First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Robert Clark Nickles, Jr. Purchases 524 Shares

First Financial Bankshares, Inc. (NASDAQ:FFIN - Get Free Report) Director Robert Clark Nickles, Jr. bought 524 shares of First Financial Bankshares stock in a transaction dated Tuesday, August 6th. The stock was acquired at an average cost of $35.22 per share, for a total transaction of $18,455.28. Following the completion of the transaction, the director now directly owns 94,087 shares in the company, valued at approximately $3,313,744.14. This trade represents a 0.56 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

First Financial Bankshares Price Performance

Shares of FFIN stock traded down $0.32 during trading hours on Monday, reaching $36.94. 646,627 shares of the stock were exchanged, compared to its average volume of 527,477. First Financial Bankshares, Inc. has a 12-month low of $27.62 and a 12-month high of $44.66. The business's fifty day moving average is $38.15 and its two-hundred day moving average is $37.53. The firm has a market capitalization of $5.28 billion, a P/E ratio of 23.68 and a beta of 0.83.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last announced its earnings results on Thursday, January 23rd. The bank reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.03. First Financial Bankshares had a return on equity of 14.24% and a net margin of 29.69%. As a group, equities research analysts predict that First Financial Bankshares, Inc. will post 1.72 earnings per share for the current fiscal year.

First Financial Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date is Friday, March 14th. First Financial Bankshares's payout ratio is currently 46.15%.

Analysts Set New Price Targets

Several research analysts have recently commented on FFIN shares. Keefe, Bruyette & Woods raised their price objective on First Financial Bankshares from $40.00 to $41.00 and gave the stock a "market perform" rating in a research note on Monday, January 27th. Stephens upped their target price on First Financial Bankshares from $37.00 to $40.00 and gave the stock an "equal weight" rating in a report on Friday, October 18th. Finally, Hovde Group lifted their price objective on shares of First Financial Bankshares from $34.50 to $40.00 and gave the stock a "market perform" rating in a research note on Monday, October 21st.

Institutional Investors Weigh In On First Financial Bankshares

A number of large investors have recently modified their holdings of FFIN. Intech Investment Management LLC acquired a new position in shares of First Financial Bankshares in the 3rd quarter valued at about $673,000. State Street Corp increased its stake in shares of First Financial Bankshares by 4.7% during the 3rd quarter. State Street Corp now owns 6,222,092 shares of the bank's stock worth $231,381,000 after purchasing an additional 281,166 shares during the last quarter. Citigroup Inc. lifted its stake in shares of First Financial Bankshares by 27.0% in the third quarter. Citigroup Inc. now owns 250,553 shares of the bank's stock worth $9,273,000 after buying an additional 53,195 shares during the last quarter. Mutual of America Capital Management LLC boosted its holdings in First Financial Bankshares by 43.2% during the third quarter. Mutual of America Capital Management LLC now owns 393,902 shares of the bank's stock valued at $14,578,000 after acquiring an additional 118,830 shares during the period. Finally, Natixis Advisors LLC boosted its stake in First Financial Bankshares by 37.5% during the 3rd quarter. Natixis Advisors LLC now owns 613,381 shares of the bank's stock valued at $22,701,000 after purchasing an additional 167,433 shares during the period. Institutional investors and hedge funds own 69.78% of the company's stock.

About First Financial Bankshares

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.