Signaturefd LLC Increases Stock Position in First Financial Bankshares, Inc. (NASDAQ:FFIN)

Signaturefd LLC boosted its stake in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 101.3% during the fourth quarter, HoldingsChannel reports. The firm owned 5,386 shares of the bank’s stock after buying an additional 2,710 shares during the period. Signaturefd LLC’s holdings in First Financial Bankshares were worth $163,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Kayne Anderson Rudnick Investment Management LLC raised its stake in First Financial Bankshares by 1.4% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,615,353 shares of the bank’s stock valued at $90,818,000 after purchasing an additional 50,774 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of First Financial Bankshares by 58.7% during the third quarter. Envestnet Asset Management Inc. now owns 304,771 shares of the bank’s stock worth $7,656,000 after acquiring an additional 112,773 shares in the last quarter. Swiss National Bank raised its stake in shares of First Financial Bankshares by 1.0% during the third quarter. Swiss National Bank now owns 298,100 shares of the bank’s stock worth $7,488,000 after acquiring an additional 3,000 shares in the last quarter. Mutual of America Capital Management LLC raised its stake in shares of First Financial Bankshares by 16.7% during the fourth quarter. Mutual of America Capital Management LLC now owns 267,376 shares of the bank’s stock worth $8,101,000 after acquiring an additional 38,258 shares in the last quarter. Finally, CFM Wealth Partners LLC raised its stake in shares of First Financial Bankshares by 1.2% during the fourth quarter. CFM Wealth Partners LLC now owns 190,943 shares of the bank’s stock worth $5,786,000 after acquiring an additional 2,196 shares in the last quarter. 69.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on FFIN. Keefe, Bruyette & Woods lifted their price target on shares of 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. Stephens decreased their price target on shares of First Financial Bankshares from $35.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Friday, April 19th. Finally, Truist Financial decreased their price target on shares of First Financial Bankshares from $34.00 to $32.00 and set a “hold” rating on the stock in a research note on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating and three have given a hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $31.33.

First Financial Bankshares Stock Performance

Shares of First Financial Bankshares stock opened at $30.36 on Monday. 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 $4.33 billion, a price-to-earnings ratio of 21.69 and a beta of 0.82. The company’s 50 day moving average price is $31.01 and its 200-day moving average price is $29.13.

First Financial Bankshares (NASDAQ:FFIN) last issued its earnings results on Tuesday, April 23rd. The bank reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.02. First Financial Bankshares had a net margin of 30.03% and a return on equity of 14.28%. The firm had revenue of $129.63 million for the quarter, compared to analysts’ expectations of $129.72 million. During the same quarter last year, the business earned $0.39 earnings per share. The business’s revenue was up 4.3% on a year-over-year basis. As a group, equities research analysts forecast that First Financial Bankshares, Inc. will post 1.47 earnings per share for the current fiscal year.

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.