First Financial Bankshares, Inc. (NASDAQ:FFIN - Get Free Report) Director Johnny Trotter bought 500 shares of First Financial Bankshares stock in a transaction on Monday, April 29th. The stock was purchased at an average price of $29.65 per share, with a total value of $14,825.00. Following the completion of the acquisition, the director now directly owns 940,871 shares of the company's stock, valued at approximately $27,896,825.15. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Johnny Trotter also recently made the following trade(s):
- On Thursday, April 25th, Johnny Trotter bought 1,500 shares of First Financial Bankshares stock. The stock was purchased at an average price of $30.22 per share, with a total value of $45,330.00.
First Financial Bankshares Stock Down 0.5 %
Shares of First Financial Bankshares stock opened at $29.56 on Wednesday. The firm has a market capitalization of $4.22 billion, a P/E ratio of 21.11 and a beta of 0.82. The company has a 50 day moving average price of $30.93 and a 200 day moving average price of $29.21. First Financial Bankshares, Inc. has a 52 week low of $22.84 and a 52 week high of $33.15.
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First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The bank reported $0.37 EPS for the quarter, beating the consensus estimate of $0.35 by $0.02. The firm had revenue of $129.63 million during 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%. First Financial Bankshares's revenue was up 4.3% on a year-over-year basis. During the same period last year, the firm posted $0.39 EPS. As a group, research analysts anticipate that First Financial Bankshares, Inc. will post 1.47 earnings per share for the current fiscal year.
Hedge Funds Weigh In On First Financial Bankshares
Several hedge funds and other institutional investors have recently modified their holdings of the stock. First Financial Bankshares Inc purchased a new position in shares of First Financial Bankshares in the 4th quarter valued at approximately $553,577,000. Vanguard Group Inc. raised 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 last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in First Financial Bankshares by 1.4% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,615,353 shares of the bank's stock worth $90,818,000 after buying an additional 50,774 shares during the last quarter. Dimensional Fund Advisors LP raised its position in First Financial Bankshares by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,365,643 shares of the bank's stock worth $71,685,000 after buying an additional 49,701 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in First Financial Bankshares by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,568,765 shares of the bank's stock worth $47,534,000 after buying an additional 46,164 shares during the last quarter. 69.78% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on FFIN shares. Stephens reduced their target price on shares of 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. Truist Financial reduced their target price on shares of 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, Keefe, Bruyette & Woods boosted their target price on shares of First Financial Bankshares from $30.00 to $31.00 and gave the stock a "market perform" rating in a report on Friday, January 26th. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $31.33.
Check Out Our Latest Research Report on FFIN
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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