Louisiana State Employees Retirement System Invests $1.09 Million in First Financial Bankshares, Inc. (NASDAQ:FFIN)

Louisiana State Employees Retirement System purchased a new stake in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 36,100 shares of the bank’s stock, valued at approximately $1,094,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new stake in shares of First Financial Bankshares in the fourth quarter worth about $2,965,000. Ballentine Partners LLC purchased a new stake in shares of First Financial Bankshares in the fourth quarter worth about $352,000. Kingsview Wealth Management LLC purchased a new stake in shares of First Financial Bankshares in the third quarter worth about $593,000. Tudor Investment Corp Et Al purchased a new stake in shares of First Financial Bankshares in the third quarter worth about $2,424,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of First Financial Bankshares by 5.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,915 shares of the bank’s stock worth $1,815,000 after buying an additional 3,228 shares during the period. Hedge funds and other institutional investors own 69.78% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on FFIN shares. Stephens decreased their target price on First Financial Bankshares from $35.00 to $31.00 and set an “equal weight” rating for the company in a research report on Friday, April 19th. Truist Financial cut their price target on First Financial Bankshares from $34.00 to $32.00 and set a “hold” rating on the stock in a research note on Monday. Finally, Keefe, Bruyette & Woods boosted their price target on First Financial Bankshares from $30.00 to $31.00 and gave the stock a “market perform” rating in a research note on Friday, January 26th. One analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $31.33.

First Financial Bankshares Stock Up 0.3 %

Shares of NASDAQ FFIN opened at $30.51 on Wednesday. The stock’s 50 day moving average price is $31.09 and its two-hundred day moving average price is $29.00. First Financial Bankshares, Inc. has a 52-week low of $22.84 and a 52-week high of $33.15. The stock has a market capitalization of $4.36 billion, a P/E ratio of 21.79 and a beta of 0.82.

First Financial Bankshares (NASDAQ:FFIN) last announced its quarterly earnings data on Thursday, April 18th. The bank reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.02. First Financial Bankshares had a return on equity of 14.28% and a net margin of 30.03%. The firm had revenue of $129.63 million for the quarter, compared to analysts’ expectations of $129.72 million. During the same quarter in the prior year, the firm posted $0.39 earnings per share. First Financial Bankshares’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, analysts anticipate that First Financial Bankshares, Inc. will post 1.45 EPS for the current year.

About First Financial Bankshares

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.