This trade activity should not be overlooked: First Financial Bankshares Inc. (FFIN)

First Financial Bankshares Inc. (NASDAQ: FFIN) stock jumped 0.14% on Tuesday to $27.77 against a previous-day closing price of $27.73. With 0.67 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.74 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $28.59 whereas the lowest price it dropped to was $27.19. The 52-week range on FFIN shows that it touched its highest point at $47.26 and its lowest point at $25.01 during that stretch. It currently has a 1-year price target of $30.25. With its current market cap of 4.07 billion, FFIN has annualized dividend of $0.72 while the current yield stands at 2.59%. Beta for the stock currently stands at 0.74.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of FFIN was up-trending over the past week, with a rise of 7.59%, but this was down by -3.14% over a month. Three-month performance dropped to -25.51% while six-month performance fell -24.74%. The stock lost -30.24% in the past year, while it has lost -19.27% so far this year. A look at the trailing 12-month EPS for FFIN yields 1.61 with Next year EPS estimates of 1.50. For the next quarter, that number is 0.37. This implies an EPS growth rate of 3.00% for this year and 1.28% for next year. EPS is expected to grow by 10.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 14.00%.

Float and Shares Shorts:

At present, 142.67 million FFIN shares are outstanding with a float of 136.65 million shares on hand for trading. On Apr 27, 2023, short shares totaled 7.79 million, which was 5.49% higher than short shares on Mar 30, 2023. In addition to Mr. F. Scott Dueser as the firm’s Chairman, Pres & CEO, Mr. Ronald D. Butler II serves as its Exec. VP & Chief Admin. Officer.

Institutional Ownership:

Through their ownership of 61.19% of FFIN’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 8.27% of FFIN, in contrast to 33.34% held by mutual funds. Shares owned by individuals account for 21.36%. As the largest shareholder in FFIN with 9.81% of the stake, The Vanguard Group, Inc. holds 13,991,317 shares worth 13,991,317. A second-largest stockholder of FFIN, BlackRock Fund Advisors, holds 13,668,059 shares, controlling over 9.58% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in FFIN, holding 5,294,958 shares or 3.71% stake. With a 2.94% stake in FFIN, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 4,197,157 shares are owned by the mutual fund manager. The iShares Core S&P Mid Cap ETF, which owns about 2.84% of FFIN stock, is the second-largest Mutual Fund holder. It holds 4,050,569 shares valued at 118.52 million. Vanguard Small Cap Index Fund holds 2.49% of the stake in FFIN, owning 3,548,088 shares worth 103.82 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FFIN since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With FFIN analysts setting a high price target of $32.00 and a low target of $30.00, the average target price over the next 12 months is $31.10. Based on these targets, FFIN could surge 15.23% to reach the target high and rise by 8.03% to reach the target low. Reaching the average price target will result in a growth of 11.99% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Dividends & Yield:

In terms of dividends, FFIN has a current ratio of $0.72, which is $0.72 over the trailing 12-months, while a dividend of $0.51 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and FFIN currently yields $2.45. In the past year, FFIN’s dividend yield has been $2.45, but when looking at the stock over the past five years, its yield has been $1.44. Accordingly, FFIN has a current buyback yield of $0.23. This was $0.23 for the TTM.

Summary of Insider Activity:

Insiders traded FFIN stock several times over the past three months with 12 Buys and 0 Sells. In these transactions, 29,296 shares were bought while 0 shares were sold. The number of buy transactions has increased to 49 while that of sell transactions has risen to 29 over the past year. The total number of shares bought during that period was 124,087 while 57,013 shares were sold.

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