State of Alaska Department of Revenue Has $420,000 Stock Position in First Financial Bankshares, Inc. (NASDAQ:FFIN)

State of Alaska Department of Revenue reduced its holdings in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 9.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 13,871 shares of the bank’s stock after selling 1,505 shares during the quarter. State of Alaska Department of Revenue’s holdings in First Financial Bankshares were worth $420,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Captrust Financial Advisors increased its position in shares of First Financial Bankshares by 3.9% during the fourth quarter. Captrust Financial Advisors now owns 8,691 shares of the bank’s stock worth $299,000 after buying an additional 328 shares during the period. Blue Trust Inc. increased its position in shares of First Financial Bankshares by 1.5% during the fourth quarter. Blue Trust Inc. now owns 24,927 shares of the bank’s stock worth $755,000 after buying an additional 379 shares during the period. Creative Planning increased its position in shares of First Financial Bankshares by 4.9% during the second quarter. Creative Planning now owns 8,114 shares of the bank’s stock worth $319,000 after buying an additional 380 shares during the period. First Republic Investment Management Inc. increased its position in shares of First Financial Bankshares by 2.3% during the first quarter. First Republic Investment Management Inc. now owns 23,353 shares of the bank’s stock worth $745,000 after buying an additional 526 shares during the period. Finally, Arizona State Retirement System increased its position in shares of First Financial Bankshares by 1.4% during the third quarter. Arizona State Retirement System now owns 38,608 shares of the bank’s stock worth $970,000 after buying an additional 530 shares during the period. 69.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

FFIN has been the subject of several recent analyst reports. Keefe, Bruyette & Woods increased their price objective on shares of First Financial Bankshares from $30.00 to $31.00 and gave the stock a “market perform” rating in a research report on Friday, January 26th. Stephens increased their price objective on shares of First Financial Bankshares from $30.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Friday, January 26th. Finally, Truist Financial cut their target price on shares of First Financial Bankshares from $35.00 to $34.00 and set a “hold” rating on the stock in a research note on Monday, April 1st. One research analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $30.75.

First Financial Bankshares Stock Down 1.8 %

Shares of NASDAQ FFIN opened at $29.68 on Friday. The firm has a market cap of $4.24 billion, a PE ratio of 21.20 and a beta of 0.82. First Financial Bankshares, Inc. has a 12-month low of $22.84 and a 12-month high of $33.15. The company’s fifty day simple moving average is $31.29 and its 200 day simple moving average is $28.69.

First Financial Bankshares (NASDAQ:FFIN) last issued its earnings results on Thursday, January 25th. The bank reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.02). First Financial Bankshares had a return on equity of 14.53% and a net margin of 31.28%. The company had revenue of $119.49 million for the quarter, compared to the consensus estimate of $125.09 million. During the same period in the prior year, the company earned $0.41 earnings per share. The firm’s revenue was down 9.9% compared to the same quarter last year. On average, equities analysts predict that First Financial Bankshares, Inc. will post 1.45 earnings per share for the current year.

First Financial Bankshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend was Thursday, March 14th. First Financial Bankshares’s dividend payout ratio (DPR) is 51.43%.

First Financial Bankshares Company 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.