First Financial Bankshares Inc (NASDAQ:FFIN) Director Ronald N. Giddiens sold 1,465 shares of the stock in a transaction dated Monday, June 4th. The stock was sold at an average price of $53.31, for a total transaction of $78,099.15. Following the transaction, the director now owns 13,747 shares of the company’s stock, valued at $732,852.57. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Ronald N. Giddiens also recently made the following trade(s):
- On Tuesday, April 3rd, Ronald N. Giddiens bought 8 shares of First Financial Bankshares stock. The stock was purchased at an average price of $40.23 per share, with a total value of $321.84.
Shares of First Financial Bankshares opened at $54.00 on Friday, according to MarketBeat. First Financial Bankshares Inc has a 12 month low of $37.31 and a 12 month high of $56.35. The company has a market cap of $3.66 billion, a PE ratio of 31.76 and a beta of 1.25.
First Financial Bankshares (NASDAQ:FFIN) last announced its earnings results on Thursday, April 19th. The bank reported $0.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.04. First Financial Bankshares had a net margin of 36.61% and a return on equity of 12.63%. The company had revenue of $89.87 million for the quarter, compared to analysts’ expectations of $89.40 million. During the same period last year, the firm earned $0.40 earnings per share. research analysts predict that First Financial Bankshares Inc will post 2.07 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 2nd. Stockholders of record on Friday, June 15th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, June 14th. This is a boost from First Financial Bankshares’s previous quarterly dividend of $0.19. This represents a $0.84 annualized dividend and a dividend yield of 1.56%. First Financial Bankshares’s dividend payout ratio (DPR) is currently 49.41%.
FFIN has been the subject of several recent analyst reports. BidaskClub downgraded shares of First Financial Bankshares from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, May 15th. Zacks Investment Research cut shares of First Financial Bankshares from a “buy” rating to a “hold” rating in a report on Wednesday, May 16th. Finally, ValuEngine raised shares of First Financial Bankshares from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. First Financial Bankshares presently has an average rating of “Hold” and an average target price of $46.00.
Several institutional investors and hedge funds have recently made changes to their positions in FFIN. Principal Financial Group Inc. increased its stake in First Financial Bankshares by 4.7% in the first quarter. Principal Financial Group Inc. now owns 546,906 shares of the bank’s stock valued at $25,321,000 after acquiring an additional 24,444 shares during the last quarter. Xact Kapitalforvaltning AB increased its stake in First Financial Bankshares by 57.6% in the first quarter. Xact Kapitalforvaltning AB now owns 8,209 shares of the bank’s stock valued at $380,000 after acquiring an additional 3,000 shares during the last quarter. Royal Bank of Canada increased its stake in First Financial Bankshares by 36.5% in the first quarter. Royal Bank of Canada now owns 15,610 shares of the bank’s stock valued at $722,000 after acquiring an additional 4,174 shares during the last quarter. Legal & General Group Plc increased its stake in First Financial Bankshares by 3.9% in the first quarter. Legal & General Group Plc now owns 137,969 shares of the bank’s stock valued at $6,387,000 after acquiring an additional 5,202 shares during the last quarter. Finally, Barclays PLC increased its stake in First Financial Bankshares by 13.6% in the first quarter. Barclays PLC now owns 66,440 shares of the bank’s stock valued at $3,076,000 after acquiring an additional 7,967 shares during the last quarter. 51.52% of the stock is currently owned by institutional investors.
About First Financial Bankshares
First Financial Bankshares, Inc, through its subsidiaries, provides commercial banking products and services primarily in Texas. The company accepts checking, savings, and time deposits; and offers real estate, commercial, agricultural, and consumer loans to businesses, professionals, individuals, and farm and ranch operations.
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