New York State Common Retirement Fund Sells 808 Shares of First Financial Bankshares, Inc. (NASDAQ:FFIN)

New York State Common Retirement Fund decreased its holdings in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) by 1.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 77,675 shares of the bank’s stock after selling 808 shares during the period. New York State Common Retirement Fund’s holdings in First Financial Bankshares were worth $2,354,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of FFIN. Cambridge Investment Research Advisors Inc. raised its stake in shares of First Financial Bankshares by 5.4% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 48,387 shares of the bank’s stock valued at $1,215,000 after acquiring an additional 2,500 shares during the last quarter. Raymond James & Associates raised its stake in shares of First Financial Bankshares by 2.4% in the third quarter. Raymond James & Associates now owns 52,364 shares of the bank’s stock valued at $1,315,000 after acquiring an additional 1,234 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of First Financial Bankshares by 18.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,713 shares of the bank’s stock valued at $696,000 after acquiring an additional 4,251 shares during the last quarter. Inspire Investing LLC raised its stake in shares of First Financial Bankshares by 12.0% in the third quarter. Inspire Investing LLC now owns 13,876 shares of the bank’s stock valued at $349,000 after acquiring an additional 1,489 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of First Financial Bankshares in the third quarter valued at approximately $40,000. Institutional investors own 69.78% of the company’s stock.

Analyst Ratings Changes

FFIN has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods lifted 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 research note on Friday, January 26th. 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. Finally, Truist Financial lowered their price target on shares of First Financial Bankshares from $34.00 to $32.00 and set a “hold” rating for the company in a report on Monday, April 22nd. One research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $31.33.

Insiders Place Their Bets

In other First Financial Bankshares news, Director Johnny Trotter bought 1,500 shares of the stock in a transaction 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 acquisition, the director now owns 940,371 shares of the company’s stock, valued at $28,418,011.62. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In the last 90 days, insiders acquired 3,193 shares of company stock valued at $96,766. Company insiders own 4.22% of the company’s stock.

First Financial Bankshares Price Performance

Shares of First Financial Bankshares stock opened at $31.08 on Wednesday. The firm has a market cap of $4.44 billion, a P/E ratio of 22.20 and a beta of 0.83. The firm has a 50 day simple moving average of $30.88 and a 200 day simple moving average of $29.43. First Financial Bankshares, Inc. has a fifty-two week low of $22.84 and a fifty-two week high of $33.15.

First Financial Bankshares (NASDAQ:FFIN) last issued its quarterly earnings results on Tuesday, April 23rd. The bank reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.02. The business had revenue of $129.63 million during the quarter, compared to analyst estimates of $129.72 million. First Financial Bankshares had a net margin of 30.03% and a return on equity of 14.28%. First Financial Bankshares’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.39 earnings per share. On average, sell-side 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.