Johnny Trotter Purchases 2,000 Shares of First Financial Bankshares Inc (FFIN) Stock

First Financial Bankshares Inc (NASDAQ:FFIN) Director Johnny Trotter acquired 2,000 shares of First Financial Bankshares stock in a transaction dated Tuesday, May 14th. The shares were bought at an average cost of $60.67 per share, with a total value of $121,340.00. Following the completion of the purchase, the director now owns 405,913 shares in the company, valued at $24,626,741.71. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Johnny Trotter also recently made the following trade(s):

  • On Wednesday, May 8th, Johnny Trotter bought 5,000 shares of First Financial Bankshares stock. The stock was acquired at an average price of $61.29 per share, with a total value of $306,450.00.
  • On Tuesday, April 30th, Johnny Trotter bought 3,000 shares of First Financial Bankshares stock. The stock was acquired at an average price of $61.61 per share, with a total value of $184,830.00.
  • On Thursday, March 14th, Johnny Trotter bought 5,000 shares of First Financial Bankshares stock. The stock was acquired at an average price of $60.49 per share, with a total value of $302,450.00.

Shares of FFIN traded up $1.45 during mid-day trading on Tuesday, reaching $61.11. The company’s stock had a trading volume of 145,992 shares, compared to its average volume of 467,743. The firm has a market capitalization of $8.29 billion, a P/E ratio of 28.03 and a beta of 1.14. First Financial Bankshares Inc has a 1 year low of $50.55 and a 1 year high of $66.83.



Shares of First Financial Bankshares are going to split on Monday, June 3rd. The 2-1 split was announced on Tuesday, April 23rd. The newly minted shares will be distributed to shareholders after the market closes on Friday, May 31st.

First Financial Bankshares (NASDAQ:FFIN) last released its earnings results on Thursday, April 18th. The bank reported $0.56 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.56. The company had revenue of $95.77 million during the quarter, compared to analyst estimates of $96.90 million. First Financial Bankshares had a return on equity of 15.03% and a net margin of 38.47%. During the same quarter in the prior year, the company earned $0.51 earnings per share. On average, equities analysts expect that First Financial Bankshares Inc will post 2.38 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 17th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.79%. First Financial Bankshares’s payout ratio is currently 38.53%.

A number of research firms have recently issued reports on FFIN. Zacks Investment Research lowered First Financial Bankshares from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. BidaskClub lowered First Financial Bankshares from a “hold” rating to a “sell” rating in a report on Wednesday, April 24th. Finally, Stephens restated a “neutral” rating and issued a $57.00 target price on shares of First Financial Bankshares in a report on Monday, April 22nd.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund bought a new position in First Financial Bankshares during the fourth quarter valued at about $26,000. Quadrant Capital Group LLC raised its holdings in First Financial Bankshares by 767.3% during the first quarter. Quadrant Capital Group LLC now owns 451 shares of the bank’s stock valued at $26,000 after buying an additional 399 shares in the last quarter. Quantamental Technologies LLC bought a new position in First Financial Bankshares during the fourth quarter valued at about $29,000. Liberty Wealth Management LLC bought a new position in First Financial Bankshares during the fourth quarter valued at about $36,000. Finally, Ellis Investment Partners LLC bought a new position in First Financial Bankshares during the first quarter valued at about $117,000. Institutional investors own 55.20% of the company’s stock.

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First Financial Bankshares Company Profile

First Financial Bankshares, Inc, through its subsidiaries, provides commercial banking products and services primarily in Texas. The company accepts checking, savings, and time deposits; and offers real estate, commercial, agricultural, and consumer loans to businesses, professionals, individuals, and farm and ranch operations.

Further Reading: Beige Book

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