First Financial Bankshares (NASDAQ:FFIN) Stock Crosses Above 200-Day Moving Average – Should You Sell?

First Financial Bankshares, Inc. (NASDAQ:FFIN) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $31.70 and traded as high as $33.57. First Financial Bankshares shares last traded at $33.50, with a volume of 881,088 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on FFIN shares. Weiss Ratings restated a “hold (c)” rating on shares of First Financial Bankshares in a research note on Wednesday, April 8th. Keefe, Bruyette & Woods reduced their price objective on First Financial Bankshares from $36.00 to $34.00 and set a “market perform” rating for the company in a research note on Thursday, April 9th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, First Financial Bankshares currently has a consensus rating of “Hold” and a consensus target price of $37.33.

First Financial Bankshares Price Performance

The business’s 50 day simple moving average is $32.31 and its 200 day simple moving average is $31.70. The company has a market capitalization of $4.80 billion, a price-to-earnings ratio of 18.21 and a beta of 0.83.

First Financial Bankshares (NASDAQ:FFIN) last announced its earnings results on Friday, April 17th. The bank reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.03. First Financial Bankshares had a net margin of 31.00% and a return on equity of 14.20%. The business had revenue of $166.89 million during the quarter, compared to the consensus estimate of $166.78 million. During the same quarter in the prior year, the firm earned $0.43 earnings per share. As a group, analysts expect that First Financial Bankshares, Inc. will post 2.04 EPS for the current fiscal year.

First Financial Bankshares Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Friday, June 12th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $0.88 annualized dividend and a yield of 2.6%. This is a boost from First Financial Bankshares’s previous quarterly dividend of $0.19. First Financial Bankshares’s dividend payout ratio (DPR) is currently 47.83%.

Insiders Place Their Bets

In related news, Director Murray Hamilton Edwards bought 1,000 shares of the stock in a transaction on Thursday, June 11th. The shares were bought at an average cost of $33.18 per share, for a total transaction of $33,180.00. Following the purchase, the director owned 44,634 shares of the company’s stock, valued at $1,480,956.12. This trade represents a 2.29% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 3.80% of the company’s stock.

Institutional Investors Weigh In On First Financial Bankshares

Several large investors have recently modified their holdings of the stock. Olistico Wealth LLC acquired a new stake in First Financial Bankshares in the fourth quarter valued at about $30,000. Quarry LP increased its position in shares of First Financial Bankshares by 66.3% in the third quarter. Quarry LP now owns 1,026 shares of the bank’s stock valued at $35,000 after buying an additional 409 shares in the last quarter. Danske Bank A S raised its stake in shares of First Financial Bankshares by 200.0% during the 4th quarter. Danske Bank A S now owns 1,200 shares of the bank’s stock worth $36,000 after buying an additional 800 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of First Financial Bankshares during the 4th quarter worth $44,000. Finally, CIBC Private Wealth Group LLC purchased a new stake in shares of First Financial Bankshares in the third quarter valued at about $50,000. Hedge funds and other institutional investors own 69.78% of the company’s stock.

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.