First Financial Bankshares, Inc. (NASDAQ:FFIN) Shares Bought by State of Michigan Retirement System

State of Michigan Retirement System grew its holdings in shares of First Financial Bankshares, Inc. (NASDAQ:FFINFree Report) by 2.3% in the first quarter, according to its most recent filing with the SEC. The firm owned 31,563 shares of the bank’s stock after acquiring an additional 700 shares during the quarter. State of Michigan Retirement System’s holdings in First Financial Bankshares were worth $1,036,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Blue Trust Inc. boosted its position in First Financial Bankshares by 1.5% during the 4th quarter. Blue Trust Inc. now owns 24,927 shares of the bank’s stock worth $755,000 after acquiring an additional 379 shares during the period. Hexagon Capital Partners LLC boosted its position in First Financial Bankshares by 81.1% during the 1st quarter. Hexagon Capital Partners LLC now owns 927 shares of the bank’s stock worth $30,000 after acquiring an additional 415 shares during the period. Retirement Systems of Alabama boosted its position in First Financial Bankshares by 0.3% during the 4th quarter. Retirement Systems of Alabama now owns 160,861 shares of the bank’s stock worth $4,874,000 after acquiring an additional 455 shares during the period. Ballentine Partners LLC boosted its position in First Financial Bankshares by 4.5% during the 1st quarter. Ballentine Partners LLC now owns 12,130 shares of the bank’s stock worth $398,000 after acquiring an additional 521 shares during the period. Finally, Lindbrook Capital LLC boosted its position in 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 acquiring an additional 523 shares during the period. Institutional investors and hedge funds own 69.78% of the company’s stock.

First Financial Bankshares Stock Down 2.0 %

Shares of First Financial Bankshares stock opened at $28.71 on Friday. The stock’s fifty day moving average is $29.62 and its 200-day moving average is $30.29. The firm has a market capitalization of $4.10 billion, a PE ratio of 20.51 and a beta of 0.80. First Financial Bankshares, Inc. has a 12-month low of $22.84 and a 12-month high of $33.15.

First Financial Bankshares (NASDAQ:FFINGet Free Report) last announced 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 company had revenue of $129.63 million for the quarter, compared to analyst estimates of $129.72 million. First Financial Bankshares had a return on equity of 14.28% and a net margin of 30.03%. First Financial Bankshares’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.39 earnings per share. Analysts expect that First Financial Bankshares, Inc. will post 1.49 EPS for the current year.

First Financial Bankshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Friday, June 14th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend was Friday, June 14th. First Financial Bankshares’s payout ratio is 51.43%.

Insider Activity at First Financial Bankshares

In other First Financial Bankshares news, Director Johnny Trotter purchased 1,000 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The shares were purchased at an average cost of $27.79 per share, with a total value of $27,790.00. Following the completion of the transaction, the director now owns 943,371 shares of the company’s stock, valued at $26,216,280.09. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other First Financial Bankshares news, Director Sally Pope Davis purchased 1,800 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The shares were purchased at an average cost of $28.75 per share, with a total value of $51,750.00. Following the completion of the transaction, the director now owns 1,800 shares of the company’s stock, valued at $51,750. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Johnny Trotter bought 1,000 shares of the stock in a transaction on Friday, June 14th. The stock was purchased at an average price of $27.79 per share, for a total transaction of $27,790.00. Following the purchase, the director now directly owns 943,371 shares of the company’s stock, valued at $26,216,280.09. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 6,743 shares of company stock valued at $199,526. Company insiders own 4.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on FFIN shares. Truist Financial dropped their price objective on 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. Stephens dropped their price objective on 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.

View Our Latest Report on FFIN

About First Financial Bankshares

(Free Report)

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.

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Institutional Ownership by Quarter for First Financial Bankshares (NASDAQ:FFIN)

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