Johnny Trotter Acquires 2,500 Shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) Stock

First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Johnny Trotter bought 2,500 shares of the firm’s stock in a transaction dated Tuesday, September 14th. The stock was acquired at an average cost of $43.68 per share, with a total value of $109,200.00. Following the transaction, the director now owns 869,793 shares of the company’s stock, valued at $37,992,558.24. The purchase was disclosed in a filing with the SEC, which is available at this link.

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

  • On Friday, September 10th, Johnny Trotter acquired 1,500 shares of First Financial Bankshares stock. The shares were purchased at an average cost of $44.61 per share, with a total value of $66,915.00.
  • On Thursday, September 2nd, Johnny Trotter acquired 1,500 shares of First Financial Bankshares stock. The shares were purchased at an average cost of $47.01 per share, with a total value of $70,515.00.
  • On Tuesday, August 31st, Johnny Trotter purchased 500 shares of First Financial Bankshares stock. The stock was bought at an average cost of $47.35 per share, with a total value of $23,675.00.
  • On Thursday, August 19th, Johnny Trotter purchased 1,500 shares of First Financial Bankshares stock. The stock was bought at an average cost of $47.48 per share, with a total value of $71,220.00.

FFIN traded up $0.40 on Wednesday, hitting $43.94. 10,240 shares of the stock traded hands, compared to its average volume of 462,587. First Financial Bankshares, Inc. has a 52 week low of $26.71 and a 52 week high of $52.49. The firm has a market capitalization of $6.26 billion, a PE ratio of 27.73 and a beta of 0.88. The business has a fifty day moving average price of $47.90 and a two-hundred day moving average price of $48.45.

First Financial Bankshares (NASDAQ:FFIN) last issued its quarterly earnings results on Monday, July 26th. The bank reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.01. First Financial Bankshares had a return on equity of 13.44% and a net margin of 43.97%. The firm had revenue of $129.26 million for the quarter, compared to analyst estimates of $128.60 million. On average, research analysts forecast that First Financial Bankshares, Inc. will post 1.55 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 1st. Investors of record on Thursday, September 16th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, September 15th. This represents a $0.60 annualized dividend and a yield of 1.37%. First Financial Bankshares’s dividend payout ratio is 42.25%.

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. grew its stake in shares of First Financial Bankshares by 3.3% in the 1st quarter. BlackRock Inc. now owns 16,063,239 shares of the bank’s stock valued at $750,637,000 after purchasing an additional 510,582 shares during the period. Vanguard Group Inc. grew its stake in shares of First Financial Bankshares by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 13,853,182 shares of the bank’s stock valued at $680,607,000 after purchasing an additional 194,029 shares during the period. State Street Corp grew its stake in shares of First Financial Bankshares by 12.8% in the 2nd quarter. State Street Corp now owns 6,116,084 shares of the bank’s stock valued at $301,323,000 after purchasing an additional 691,683 shares during the period. Neuberger Berman Group LLC grew its stake in shares of First Financial Bankshares by 0.3% in the 1st quarter. Neuberger Berman Group LLC now owns 5,197,562 shares of the bank’s stock valued at $240,924,000 after purchasing an additional 17,141 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of First Financial Bankshares by 12.8% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,078,534 shares of the bank’s stock valued at $151,249,000 after purchasing an additional 348,154 shares during the period. Institutional investors own 53.68% of the company’s stock.

A number of research firms have recently commented on FFIN. Janney Montgomery Scott began coverage on First Financial Bankshares in a research note on Tuesday, August 31st. They issued a “neutral” rating and a $50.00 price objective on the stock. Stephens reiterated an “equal weight” rating and issued a $47.76 price objective (up from $47.00) on shares of First Financial Bankshares in a research note on Tuesday, July 27th. Finally, Zacks Investment Research lowered First Financial Bankshares from a “buy” rating to a “hold” rating in a research note on Thursday, September 9th.

First Financial Bankshares Company Profile

First Financial Bankshares, Inc is a bank holding company, which engages in the provision of financial and community banking services. It offers mortgage loans, savings and checking accounts, auto and equity loans, online and mobile banking, investment and trust management, and retirement plans. The company was founded in 1956 and is headquartered in Abilene, TX.

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