First Financial Bankshares, Inc. (NASDAQ:FFIN) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System lessened its position in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) by 4.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 224,038 shares of the bank’s stock after selling 11,529 shares during the quarter. California Public Employees Retirement System’s holdings in First Financial Bankshares were worth $6,788,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. First Command Advisory Services Inc. acquired a new position in First Financial Bankshares during the third quarter worth about $26,000. Lindbrook Capital LLC raised its position in shares of First Financial Bankshares by 134.8% during the 4th quarter. Lindbrook Capital LLC now owns 911 shares of the bank’s stock worth $28,000 after purchasing an additional 523 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of First Financial Bankshares during the 3rd quarter worth approximately $40,000. Signaturefd LLC grew its holdings in First Financial Bankshares by 35.6% during the 3rd quarter. Signaturefd LLC now owns 2,676 shares of the bank’s stock valued at $67,000 after buying an additional 703 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new stake in First Financial Bankshares during the 3rd quarter valued at $115,000. 69.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FFIN has been the topic of several recent research reports. Truist Financial reduced their price objective on First Financial Bankshares from $34.00 to $32.00 and set a “hold” rating on the stock in a research report on Monday, April 22nd. Keefe, Bruyette & Woods upped their target price on shares of First Financial Bankshares from $30.00 to $31.00 and gave the company a “market perform” rating in a report on Friday, January 26th. Finally, Stephens lowered their price target on shares of 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 research analyst has rated the stock with a sell rating and three have given a hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $31.33.

First Financial Bankshares Stock Up 0.6 %

FFIN stock opened at $30.76 on Friday. The stock has a market capitalization of $4.39 billion, a price-to-earnings ratio of 21.97 and a beta of 0.83. First Financial Bankshares, Inc. has a 52-week low of $22.84 and a 52-week high of $33.15. The stock’s fifty day simple moving average is $30.88 and its 200-day simple moving average is $29.22.

First Financial Bankshares (NASDAQ:FFIN) last issued its quarterly 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. 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 analyst estimates of $129.72 million. During the same period last year, the company earned $0.39 EPS. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. As a group, analysts anticipate that First Financial Bankshares, Inc. will post 1.47 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Johnny Trotter purchased 1,500 shares of the company’s stock in a transaction that occurred on Thursday, April 25th. The stock was purchased at an average price of $30.22 per share, with a total value of $45,330.00. Following the completion of the transaction, the director now owns 940,371 shares of the company’s stock, valued at approximately $28,418,011.62. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders have purchased 3,177 shares of company stock valued at $95,834. Insiders own 4.22% of the company’s stock.

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.