First Financial Bankshares, Inc. $FFIN Shares Sold by CFM Wealth Partners LLC

CFM Wealth Partners LLC cut its holdings in First Financial Bankshares, Inc. (NASDAQ:FFINFree Report) by 2.7% during the second quarter, HoldingsChannel reports. The fund owned 161,772 shares of the bank’s stock after selling 4,541 shares during the period. CFM Wealth Partners LLC’s holdings in First Financial Bankshares were worth $5,821,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in FFIN. Fifth Third Bancorp lifted its holdings in First Financial Bankshares by 161.5% in the first quarter. Fifth Third Bancorp now owns 714 shares of the bank’s stock valued at $26,000 after acquiring an additional 441 shares during the last quarter. Investment Research & Advisory Group Inc. acquired a new position in First Financial Bankshares during the first quarter worth $26,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in First Financial Bankshares during the first quarter worth $36,000. Smartleaf Asset Management LLC lifted its stake in First Financial Bankshares by 47.5% during the first quarter. Smartleaf Asset Management LLC now owns 1,255 shares of the bank’s stock worth $45,000 after purchasing an additional 404 shares in the last quarter. Finally, Quarry LP lifted its stake in First Financial Bankshares by 336.9% during the first quarter. Quarry LP now owns 1,573 shares of the bank’s stock worth $57,000 after purchasing an additional 1,213 shares in the last quarter. 69.78% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on FFIN. Hovde Group upped their price target on First Financial Bankshares from $38.00 to $39.00 and gave the stock a “market perform” rating in a research note on Monday, July 21st. Keefe, Bruyette & Woods upped their price target on First Financial Bankshares from $36.00 to $38.00 and gave the stock a “market perform” rating in a research note on Friday, July 18th. Weiss Ratings restated a “hold (c+)” rating on shares of First Financial Bankshares in a research note on Saturday, September 27th. Finally, Cantor Fitzgerald began coverage on First Financial Bankshares in a research note on Wednesday, September 10th. They set a “neutral” rating and a $39.00 price target on the stock. Five analysts have rated the stock with a Hold rating, According to data from MarketBeat, First Financial Bankshares currently has a consensus rating of “Hold” and an average target price of $39.00.

Read Our Latest Stock Analysis on FFIN

First Financial Bankshares Trading Up 0.4%

Shares of NASDAQ FFIN opened at $33.63 on Tuesday. The stock has a market cap of $4.81 billion, a P/E ratio of 19.55 and a beta of 0.86. First Financial Bankshares, Inc. has a 12-month low of $30.58 and a 12-month high of $44.66. The business’s fifty day simple moving average is $35.37 and its 200-day simple moving average is $35.26.

First Financial Bankshares (NASDAQ:FFINGet Free Report) last announced its quarterly earnings data on Thursday, July 17th. The bank reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.02. The business had revenue of $156.60 million for the quarter, compared to analysts’ expectations of $156.41 million. First Financial Bankshares had a return on equity of 14.69% and a net margin of 31.01%.During the same period last year, the firm earned $0.37 earnings per share. On average, equities analysts forecast that First Financial Bankshares, Inc. will post 1.78 EPS for the current fiscal year.

First Financial Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 15th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Monday, September 15th. First Financial Bankshares’s dividend payout ratio is 44.19%.

About First Financial Bankshares

(Free Report)

First Financial Bankshares, Inc, through its subsidiaries, provides commercial banking products and services in Texas. The company offers checking, savings and time deposits; automated teller machines, drive-in, and night deposit services; safe deposit facilities, remote deposit capture, internet banking, mobile banking, payroll cards, funds transfer, and performing other customary commercial banking services; securities brokerage services; and trust and wealth management services, including wealth management, estates administration, oil and gas management, testamentary trusts, revocable and irrevocable trusts, and agency accounts.

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

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