First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Johnny Trotter Purchases 1,500 Shares of Stock

First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Johnny Trotter acquired 1,500 shares of the business’s stock in a transaction dated Thursday, April 25th. The stock was bought at an average cost of $30.22 per share, with a total value of $45,330.00. Following the acquisition, the director now owns 940,371 shares in the company, valued at approximately $28,418,011.62. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

First Financial Bankshares Trading Down 2.1 %

FFIN opened at $29.71 on Tuesday. First Financial Bankshares, Inc. has a 1-year low of $22.84 and a 1-year high of $33.15. The stock’s fifty day simple moving average is $30.97 and its 200 day simple moving average is $29.17. The stock has a market cap of $4.24 billion, a PE ratio of 21.22 and a beta of 0.82.

First Financial Bankshares (NASDAQ:FFIN) last posted its quarterly earnings results on Tuesday, April 23rd. The bank reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.02. First Financial Bankshares had a return on equity of 14.28% and a net margin of 30.03%. The business had revenue of $129.63 million for the quarter, compared to analysts’ expectations of $129.72 million. During the same quarter in the prior year, the business earned $0.39 EPS. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. Equities analysts forecast that First Financial Bankshares, Inc. will post 1.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

FFIN has been the subject of several recent analyst reports. Keefe, Bruyette & Woods increased their price objective on First Financial Bankshares from $30.00 to $31.00 and gave the company a “market perform” rating in a report on Friday, January 26th. Truist Financial cut their price objective on First Financial Bankshares from $34.00 to $32.00 and set a “hold” rating for the company in a report on Monday, April 22nd. Finally, Stephens cut their price objective on First Financial Bankshares from $35.00 to $31.00 and set an “equal weight” rating for the company in a report on Friday, April 19th. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the stock. According to data from MarketBeat.com, First Financial Bankshares currently has a consensus rating of “Hold” and an average price target of $31.33.

Institutional Investors Weigh In On First Financial Bankshares

A number of large investors have recently added to or reduced their stakes in the business. First Financial Bankshares Inc bought a new position in First Financial Bankshares during the 4th quarter worth $553,577,000. Norges Bank bought a new position in First Financial Bankshares during the 4th quarter worth $42,435,000. Great Lakes Advisors LLC bought a new position in First Financial Bankshares during the 3rd quarter worth $3,484,000. Natixis Advisors L.P. increased its position in First Financial Bankshares by 39.7% during the 4th quarter. Natixis Advisors L.P. now owns 447,970 shares of the bank’s stock worth $13,573,000 after buying an additional 127,397 shares during the period. Finally, Vanguard Group Inc. increased its position in First Financial Bankshares by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 14,465,552 shares of the bank’s stock worth $438,306,000 after buying an additional 120,252 shares during the period. Institutional investors own 69.78% of the company’s stock.

First Financial Bankshares Company Profile

First Financial Bankshares, Inc, through its subsidiaries, provides commercial banking products and services in Texas. The company offers checking, savings and time deposits; automated teller machines, drive-in, and night deposit services; safe deposit facilities, remote deposit capture, internet banking, mobile banking, payroll cards, funds transfer, and performing other customary commercial banking services; securities brokerage services; and trust and wealth management services, including wealth management, estates administration, oil and gas management, testamentary trusts, revocable and irrevocable trusts, and agency accounts.