First Financial Bankshares Inc (NASDAQ:FFIN) Director Johnny Trotter bought 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 transaction, the director now directly owns 405,913 shares in the company, valued at $24,626,741.71. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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 shares were bought at an average cost 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 shares were bought at an average cost 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 shares were bought at an average cost of $60.49 per share, with a total value of $302,450.00.

FFIN opened at $61.11 on Thursday. The company has a market capitalization of $8.10 billion, a P/E ratio of 28.03 and a beta of 1.14. First Financial Bankshares Inc has a 12 month low of $50.55 and a 12 month high of $66.83.

First Financial Bankshares’s stock is going to split before the market opens on Monday, June 3rd. The 2-1 split was announced on Tuesday, April 23rd. The newly issued shares will be distributed to shareholders after the closing bell on Friday, May 31st.

First Financial Bankshares (NASDAQ:FFIN) last released its quarterly earnings data on Thursday, April 18th. The bank reported $0.56 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.56. The company had revenue of $95.77 million during the quarter, compared to the consensus estimate of $96.90 million. First Financial Bankshares had a net margin of 38.47% and a return on equity of 15.03%. During the same period last year, the firm earned $0.51 EPS. On average, analysts predict that First Financial Bankshares Inc will post 2.38 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 17th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.79%. The ex-dividend date is Friday, June 14th. First Financial Bankshares’s dividend payout ratio (DPR) is presently 38.53%.

Several research analysts recently commented on FFIN shares. BidaskClub downgraded shares of First Financial Bankshares from a “buy” rating to a “hold” rating in a report on Wednesday, March 6th. Zacks Investment Research raised shares of First Financial Bankshares from a “sell” rating to a “hold” rating in a report on Monday, January 21st. Finally, Stephens set a $57.00 price objective on shares of First Financial Bankshares and gave the stock a “hold” rating in a report on Friday, January 25th.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FFIN. Quadrant Capital Group LLC raised its position in shares of First Financial Bankshares by 767.3% during the 1st 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 purchased a new stake in shares of First Financial Bankshares during the 4th quarter valued at $29,000. Liberty Wealth Management LLC purchased a new stake in shares of First Financial Bankshares during the 4th quarter valued at $36,000. Pennsylvania Trust Co purchased a new stake in shares of First Financial Bankshares during the 1st quarter valued at $327,000. Finally, PNC Financial Services Group Inc. raised its position in shares of First Financial Bankshares by 20.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,213 shares of the bank’s stock valued at $127,000 after buying an additional 381 shares in the last quarter. 55.53% of the stock is owned by institutional investors.

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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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