Johnny Trotter Purchases 1,000 Shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) Stock

First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Johnny Trotter purchased 1,000 shares of the business’s stock in a transaction on Friday, June 14th. The stock was purchased at an average cost of $27.79 per share, for a total transaction of $27,790.00. Following the completion of the acquisition, the director now directly owns 943,371 shares of the company’s stock, valued at approximately $26,216,280.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, April 29th, Johnny Trotter purchased 500 shares of First Financial Bankshares stock. The stock was purchased at an average cost of $29.65 per share, for a total transaction of $14,825.00.
• On Thursday, April 25th, Johnny Trotter purchased 1,500 shares of First Financial Bankshares stock. The stock was purchased at an average cost of $30.22 per share, for a total transaction of $45,330.00.

First Financial Bankshares Price Performance

Shares of FFIN opened at $28.10 on Wednesday. The firm has a market capitalization of $4.01 billion, a PE ratio of 20.07 and a beta of 0.82. First Financial Bankshares, Inc. has a 1-year low of $22.84 and a 1-year high of $33.15. The company’s fifty day moving average price is $29.90 and its 200-day moving average price is $30.33.

First Financial Bankshares (NASDAQ:FFIN) last announced its quarterly earnings data 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. The firm had revenue of $129.63 million for the quarter, compared to analyst estimates of $129.72 million. First Financial Bankshares had a net margin of 30.03% and a return on equity of 14.28%. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.39 earnings per share. As a group, research analysts anticipate that First Financial Bankshares, Inc. will post 1.48 EPS for the current fiscal year.

First Financial Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.72 dividend on an annualized basis and a yield of 2.56%. First Financial Bankshares’s dividend payout ratio is presently 51.43%.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Truist Financial cut their price target on shares of First Financial Bankshares from $34.00 to $32.00 and set a “hold” rating on the stock in a report on Monday, April 22nd. Stephens dropped their price objective on shares of First Financial Bankshares from $35.00 to $31.00 and set an “equal weight” rating on the stock in a report on Friday, April 19th. One research analyst has rated the stock with a sell rating and three have given a hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $31.33.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FFIN. Lindbrook Capital LLC lifted its position in First Financial Bankshares by 134.8% during the fourth quarter. Lindbrook Capital LLC now owns 911 shares of the bank’s stock valued at $28,000 after purchasing an additional 523 shares during the period. Hexagon Capital Partners LLC lifted its position in First Financial Bankshares by 81.1% during the first quarter. Hexagon Capital Partners LLC now owns 927 shares of the bank’s stock valued at $30,000 after purchasing an additional 415 shares during the period. SYSTM Wealth Solutions LLC lifted its position in First Financial Bankshares by 17.4% during the first quarter. SYSTM Wealth Solutions LLC now owns 2,681 shares of the bank’s stock valued at $88,000 after purchasing an additional 398 shares during the period. Quadrant Capital Group LLC lifted its position in First Financial Bankshares by 128.9% during the fourth quarter. Quadrant Capital Group LLC now owns 4,888 shares of the bank’s stock valued at $148,000 after purchasing an additional 2,753 shares during the period. Finally, Signaturefd LLC lifted its position in First Financial Bankshares by 101.3% during the fourth quarter. Signaturefd LLC now owns 5,386 shares of the bank’s stock valued at $163,000 after purchasing an additional 2,710 shares during the period. 69.78% of the stock is currently owned by institutional investors and hedge funds.

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.