First Trust Advisors LP lifted its holdings in First Financial Bankshares Inc (NASDAQ:FFIN) by 22.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 142,458 shares of the bank’s stock after purchasing an additional 26,294 shares during the quarter. First Trust Advisors LP’s holdings in First Financial Bankshares were worth $8,419,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Glen Harbor Capital Management LLC lifted its holdings in shares of First Financial Bankshares by 14.9% in the second quarter. Glen Harbor Capital Management LLC now owns 6,798 shares of the bank’s stock valued at $346,000 after buying an additional 880 shares during the period. Bbva Compass Bancshares Inc. lifted its holdings in shares of First Financial Bankshares by 3.5% in the second quarter. Bbva Compass Bancshares Inc. now owns 26,886 shares of the bank’s stock valued at $1,368,000 after buying an additional 899 shares during the period. Aperio Group LLC lifted its holdings in shares of First Financial Bankshares by 4.7% in the second quarter. Aperio Group LLC now owns 20,910 shares of the bank’s stock valued at $1,064,000 after buying an additional 936 shares during the period. Pinebridge Investments L.P. lifted its holdings in shares of First Financial Bankshares by 2.4% in the second quarter. Pinebridge Investments L.P. now owns 44,903 shares of the bank’s stock valued at $2,286,000 after buying an additional 1,033 shares during the period. Finally, Creative Planning lifted its holdings in shares of First Financial Bankshares by 5.3% in the second quarter. Creative Planning now owns 23,851 shares of the bank’s stock valued at $1,214,000 after buying an additional 1,203 shares during the period. 53.82% of the stock is owned by institutional investors.

Several analysts have recently weighed in on the company. Zacks Investment Research lowered First Financial Bankshares from a “buy” rating to a “hold” rating in a report on Tuesday, November 6th. BidaskClub upgraded First Financial Bankshares from a “hold” rating to a “buy” rating in a report on Thursday, November 1st. Stephens set a $52.00 price objective on First Financial Bankshares and gave the company a “hold” rating in a report on Monday, October 22nd. Finally, Robert W. Baird assumed coverage on First Financial Bankshares in a report on Tuesday, October 16th. They issued a “neutral” rating and a $60.00 price objective for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. First Financial Bankshares presently has a consensus rating of “Hold” and a consensus target price of $50.71.

Shares of NASDAQ FFIN opened at $63.55 on Thursday. First Financial Bankshares Inc has a 12 month low of $43.42 and a 12 month high of $64.73. The firm has a market cap of $4.27 billion, a PE ratio of 37.38 and a beta of 1.14.

First Financial Bankshares (NASDAQ:FFIN) last announced its earnings results on Thursday, October 18th. The bank reported $0.59 EPS for the quarter, beating the consensus estimate of $0.57 by $0.02. First Financial Bankshares had a return on equity of 14.09% and a net margin of 39.25%. The business had revenue of $96.48 million during the quarter, compared to the consensus estimate of $97.34 million. During the same period in the prior year, the business posted $0.44 earnings per share. First Financial Bankshares’s revenue was up 14.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that First Financial Bankshares Inc will post 2.18 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Friday, December 14th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend is Thursday, December 13th. First Financial Bankshares’s dividend payout ratio is 49.41%.

In related news, Director Johnny Trotter bought 2,000 shares of First Financial Bankshares stock in a transaction dated Tuesday, October 23rd. The stock was acquired at an average cost of $55.65 per share, with a total value of $111,300.00. Following the completion of the acquisition, the director now directly owns 384,926 shares in the company, valued at approximately $21,421,131.90. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 4.77% of the company’s stock.

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First Financial Bankshares Company 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.

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

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