First Financial Bankshares Inc (NASDAQ:FFIN)’s stock price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $38.14 and traded as high as $30.57. First Financial Bankshares shares last traded at $30.19, with a volume of 4,143 shares trading hands.
FFIN has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of HB Fuller from a “sell” rating to a “hold” rating in a research report on Wednesday, July 3rd. Stephens set a $22.00 target price on shares of Home Bancshares and gave the stock a “buy” rating in a research report on Monday, April 22nd. ValuEngine upgraded shares of Ultrapar Participacoes from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 4th. Finally, BidaskClub upgraded shares of Zai Lab from a “sell” rating to a “hold” rating in a research report on Wednesday, June 5th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. First Financial Bankshares has a consensus rating of “Hold” and a consensus price target of $30.83.
The firm has a market cap of $8.12 billion, a price-to-earnings ratio of 27.97 and a beta of 1.16. The firm’s fifty day simple moving average is $36.92.
The firm also recently declared a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Monday, June 17th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.58%. First Financial Bankshares’s dividend payout ratio is currently 44.04%.
In other First Financial Bankshares news, Director Johnny Trotter purchased 2,000 shares of the business’s stock in a transaction dated Tuesday, May 14th. The shares were acquired at an average price of $60.67 per share, for a total transaction of $121,340.00. Following the acquisition, the director now owns 405,913 shares of the company’s stock, valued at $24,626,741.71. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David L. Copeland sold 5,000 shares of the firm’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $61.68, for a total transaction of $308,400.00. Following the transaction, the director now owns 34,094 shares in the company, valued at approximately $2,102,917.92. The disclosure for this sale can be found here. Insiders have bought a total of 11,181 shares of company stock worth $663,178 in the last 90 days. 4.90% of the stock is owned by insiders.
Several institutional investors have recently modified their holdings of the company. Quadrant Capital Group LLC lifted its holdings in First Financial Bankshares by 767.3% during the 1st quarter. Quadrant Capital Group LLC now owns 451 shares of the bank’s stock valued at $26,000 after purchasing an additional 399 shares during the last quarter. Liberty Wealth Management LLC bought a new position in shares of First Financial Bankshares in the fourth quarter worth about $36,000. First Command Bank raised its stake in shares of First Financial Bankshares by 100.0% in the second quarter. First Command Bank now owns 1,048 shares of the bank’s stock worth $32,000 after acquiring an additional 524 shares during the last quarter. Pennsylvania Trust Co bought a new position in shares of First Financial Bankshares in the first quarter worth about $327,000. Finally, PNC Financial Services Group Inc. raised its stake in shares of First Financial Bankshares by 20.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,213 shares of the bank’s stock worth $127,000 after acquiring an additional 381 shares during the last quarter. Institutional investors and hedge funds own 55.53% of the company’s stock.
First Financial Bankshares Company Profile (NASDAQ:FFIN)
First Financial Bankshares, Inc, through its subsidiaries, provides commercial banking products and services primarily in Texas. The company accepts checking, savings, and time deposits; and offers real estate, commercial, agricultural, and consumer loans to businesses, professionals, individuals, and farm and ranch operations.
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