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.
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.
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.
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