First Financial Bankshares, Inc. $FFIN Stake Boosted by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC raised its stake in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 5,474.7% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 16,724 shares of the bank’s stock after buying an additional 16,424 shares during the quarter. Ameritas Advisory Services LLC’s holdings in First Financial Bankshares were worth $563,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Covestor Ltd increased its stake in First Financial Bankshares by 14.0% during the 3rd quarter. Covestor Ltd now owns 3,255 shares of the bank’s stock valued at $110,000 after buying an additional 399 shares during the period. Smartleaf Asset Management LLC raised its holdings in First Financial Bankshares by 24.3% during the 3rd quarter. Smartleaf Asset Management LLC now owns 2,064 shares of the bank’s stock worth $70,000 after buying an additional 403 shares during the period. Nisa Investment Advisors LLC raised its holdings in shares of First Financial Bankshares by 33.3% during the second quarter. Nisa Investment Advisors LLC now owns 1,648 shares of the bank’s stock valued at $60,000 after acquiring an additional 412 shares during the period. Captrust Financial Advisors lifted its holdings in shares of First Financial Bankshares by 7.1% in the second quarter. Captrust Financial Advisors now owns 6,244 shares of the bank’s stock valued at $225,000 after purchasing an additional 413 shares in the last quarter. Finally, Beacon Pointe Advisors LLC grew its stake in First Financial Bankshares by 1.0% during the 2nd quarter. Beacon Pointe Advisors LLC now owns 46,811 shares of the bank’s stock valued at $1,684,000 after acquiring an additional 447 shares in the last quarter. 69.78% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have commented on the stock. Keefe, Bruyette & Woods decreased their target price on shares of First Financial Bankshares from $38.00 to $36.00 and set a “market perform” rating for the company in a research report on Friday, October 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of First Financial Bankshares in a report on Friday, January 9th. Finally, Hovde Group upgraded First Financial Bankshares from a “market perform” rating to an “outperform” rating and set a $39.00 target price on the stock in a report on Monday, October 27th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, First Financial Bankshares presently has an average rating of “Hold” and an average price target of $38.00.

First Financial Bankshares Trading Up 0.1%

First Financial Bankshares stock opened at $33.48 on Monday. First Financial Bankshares, Inc. has a 1 year low of $29.43 and a 1 year high of $38.74. The company has a market cap of $4.79 billion, a PE ratio of 18.92 and a beta of 0.86. The company’s 50-day moving average is $31.96 and its two-hundred day moving average is $32.97.

First Financial Bankshares (NASDAQ:FFIN) last posted its earnings results on Friday, January 23rd. The bank reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.03. The firm had revenue of $164.72 million for the quarter, compared to analyst estimates of $165.70 million. First Financial Bankshares had a return on equity of 14.16% and a net margin of 30.43%.The company’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.43 earnings per share. Research analysts forecast that First Financial Bankshares, Inc. will post 1.78 EPS for the current year.

First Financial Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Friday, March 13th. First Financial Bankshares’s dividend payout ratio is currently 42.94%.

First Financial Bankshares Company Profile

First Financial Bankshares, Inc is a regional bank holding company headquartered in Cincinnati, Ohio. Through its primary subsidiary, First Financial Bank, the company offers a full suite of banking products and services to individual, small business and commercial clients. With roots dating back to 1863, First Financial has cultivated a strong community banking heritage, combining personalized service with modern financial solutions.

The company’s core business activities include commercial and consumer lending, deposit products, treasury management, mortgage origination and servicing, and wealth management.