 0.8%

NASDAQ FFIN traded down $0.29 on Tuesday, hitting $34.56. 239,940 shares of the company’s stock were exchanged, compared to its average volume of 826,999. The stock has a 50-day moving average of $34.51 and a 200-day moving average of $32.63. First Financial Bankshares, Inc. has a 52 week low of $28.11 and a 52 week high of $38.12. The stock has a market cap of $4.95 billion, a price-to-earnings ratio of 18.49 and a beta of 0.81.

First Financial Bankshares (NASDAQ:FFIN) last issued its earnings results on Friday, July 17th. The bank reported $0.50 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.50. First Financial Bankshares had a return on equity of 14.00% and a net margin of 31.03%.The firm had revenue of $172.76 million for the quarter, compared to the consensus estimate of $173.03 million. During the same quarter last year, the business posted $0.47 EPS. As a group, analysts predict that First Financial Bankshares, Inc. will post 2.04 earnings per share for the current year.

First Financial Bankshares Announces Dividend

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Waterloo Capital L.P. increased its holdings in First Financial Bankshares by 978.4% in the 4th quarter. Waterloo Capital L.P. now owns 68,899 shares of the bank’s stock worth $2,058,000 after purchasing an additional 62,510 shares in the last quarter. Jefferies Financial Group Inc. boosted its stake in shares of First Financial Bankshares by 283.7% during the fourth quarter. Jefferies Financial Group Inc. now owns 112,781 shares of the bank’s stock valued at $3,369,000 after purchasing an additional 83,385 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of First Financial Bankshares by 3,042,660.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 21,512,315 shares of the bank’s stock worth $642,573,000 after purchasing an additional 21,511,608 shares during the last quarter. Fifth Third Bancorp grew its holdings in shares of First Financial Bankshares by 5,632.8% during the first quarter. Fifth Third Bancorp now owns 36,346 shares of the bank’s stock worth $1,070,000 after purchasing an additional 35,712 shares during the last quarter. Finally, Excelsior Advisor Network LLC acquired a new position in shares of First Financial Bankshares in the first quarter valued at approximately $6,903,000. 69.78% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

FFIN has been the subject of several research analyst reports. Cantor Fitzgerald reissued a “neutral” rating and set a $35.00 target price (up from $34.00) on shares of First Financial Bankshares in a research note on Wednesday, July 15th. Benchmark initiated coverage on shares of First Financial Bankshares in a research note on Wednesday, June 24th. They issued a “buy” rating and a $39.00 price target on the stock. Finally, Weiss Ratings upgraded shares of First Financial Bankshares from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $36.75.

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.