First Financial Bankshares, Inc. $FFIN Shares Bought by Raymond James Financial Inc.

Raymond James Financial Inc. raised its holdings in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 25.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 289,652 shares of the bank’s stock after purchasing an additional 58,291 shares during the period. Raymond James Financial Inc. owned about 0.20% of First Financial Bankshares worth $10,404,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. State of Michigan Retirement System lifted its position in shares of First Financial Bankshares by 1.0% in the first quarter. State of Michigan Retirement System now owns 30,763 shares of the bank’s stock valued at $1,105,000 after acquiring an additional 300 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in shares of First Financial Bankshares by 0.8% in the first quarter. Louisiana State Employees Retirement System now owns 36,000 shares of the bank’s stock valued at $1,293,000 after acquiring an additional 300 shares in the last quarter. Numerai GP LLC lifted its position in shares of First Financial Bankshares by 1.8% in the fourth quarter. Numerai GP LLC now owns 18,033 shares of the bank’s stock valued at $650,000 after acquiring an additional 312 shares in the last quarter. 49 Wealth Management LLC lifted its position in shares of First Financial Bankshares by 4.7% in the fourth quarter. 49 Wealth Management LLC now owns 7,825 shares of the bank’s stock valued at $282,000 after acquiring an additional 350 shares in the last quarter. Finally, KBC Group NV lifted its position in shares of First Financial Bankshares by 6.8% in the first quarter. KBC Group NV now owns 5,792 shares of the bank’s stock valued at $208,000 after acquiring an additional 370 shares in the last quarter. 69.78% of the stock is owned by institutional investors and hedge funds.

First Financial Bankshares Stock Performance

Shares of First Financial Bankshares stock opened at $37.17 on Friday. First Financial Bankshares, Inc. has a one year low of $30.58 and a one year high of $44.66. The company has a market cap of $5.32 billion, a price-to-earnings ratio of 21.61 and a beta of 0.87. The business’s 50 day moving average price is $36.22 and its 200 day moving average price is $35.52.

First Financial Bankshares (NASDAQ:FFIN) last announced its quarterly earnings data on Thursday, July 17th. The bank reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.02. First Financial Bankshares had a return on equity of 14.69% and a net margin of 31.01%.The firm had revenue of $156.60 million for the quarter, compared to the consensus estimate of $156.41 million. During the same quarter last year, the business posted $0.37 earnings per share. On average, analysts predict that First Financial Bankshares, Inc. will post 1.78 EPS for the current fiscal year.

First Financial Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be given a dividend of $0.19 per share. The ex-dividend date is Monday, September 15th. This represents a $0.76 dividend on an annualized basis and a yield of 2.0%. First Financial Bankshares’s dividend payout ratio (DPR) is presently 44.19%.

Analyst Ratings Changes

FFIN has been the topic of several research reports. Hovde Group raised their target price on First Financial Bankshares from $38.00 to $39.00 and gave the company a “market perform” rating in a research report on Monday, July 21st. Keefe, Bruyette & Woods raised their target price on First Financial Bankshares from $36.00 to $38.00 and gave the company a “market perform” rating in a research report on Friday, July 18th. Four analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $39.25.

Insider Transactions at First Financial Bankshares

In other First Financial Bankshares news, Director Michael B. Denny bought 5,000 shares of the business’s stock in a transaction on Friday, June 13th. The stock was bought at an average price of $36.02 per share, with a total value of $180,100.00. Following the completion of the purchase, the director directly owned 108,708 shares in the company, valued at $3,915,662.16. The trade was a 4.82% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.22% of the stock is currently owned by company insiders.

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.