Johnny Trotter Acquires 1,000 Shares of First Financial Bankshares (NASDAQ:FFIN) Stock

First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Johnny Trotter bought 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The stock was bought at an average cost of $29.26 per share, for a total transaction of $29,260.00. Following the completion of the transaction, the director directly owned 956,444 shares of the company’s stock, valued at approximately $27,985,551.44. The trade was a 0.10% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Thursday, March 5th, Johnny Trotter purchased 4,000 shares of First Financial Bankshares stock. The shares were bought at an average cost of $30.02 per share, with a total value of $120,080.00.

First Financial Bankshares Stock Down 0.2%

NASDAQ:FFIN opened at $29.56 on Friday. The company has a market cap of $4.23 billion, a P/E ratio of 16.70 and a beta of 0.83. The firm’s 50 day moving average is $32.17 and its two-hundred day moving average is $32.45. First Financial Bankshares, Inc. has a fifty-two week low of $28.54 and a fifty-two week high of $38.74.

First Financial Bankshares (NASDAQ:FFIN) last announced its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $165.70 million. First Financial Bankshares had a net margin of 30.43% and a return on equity of 14.16%. The business’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.43 EPS. Research analysts forecast that First Financial Bankshares, Inc. will post 1.78 earnings per share for the current fiscal year.

First Financial Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be issued a $0.19 dividend. The ex-dividend date is Friday, March 13th. This represents a $0.76 dividend on an annualized basis and a yield of 2.6%. First Financial Bankshares’s dividend payout ratio (DPR) is presently 42.94%.

Institutional Investors Weigh In On First Financial Bankshares

Several institutional investors have recently bought and sold shares of FFIN. Royal Bank of Canada increased its position in shares of First Financial Bankshares by 10.8% in the first quarter. Royal Bank of Canada now owns 64,287 shares of the bank’s stock worth $2,309,000 after acquiring an additional 6,290 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of First Financial Bankshares by 51.3% in the 1st quarter. AQR Capital Management LLC now owns 118,437 shares of the bank’s stock valued at $4,228,000 after acquiring an additional 40,173 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of First Financial Bankshares by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 77,474 shares of the bank’s stock valued at $2,783,000 after acquiring an additional 3,382 shares in the last quarter. Empowered Funds LLC acquired a new position in shares of First Financial Bankshares during the 1st quarter valued at $1,760,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in First Financial Bankshares by 17.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 396,513 shares of the bank’s stock worth $14,243,000 after purchasing an additional 59,416 shares during the period. 69.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c)” rating on shares of First Financial Bankshares in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $38.00.

First Financial Bankshares Company Profile

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.