Callan Family Office LLC Purchases Shares of 13,532 First Financial Bankshares, Inc. $FFIN

Callan Family Office LLC purchased a new stake in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 13,532 shares of the bank’s stock, valued at approximately $487,000.

Several other institutional investors have also added to or reduced their stakes in FFIN. Nuveen LLC purchased a new stake in First Financial Bankshares during the first quarter valued at about $34,662,000. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of First Financial Bankshares by 36.0% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,465,774 shares of the bank’s stock valued at $88,571,000 after acquiring an additional 652,575 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of First Financial Bankshares by 125.7% during the first quarter. Ameriprise Financial Inc. now owns 1,085,517 shares of the bank’s stock valued at $38,993,000 after acquiring an additional 604,648 shares during the last quarter. Jane Street Group LLC raised its stake in shares of First Financial Bankshares by 484.7% during the first quarter. Jane Street Group LLC now owns 251,601 shares of the bank’s stock valued at $9,038,000 after acquiring an additional 208,573 shares during the last quarter. Finally, Panagora Asset Management Inc. raised its stake in shares of First Financial Bankshares by 175.7% during the first quarter. Panagora Asset Management Inc. now owns 270,589 shares of the bank’s stock valued at $9,720,000 after acquiring an additional 172,453 shares during the last quarter. 69.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on FFIN. Cantor Fitzgerald began coverage on shares of First Financial Bankshares in a research note on Wednesday, September 10th. They issued a “neutral” rating and a $39.00 price target for the company. Keefe, Bruyette & Woods increased their price target on shares of First Financial Bankshares from $36.00 to $38.00 and gave the stock a “market perform” rating in a research note on Friday, July 18th. Weiss Ratings reissued a “hold (c)” rating on shares of First Financial Bankshares in a research note on Tuesday. Finally, Hovde Group increased their price target on shares of First Financial Bankshares from $38.00 to $39.00 and gave the stock a “market perform” rating in a research note on Monday, July 21st. Five equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $39.00.

First Financial Bankshares Stock Up 2.7%

NASDAQ FFIN opened at $33.69 on Wednesday. The firm has a market cap of $4.82 billion, a PE ratio of 19.59 and a beta of 0.86. The company has a 50 day moving average price of $35.19 and a 200 day moving average price of $35.14. First Financial Bankshares, Inc. has a 52 week low of $30.58 and a 52 week high of $44.66.

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

First Financial Bankshares Announces Dividend

The firm also recently disclosed 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 dividend payout ratio is 44.19%.

First Financial Bankshares Company 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.