First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Purchases $27,790.00 in 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 acquired at an average price of $27.79 per share, for a total transaction of $27,790.00. Following the completion of the purchase, the director now owns 943,371 shares of the company’s stock, valued at $26,216,280.09. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

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

First Financial Bankshares Stock Up 0.6 %

NASDAQ:FFIN traded up $0.16 during mid-day trading on Monday, reaching $27.98. 175,532 shares of the stock were exchanged, compared to its average volume of 479,551. First Financial Bankshares, Inc. has a 1 year low of $22.84 and a 1 year high of $33.15. The company has a 50 day simple moving average of $30.04 and a 200-day simple moving average of $30.31. The stock has a market capitalization of $4.00 billion, a P/E ratio of 19.87 and a beta of 0.82.

First Financial Bankshares (NASDAQ:FFIN) last posted its quarterly earnings data on Tuesday, April 23rd. The bank reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.02. First Financial Bankshares had a net margin of 30.03% and a return on equity of 14.28%. The company had revenue of $129.63 million for the quarter, compared to analyst estimates of $129.72 million. During the same period in the previous year, the business posted $0.39 earnings per share. First Financial Bankshares’s quarterly revenue was up 4.3% on a year-over-year basis. As a group, research analysts predict that First Financial Bankshares, Inc. will post 1.48 EPS for the current year.

First Financial Bankshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be paid a $0.18 dividend. The ex-dividend date is Friday, June 14th. This represents a $0.72 annualized dividend and a dividend yield of 2.57%. First Financial Bankshares’s dividend payout ratio (DPR) is currently 51.43%.

Wall Street Analyst Weigh In

Several brokerages have commented on FFIN. Stephens dropped their price target on shares of First Financial Bankshares from $35.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Friday, April 19th. Truist Financial dropped their target price on shares of First Financial Bankshares from $34.00 to $32.00 and set a “hold” rating on the stock in a research report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $31.33.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of FFIN. Semanteon Capital Management LP acquired a new position in First Financial Bankshares in the 4th quarter valued at $817,000. International Assets Investment Management LLC acquired a new position in shares of First Financial Bankshares during the fourth quarter worth about $2,965,000. Louisiana State Employees Retirement System purchased a new position in First Financial Bankshares during the fourth quarter worth about $1,094,000. First Financial Bankshares Inc acquired a new stake in First Financial Bankshares in the fourth quarter valued at about $553,577,000. Finally, Rafferty Asset Management LLC boosted its holdings in First Financial Bankshares by 105.3% in the 4th quarter. Rafferty Asset Management LLC now owns 146,235 shares of the bank’s stock valued at $4,431,000 after purchasing an additional 74,996 shares in the last quarter. Institutional investors and hedge funds own 69.78% of the company’s stock.

About First Financial Bankshares

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.