Zurcher Kantonalbank Zurich Cantonalbank Buys 5,275 Shares of First Financial Bankshares, Inc. (NASDAQ:FFIN)

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) by 19.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 32,988 shares of the bank’s stock after acquiring an additional 5,275 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in First Financial Bankshares were worth $1,000,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. First Command Advisory Services Inc. bought a new stake in shares of First Financial Bankshares during the 3rd quarter valued at $26,000. Allspring Global Investments Holdings LLC bought a new stake in shares of First Financial Bankshares during the 3rd quarter worth $40,000. Signaturefd LLC lifted its position in shares of First Financial Bankshares by 35.6% during the 3rd quarter. Signaturefd LLC now owns 2,676 shares of the bank’s stock worth $67,000 after buying an additional 703 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of First Financial Bankshares during the 3rd quarter worth $115,000. Finally, Briaud Financial Planning Inc bought a new stake in shares of First Financial Bankshares during the 3rd quarter worth $147,000. 69.78% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on FFIN. Keefe, Bruyette & Woods upped their price objective on 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. Truist Financial lowered their target price on First Financial Bankshares from $34.00 to $32.00 and set a “hold” rating for the company in a report on Monday, April 22nd. Finally, Stephens lowered their target price on First Financial Bankshares from $35.00 to $31.00 and set an “equal weight” rating for the company in a report on Friday, April 19th. One analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $31.33.

First Financial Bankshares Stock Down 0.2 %

Shares of FFIN opened at $30.36 on Monday. First Financial Bankshares, Inc. has a 12-month low of $22.84 and a 12-month high of $33.15. The business has a 50-day simple moving average of $31.01 and a two-hundred day simple moving average of $29.13. The stock has a market cap of $4.33 billion, a PE ratio of 21.69 and a beta of 0.82.

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 analysts’ consensus estimates of $0.35 by $0.02. The business had revenue of $129.63 million during the quarter, compared to analysts’ expectations of $129.72 million. First Financial Bankshares had a return on equity of 14.28% and a net margin of 30.03%. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.39 EPS. On average, equities research analysts expect that First Financial Bankshares, Inc. will post 1.47 EPS for the current year.

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.