Blue Trust Inc. Buys 481 Shares of First Financial Bankshares, Inc. $FFIN

Blue Trust Inc. increased its position in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) by 1.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,527 shares of the bank’s stock after buying an additional 481 shares during the quarter. Blue Trust Inc.’s holdings in First Financial Bankshares were worth $1,170,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Fifth Third Bancorp boosted its stake in First Financial Bankshares by 161.5% in the first quarter. Fifth Third Bancorp now owns 714 shares of the bank’s stock worth $26,000 after purchasing an additional 441 shares in the last quarter. Investment Research & Advisory Group Inc. bought a new stake in shares of First Financial Bankshares during the 1st quarter valued at $26,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of First Financial Bankshares during the 1st quarter valued at $36,000. Smartleaf Asset Management LLC raised its position in shares of First Financial Bankshares by 47.5% during the 1st quarter. Smartleaf Asset Management LLC now owns 1,255 shares of the bank’s stock valued at $45,000 after acquiring an additional 404 shares during the last quarter. Finally, Quarry LP grew its stake in shares of 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 during the period. 69.78% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Keefe, Bruyette & Woods raised their target price on First Financial Bankshares from $36.00 to $38.00 and gave the stock a “market perform” rating in a report on Friday, July 18th. Hovde Group upped their target price on shares of First Financial Bankshares from $38.00 to $39.00 and gave the company a “market perform” rating in a research note on Monday, July 21st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of First Financial Bankshares in a research note on Saturday, September 27th. Finally, Cantor Fitzgerald started coverage on shares of First Financial Bankshares in a report on Wednesday, September 10th. They issued a “neutral” rating and a $39.00 price target for the company. Five investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $39.00.

First Financial Bankshares Stock Down 4.8%

Shares of FFIN stock opened at $32.11 on Friday. The company’s fifty day simple moving average is $35.23 and its 200-day simple moving average is $35.19. The firm has a market cap of $4.59 billion, a PE ratio of 18.67 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.

First Financial Bankshares (NASDAQ:FFIN) last issued its quarterly earnings results 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 firm had revenue of $156.60 million for the quarter, compared to analyst estimates of $156.41 million. First Financial Bankshares had a net margin of 31.01% and a return on equity of 14.69%. During the same period in the previous year, the business earned $0.37 EPS. On average, equities analysts predict that First Financial Bankshares, Inc. will post 1.78 earnings per share for the current fiscal year.

First Financial Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 15th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Monday, September 15th. First Financial Bankshares’s payout ratio is presently 44.19%.

First Financial Bankshares Profile

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.