Stifel Financial Corp raised its position in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 0.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,238 shares of the bank’s stock after buying an additional 27 shares during the quarter. Stifel Financial Corp’s holdings in First Financial Bankshares were worth $536,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FFIN. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in First Financial Bankshares by 11.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,309 shares of the bank’s stock valued at $102,000 after buying an additional 239 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of First Financial Bankshares by 26.8% during the 1st quarter. Victory Capital Management Inc. now owns 3,520 shares of the bank’s stock worth $141,000 after purchasing an additional 743 shares in the last quarter. Riverhead Capital Management LLC grew its holdings in shares of First Financial Bankshares by 63.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,593 shares of the bank’s stock worth $159,000 after purchasing an additional 1,393 shares in the last quarter. FCA Corp TX acquired a new stake in shares of First Financial Bankshares during the 2nd quarter worth $213,000. Finally, Strs Ohio grew its holdings in shares of First Financial Bankshares by 6.4% during the 2nd quarter. Strs Ohio now owns 5,000 shares of the bank’s stock worth $221,000 after purchasing an additional 300 shares in the last quarter. 50.08% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have recently issued reports on the company. Zacks Investment Research raised First Financial Bankshares from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a report on Thursday. Keefe, Bruyette & Woods reissued a “hold” rating and set a $42.00 target price on shares of First Financial Bankshares in a report on Friday, October 20th. Stephens set a $39.00 target price on First Financial Bankshares and gave the stock a “hold” rating in a report on Wednesday, August 2nd. Piper Jaffray Companies reissued a “hold” rating and set a $41.00 target price on shares of First Financial Bankshares in a report on Friday, July 21st. Finally, BidaskClub lowered First Financial Bankshares from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $43.40.

Shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) opened at 46.45 on Monday. The company’s 50 day moving average price is $44.00 and its 200 day moving average price is $41.74. The company has a market capitalization of $3.05 billion, a P/E ratio of 28.64 and a beta of 1.38. First Financial Bankshares, Inc. has a 12 month low of $35.05 and a 12 month high of $47.90.

First Financial Bankshares (NASDAQ:FFIN) last posted its earnings results on Thursday, October 19th. The bank reported $0.44 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.44. First Financial Bankshares had a return on equity of 12.70% and a net margin of 33.51%. The business had revenue of $83.95 million during the quarter, compared to analysts’ expectations of $89.87 million. During the same period in the previous year, the business earned $0.39 earnings per share. The firm’s revenue was up 6.4% on a year-over-year basis. Analysts expect that First Financial Bankshares, Inc. will post $1.70 EPS for the current fiscal year.

First Financial Bankshares declared that its board has approved a stock buyback program on Tuesday, July 25th that allows the company to buyback 2,000,000 shares. This buyback authorization allows the bank to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

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First Financial Bankshares Profile

First Financial Bankshares, Inc is a financial holding company. The Company, through its subsidiaries, conducts commercial banking business. As of December 31, 2016, the Company’s subsidiaries included First Financial Bank, National Association, Abilene, Texas; First Technology Services, Inc, Abilene, Texas; First Financial Trust & Asset Management Company, National Association, Abilene, Texas; First Financial Investments, Inc, Abilene, Texas, and First Financial Insurance Agency, Inc, Abilene, Texas.

Institutional Ownership by Quarter for First Financial Bankshares (NASDAQ:FFIN)

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