News to Watch: First Financial Bankshares (NASDAQ:FFIN)

First Financial Bankshares (NASDAQ:FFIN) spotted trading -22.44% off 52-week high price. On the other end, the stock has been noted 36.57% away from the low price over the last 52-weeks. The stock changed 3.59% to recent value of $28.27. The stock transacted 849691 shares during most recent day however it has an average volume of 634.47K shares. The company has 145.66M of outstanding shares and 136.08M shares were floated in the market.

On April 9, 2020, The Board of Directors of First Financial Bankshares (NASDAQ:FFIN) disclosed the expansion of its mortgage footprint into Austin, Texas with a new mortgage office located at 13215 Bee Cave Parkway, Building A, Suite 242.  In addition, Irene Green has been elected to Senior Vice President of Mortgage Lending. Both announcements were made by F. Scott Dueser, Chairman, President, and CEO of First Financial Bank, N.A.

We are extremely pleased to expand our mortgage originations into the Austin area, and bring Irene Green to the First Financial Mortgage team, said Dueser.  Irene’s knowledge of the mortgage industry and the Austin area will make an immediate impact for our customers, communities, and homebuyers across all of Travis, Hays, Williamson and surrounding counties.

Irene has more than 30 years in the financial services industry and more than 19 years in mortgage lending. She began her career with a large community bank in Austin before joining First Financial in Austin.  Irene has received numerous awards for her exceptional mortgage lending efforts including a seven-time winner of Texas Monthly Five Star Award Professional, a four-time winner of Austin Business Journal Top 25 Mortgage Producer, and a two-time winner of Austin Magazine Top Mortgage Professional.

About First Financial Bank, N.A.

First Financial Bank, N.A. is a wholly owned subsidiary of First Financial Bankshares (NASDAQ: FFIN). Headquartered in Abilene, Texas, First Financial Bankshares is a financial holding company that through its subsidiary, First Financial Bank, N.A., operates multiple banking regions with 78 locations in Texas, including Abilene, Acton, Albany, Aledo, Alvarado, Beaumont, Boyd, Bridgeport, Brock, Bryan, Burleson, Cisco, Cleburne, Clyde, College Station, Conroe, Cut and Shoot, Decatur, Eastland, El Campo, Fort Worth, Fulshear, Glen Rose, Granbury, Grapevine, Hereford, Huntsville, Keller, Kingwood, Magnolia, Mauriceville, Merkel, Midlothian, Mineral Wells, Montgomery, Moran, New Waverly, Newton, Odessa, Orange, Palacios, Port Arthur, Ranger, Rising Star, Roby,  San  Angelo,  Southlake, Spring, Stephenville, Sweetwater, Tomball, Trent, Trophy Club, Vidor, Waxahachie, Weatherford, Willis, and Willow Park. The Company also operates First Financial Trust & Asset Management Company, N.A., with nine locations and First Technology Services, a technology operating company.

Its earnings per share (EPS) expected to touch remained 9.60% for this year while earning per share for the next 5-years is expected to reach at 10.00%. FFIN has an operating margin of 89.60% while its profit margin remained 51.60% for the last 12 months.

The price moved ahead of 10.04% from the mean of 20 days, -4.33% from mean of 50 days SMA and performed -12.17% from mean of 200 days price. Company’s performance for the week was 7.65%, 17.50% for month and YTD performance remained -19.46%.

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