First Financial Bankshares, Inc. (NASDAQ:FFIN) CEO F Scott Dueser Sells 25,000 Shares

First Financial Bankshares, Inc. (NASDAQ:FFIN - Get Free Report) CEO F Scott Dueser sold 25,000 shares of First Financial Bankshares stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $40.73, for a total transaction of $1,018,250.00. Following the transaction, the chief executive officer now owns 471,004 shares of the company's stock, valued at approximately $19,183,992.92. The trade was a 5.04 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

First Financial Bankshares Stock Up 1.0 %

Shares of FFIN stock traded up $0.39 during mid-day trading on Monday, hitting $40.86. 464,036 shares of the company's stock were exchanged, compared to its average volume of 533,216. The stock has a market cap of $5.84 billion, a price-to-earnings ratio of 27.91 and a beta of 0.81. First Financial Bankshares, Inc. has a fifty-two week low of $27.06 and a fifty-two week high of $44.66. The stock has a 50-day simple moving average of $39.48 and a two-hundred day simple moving average of $35.70.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last issued its quarterly earnings results on Thursday, October 17th. The bank reported $0.39 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.39. The firm had revenue of $142.10 million for the quarter, compared to analyst estimates of $140.25 million. First Financial Bankshares had a return on equity of 13.43% and a net margin of 28.76%. As a group, analysts anticipate that First Financial Bankshares, Inc. will post 1.52 earnings per share for the current fiscal year.

First Financial Bankshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 13th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.72 dividend on an annualized basis and a yield of 1.76%. First Financial Bankshares's payout ratio is 49.66%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on FFIN shares. Keefe, Bruyette & Woods raised their price target on First Financial Bankshares from $36.00 to $40.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th. Stephens lifted their price objective on First Financial Bankshares from $37.00 to $40.00 and gave the stock an "equal weight" rating in a research report on Friday, October 18th. Truist Financial boosted their target price on shares of First Financial Bankshares from $39.00 to $40.00 and gave the company a "hold" rating in a research note on Friday, September 20th. Finally, Hovde Group lifted their price target on shares of First Financial Bankshares from $34.50 to $40.00 and gave the stock a "market perform" rating in a report on Monday, October 21st.

Hedge Funds Weigh In On First Financial Bankshares

Institutional investors and hedge funds have recently bought and sold shares of the stock. Strategic Financial Concepts LLC raised its stake in shares of First Financial Bankshares by 3,632.9% in the 2nd quarter. Strategic Financial Concepts LLC now owns 2,992,894 shares of the bank's stock valued at $884,000 after acquiring an additional 2,912,718 shares during the period. State Street Corp raised its stake in First Financial Bankshares by 4.7% during the third quarter. State Street Corp now owns 6,222,092 shares of the bank's stock valued at $231,381,000 after buying an additional 281,166 shares in the last quarter. Geode Capital Management LLC boosted its holdings in First Financial Bankshares by 8.0% in the third quarter. Geode Capital Management LLC now owns 3,361,921 shares of the bank's stock worth $124,446,000 after purchasing an additional 249,011 shares during the period. Champlain Investment Partners LLC boosted its position in First Financial Bankshares by 6.8% during the 3rd quarter. Champlain Investment Partners LLC now owns 3,516,329 shares of the bank's stock valued at $130,139,000 after purchasing an additional 223,640 shares during the period. Finally, Emerald Advisers LLC bought a new position in shares of First Financial Bankshares during the third quarter worth about $8,235,000. Institutional investors and hedge funds own 69.78% of the company's stock.

First Financial Bankshares Company Profile

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.