First Financial Bankshares, Inc. (NASDAQ:FFIN - Get Free Report) Director Johnny Trotter purchased 1,500 shares of the business's stock in a transaction dated Thursday, April 25th. The shares were purchased at an average price of $30.22 per share, with a total value of $45,330.00. Following the purchase, the director now directly owns 940,371 shares in the company, valued at approximately $28,418,011.62. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
First Financial Bankshares Stock Performance
Shares of FFIN opened at $29.71 on Tuesday. The stock's 50-day simple moving average is $30.97 and its 200 day simple moving average is $29.17. The stock has a market capitalization of $4.24 billion, a price-to-earnings ratio of 21.22 and a beta of 0.82. First Financial Bankshares, Inc. has a 52-week low of $22.84 and a 52-week high of $33.15.
First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last issued its quarterly earnings data on Tuesday, April 23rd. The bank reported $0.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.35 by $0.02. The business had revenue of $129.63 million for the quarter, compared to analysts' expectations of $129.72 million. First Financial Bankshares had a return on equity of 14.28% and a net margin of 30.03%. The firm's quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.39 EPS. On average, research analysts forecast that First Financial Bankshares, Inc. will post 1.47 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
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Several research analysts have recently weighed in on FFIN shares. Truist Financial cut their price target on First Financial Bankshares from $34.00 to $32.00 and set a "hold" rating for the company in a research note on Monday, April 22nd. Stephens cut their price target on First Financial Bankshares from $35.00 to $31.00 and set an "equal weight" rating for the company in a research note on Friday, April 19th. Finally, Keefe, Bruyette & Woods increased their price target on First Financial Bankshares from $30.00 to $31.00 and gave the stock a "market perform" rating in a research note on Friday, January 26th. One equities research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $31.33.
Read Our Latest Stock Report on First Financial Bankshares
Institutional Trading of First Financial Bankshares
Institutional investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. increased its position in shares of First Financial Bankshares by 1.5% during the 4th quarter. Blue Trust Inc. now owns 24,927 shares of the bank's stock valued at $755,000 after purchasing an additional 379 shares during the last quarter. SYSTM Wealth Solutions LLC increased its position in shares of First Financial Bankshares by 17.4% during the 1st 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 last quarter. Hexagon Capital Partners LLC increased its position in shares of First Financial Bankshares by 81.1% during the 1st 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 last quarter. Retirement Systems of Alabama increased its position in shares of First Financial Bankshares by 0.3% during the 4th quarter. Retirement Systems of Alabama now owns 160,861 shares of the bank's stock valued at $4,874,000 after purchasing an additional 455 shares during the last quarter. Finally, Ballentine Partners LLC increased its position in shares of First Financial Bankshares by 4.5% during the 1st quarter. Ballentine Partners LLC now owns 12,130 shares of the bank's stock valued at $398,000 after purchasing an additional 521 shares during the last quarter. Hedge funds and other institutional investors own 69.78% of the company's stock.
First Financial Bankshares Company Profile
(
Get Free Report)
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.
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