74,781 Shares in First Financial Bankshares, Inc. $FFIN Bought by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC bought a new position in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) in the 2nd quarter, Holdings Channel.com reports. The fund bought 74,781 shares of the bank’s stock, valued at approximately $2,691,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Champlain Investment Partners LLC grew its stake in First Financial Bankshares by 5.9% during the 1st quarter. Champlain Investment Partners LLC now owns 2,901,239 shares of the bank’s stock worth $104,213,000 after purchasing an additional 161,991 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its stake in First Financial Bankshares by 36.0% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,465,774 shares of the bank’s stock worth $88,571,000 after purchasing an additional 652,575 shares in the last quarter. Ameriprise Financial Inc. grew its stake in First Financial Bankshares by 125.7% during the 1st quarter. Ameriprise Financial Inc. now owns 1,085,517 shares of the bank’s stock worth $38,993,000 after purchasing an additional 604,648 shares in the last quarter. Nuveen LLC acquired a new position in First Financial Bankshares during the 1st quarter worth $34,662,000. Finally, Fuller & Thaler Asset Management Inc. grew its stake in First Financial Bankshares by 4.1% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 953,592 shares of the bank’s stock worth $34,253,000 after purchasing an additional 37,733 shares in the last quarter. 69.78% of the stock is owned by institutional investors and hedge funds.

First Financial Bankshares Stock Performance

First Financial Bankshares stock opened at $33.37 on Wednesday. First Financial Bankshares, Inc. has a fifty-two week low of $30.58 and a fifty-two week high of $44.66. The company has a market capitalization of $4.78 billion, a P/E ratio of 19.40 and a beta of 0.86. The stock has a 50-day simple moving average of $35.32 and a 200-day simple moving average of $35.25.

First Financial Bankshares (NASDAQ:FFIN) last posted its earnings results on Thursday, July 17th. The bank reported $0.47 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $156.60 million during the quarter, compared to the consensus estimate of $156.41 million. During the same period in the previous year, the business earned $0.37 EPS. As a group, analysts forecast that First Financial Bankshares, Inc. will post 1.78 earnings per share for the current year.

First Financial Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Monday, September 15th. First Financial Bankshares’s payout ratio is presently 44.19%.

Analysts Set New Price Targets

FFIN has been the subject of several analyst reports. Keefe, Bruyette & Woods upped their price objective on First Financial Bankshares from $36.00 to $38.00 and gave the stock a “market perform” rating in a research report on Friday, July 18th. Hovde Group upped their price objective on First Financial Bankshares from $38.00 to $39.00 and gave the stock a “market perform” rating in a research report on Monday, July 21st. Cantor Fitzgerald initiated coverage on First Financial Bankshares in a research report on Wednesday, September 10th. They set a “neutral” rating and a $39.00 price objective for the company. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of First Financial Bankshares in a research report on Saturday, September 27th. Five investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $39.00.

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.