Key Points
- Johnny Trotter, a director, bought 1,000 shares of First Financial Bankshares on March 12 at $29.26 (total $29,260), bringing his holdings to 956,444 shares after also buying 4,000 shares on March 5; the trades were disclosed in an SEC filing.
- The company announced a quarterly dividend of $0.19 per share (ex-dividend date March 13, payable April 1), representing a $0.76 annualized payout and a ~2.6% yield.
- First Financial reported quarterly EPS of $0.51, beating estimates by $0.03, with revenue up 13.1% year-over-year and solid profitability metrics (ROE 14.16%, net margin 30.43%).
First Financial Bankshares, Inc. (NASDAQ:FFIN - Get Free Report) Director Johnny Trotter acquired 1,000 shares of the firm's stock in a transaction that occurred on Thursday, March 12th. The shares were purchased at an average cost of $29.26 per share, with a total value of $29,260.00. Following the completion of the acquisition, the director owned 956,444 shares in the company, valued at $27,985,551.44. This trade represents a 0.10% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Johnny Trotter also recently made the following trade(s):
- On Thursday, March 5th, Johnny Trotter bought 4,000 shares of First Financial Bankshares stock. The stock was purchased at an average price of $30.02 per share, for a total transaction of $120,080.00.
First Financial Bankshares Price Performance
First Financial Bankshares stock opened at $29.56 on Friday. First Financial Bankshares, Inc. has a fifty-two week low of $28.54 and a fifty-two week high of $38.74. The firm has a fifty day moving average price of $32.17 and a two-hundred day moving average price of $32.48. The firm has a market cap of $4.23 billion, a price-to-earnings ratio of 16.70 and a beta of 0.83.
First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last issued its quarterly earnings results on Friday, January 23rd. The bank reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. The company had revenue of $164.72 million for the quarter, compared to the consensus estimate of $165.70 million. First Financial Bankshares had a return on equity of 14.16% and a net margin of 30.43%.The firm's revenue was up 13.1% compared to the same quarter last year. During the same period last year, the business posted $0.43 earnings per share. As a group, sell-side analysts expect that First Financial Bankshares, Inc. will post 1.78 earnings per share for the current year.
First Financial Bankshares Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be paid a dividend of $0.19 per share. The ex-dividend date is Friday, March 13th. This represents a $0.76 annualized dividend and a yield of 2.6%. First Financial Bankshares's dividend payout ratio is presently 42.94%.
Institutional Trading of First Financial Bankshares
Several hedge funds and other institutional investors have recently bought and sold shares of FFIN. Police & Firemen s Retirement System of New Jersey raised its holdings in shares of First Financial Bankshares by 9.1% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 31,025 shares of the bank's stock worth $1,116,000 after buying an additional 2,598 shares in the last quarter. Ameritas Advisory Services LLC boosted its stake in First Financial Bankshares by 5,474.7% in the 3rd quarter. Ameritas Advisory Services LLC now owns 16,724 shares of the bank's stock valued at $563,000 after buying an additional 16,424 shares in the last quarter. Norges Bank acquired a new stake in First Financial Bankshares in the 2nd quarter valued at $57,680,000. Creative Planning grew its position in First Financial Bankshares by 22.4% in the second quarter. Creative Planning now owns 83,526 shares of the bank's stock valued at $3,005,000 after acquiring an additional 15,266 shares during the period. Finally, 1900 Wealth Management LLC grew its position in First Financial Bankshares by 296.6% in the third quarter. 1900 Wealth Management LLC now owns 23,487 shares of the bank's stock valued at $790,000 after acquiring an additional 17,565 shares during the period. 69.78% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reaffirmed a "hold (c)" rating on shares of First Financial Bankshares in a research report on Friday, January 9th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $38.00.
Read Our Latest Research Report on First Financial Bankshares
First Financial Bankshares Company Profile
(
Get Free Report)
First Financial Bankshares, Inc is a regional bank holding company headquartered in Cincinnati, Ohio. Through its primary subsidiary, First Financial Bank, the company offers a full suite of banking products and services to individual, small business and commercial clients. With roots dating back to 1863, First Financial has cultivated a strong community banking heritage, combining personalized service with modern financial solutions.
The company's core business activities include commercial and consumer lending, deposit products, treasury management, mortgage origination and servicing, and wealth management.
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