Insider Buying: First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Buys 492 Shares of Stock

First Financial Bankshares, Inc. (NASDAQ:FFIN - Get Free Report) Director Robert Clark Nickles, Jr. purchased 492 shares of the stock in a transaction dated Wednesday, January 29th. The shares were bought at an average price of $37.85 per share, for a total transaction of $18,622.20. Following the completion of the acquisition, the director now owns 94,579 shares in the company, valued at $3,579,815.15. This represents a 0.52 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

First Financial Bankshares Stock Down 0.9 %

First Financial Bankshares stock traded down $0.32 during mid-day trading on Monday, reaching $36.94. The company had a trading volume of 646,627 shares, compared to its average volume of 527,477. The company has a 50 day moving average of $38.15 and a 200-day moving average of $37.53. First Financial Bankshares, Inc. has a 52 week low of $27.62 and a 52 week high of $44.66. The firm has a market cap of $5.28 billion, a price-to-earnings ratio of 23.68 and a beta of 0.83.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last released its quarterly earnings data on Thursday, January 23rd. The bank reported $0.43 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.03. First Financial Bankshares had a net margin of 29.69% and a return on equity of 14.24%. On average, 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 paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend is Friday, March 14th. First Financial Bankshares's dividend payout ratio (DPR) is currently 46.15%.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Lindenwold Advisors INC lifted its holdings in shares of First Financial Bankshares by 2.8% during the 3rd quarter. Lindenwold Advisors INC now owns 9,091 shares of the bank's stock valued at $336,000 after purchasing an additional 250 shares in the last quarter. Kingsview Wealth Management LLC increased its position in First Financial Bankshares by 1.2% during the fourth quarter. Kingsview Wealth Management LLC now owns 26,649 shares of the bank's stock worth $961,000 after buying an additional 312 shares during the last quarter. Ballentine Partners LLC lifted its holdings in First Financial Bankshares by 2.8% during the 3rd quarter. Ballentine Partners LLC now owns 12,190 shares of the bank's stock valued at $451,000 after purchasing an additional 333 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in First Financial Bankshares by 2.3% during the 4th quarter. Pacer Advisors Inc. now owns 19,170 shares of the bank's stock valued at $691,000 after purchasing an additional 432 shares during the last quarter. Finally, Huntington National Bank increased its holdings in shares of First Financial Bankshares by 32.2% in the third quarter. Huntington National Bank now owns 2,369 shares of the bank's stock valued at $88,000 after purchasing an additional 577 shares during the last quarter. 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.