Legal & General Group Plc increased its holdings in shares of First Financial Bankshares Inc (NASDAQ:FFIN) by 5.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 146,145 shares of the bank’s stock after purchasing an additional 8,176 shares during the period. Legal & General Group Plc owned approximately 0.22% of First Financial Bankshares worth $7,478,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Financial Sense Advisors Inc. acquired a new stake in First Financial Bankshares during the second quarter valued at $204,000. Lodestar Investment Counsel LLC IL acquired a new stake in First Financial Bankshares during the second quarter valued at $205,000. Russell Investments Group Ltd. acquired a new stake in First Financial Bankshares during the first quarter valued at $204,000. Silvant Capital Management LLC acquired a new stake in First Financial Bankshares during the first quarter valued at $272,000. Finally, Blair William & Co. IL grew its position in First Financial Bankshares by 20.0% during the first quarter. Blair William & Co. IL now owns 6,143 shares of the bank’s stock valued at $284,000 after buying an additional 1,025 shares during the period. 53.78% of the stock is owned by hedge funds and other institutional investors.

Several analysts recently commented on the stock. BidaskClub upgraded shares of First Financial Bankshares from a “hold” rating to a “buy” rating in a research report on Wednesday, August 15th. Zacks Investment Research lowered shares of First Financial Bankshares from a “buy” rating to a “hold” rating in a research report on Monday, June 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. First Financial Bankshares currently has an average rating of “Hold” and an average price target of $48.80.

FFIN stock opened at $60.45 on Tuesday. The firm has a market cap of $4.13 billion, a P/E ratio of 32.62 and a beta of 1.25. First Financial Bankshares Inc has a one year low of $40.63 and a one year high of $61.86.

First Financial Bankshares (NASDAQ:FFIN) last announced its earnings results on Thursday, July 19th. The bank reported $0.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.03. First Financial Bankshares had a net margin of 37.86% and a return on equity of 13.29%. The business had revenue of $93.10 million for the quarter, compared to analyst estimates of $93.10 million. During the same quarter last year, the business earned $0.43 earnings per share. The company’s revenue for the quarter was up 13.1% compared to the same quarter last year. equities analysts expect that First Financial Bankshares Inc will post 2.16 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 1st. Stockholders of record on Monday, September 17th will be given a $0.21 dividend. The ex-dividend date is Friday, September 14th. This represents a $0.84 annualized dividend and a dividend yield of 1.39%. First Financial Bankshares’s dividend payout ratio (DPR) is 49.41%.

First Financial Bankshares Profile

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.

Further Reading: Penny Stocks

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

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