First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Purchases $45,330.00 in Stock

First Financial Bankshares, Inc. (NASDAQ:FFIN) Director Johnny Trotter purchased 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The stock was purchased at an average price of $30.22 per share, with a total value of $45,330.00. Following the completion of the purchase, the director now directly owns 940,371 shares of the company’s stock, valued at approximately $28,418,011.62. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

First Financial Bankshares Price Performance

Shares of NASDAQ FFIN traded down $0.65 during midday trading on Monday, reaching $29.71. 536,814 shares of the company traded hands, compared to its average volume of 503,380. First Financial Bankshares, Inc. has a 52 week low of $22.84 and a 52 week high of $33.15. The stock has a 50-day moving average price of $31.01 and a 200 day moving average price of $29.13. The company has a market cap of $4.24 billion, a price-to-earnings ratio of 21.69 and a beta of 0.82.

First Financial Bankshares (NASDAQ:FFIN) last released its earnings results 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 firm had revenue of $129.63 million for the quarter, compared to analyst estimates of $129.72 million. First Financial Bankshares had a return on equity of 14.28% and a net margin of 30.03%. First Financial Bankshares’s revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.39 earnings per share. As a group, analysts expect that First Financial Bankshares, Inc. will post 1.47 EPS for the current year.

Hedge Funds Weigh In On First Financial Bankshares

A number of institutional investors have recently bought and sold shares of the stock. First Financial Bankshares Inc purchased a new position in First Financial Bankshares in the 4th quarter worth about $553,577,000. Vanguard Group Inc. grew its stake 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 valued at $438,306,000 after acquiring an additional 120,252 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its stake 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 valued at $90,818,000 after acquiring an additional 50,774 shares in the last quarter. Dimensional Fund Advisors LP grew its stake 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 valued at $71,685,000 after acquiring an additional 49,701 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake 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 valued at $47,534,000 after acquiring an additional 46,164 shares in the last quarter. Hedge funds and other institutional investors own 69.78% of the company’s stock.

Wall Street Analyst Weigh In

FFIN has been the topic of several research analyst reports. Stephens reduced their price objective on First Financial Bankshares from $35.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Friday, April 19th. Keefe, Bruyette & Woods increased their target price on First Financial Bankshares from $30.00 to $31.00 and gave the stock a “market perform” rating in a research report on Friday, January 26th. Finally, Truist Financial cut their target price on First Financial Bankshares from $34.00 to $32.00 and set a “hold” rating on the stock in a research note on Monday, April 22nd. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $31.33.

First Financial Bankshares Company Profile

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.