First Financial Bankshares (NASDAQ:FFIN) Stock Crosses Above 50-Day Moving Average of $38.14

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.

First Financial Bankshares (NASDAQ:FFIN) last released its quarterly earnings results on Thursday, April 18th. The bank reported $0.28 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.28. The business had revenue of $95.77 million for the quarter, compared to the consensus estimate of $96.90 million. First Financial Bankshares had a net margin of 38.47% and a return on equity of 15.03%. During the same quarter last year, the firm earned $0.26 EPS. On average, research analysts predict that First Financial Bankshares Inc will post 1.19 earnings per share for the current fiscal year.

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.

Featured Story: What is Blockchain?

Receive News & Ratings for First Financial Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Financial Bankshares and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit