First Financial Bankshares (NASDAQ:FFIN) Hits New 1-Year Low

Core Insights - First Financial Bankshares, Inc. (NASDAQ: FFIN) experienced a decline in stock price, hitting a new 52-week low of $28.89 during trading, closing at $29.31 with a trading volume of 62,711 shares [2] - The company has a market capitalization of $4.31 billion, a P/E ratio of 16.99, and a beta of 0.83, with 50-day and 200-day moving averages at $32.19 and $32.68 respectively [4] - Analysts have a consensus rating of "Hold" for the stock, with a price target of $38.00, and one analyst has rated it as a Buy [3] Financial Performance - For the last quarter, First Financial Bankshares reported an EPS of $0.51, exceeding the consensus estimate of $0.48 by $0.03, with revenue of $164.72 million, slightly below the estimate of $165.70 million [5] - The company achieved a net margin of 30.43% and a return on equity of 14.16%, with a year-over-year revenue increase of 13.1% [5] - Analysts predict an EPS of 1.78 for the current fiscal year [5] Dividend Information - The company announced a quarterly dividend of $0.19, to be paid on April 1st, representing an annualized dividend of $0.76 and a yield of 2.5% [6] Insider Activity - Director Johnny Trotter purchased 4,000 shares at an average price of $30.02, increasing his position by 0.42% [7] - Director Geoff Haney bought 10,200 shares at an average price of $33.18, increasing his ownership by 46.48% [7] - Over the last ninety days, insiders have acquired a total of 15,329 shares valued at $496,074, with insiders owning 4.22% of the company's stock [7] Institutional Holdings - Northwestern Mutual Wealth Management Co. significantly increased its stake by 3,042,660.3% in the fourth quarter, now holding 21,512,315 shares valued at $642.57 million [9] - Other institutional investors, including Norges Bank and Millennium Management LLC, also increased their positions substantially during the fourth quarter [9] - Currently, 69.78% of the stock is owned by hedge funds and institutional investors [9] Company Overview - First Financial Bankshares, Inc. is a regional bank holding company based in Cincinnati, Ohio, offering a range of banking products and services to individual and commercial clients [10] - The company's core activities include commercial and consumer lending, deposit products, treasury management, mortgage origination and servicing, and wealth management [11]