First Financial Bankshares, Inc. $FFIN Shares Sold by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc decreased its holdings in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 14.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,662 shares of the bank’s stock after selling 7,256 shares during the quarter. Ensign Peak Advisors Inc’s holdings in First Financial Bankshares were worth $1,571,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FFIN. Ontario Teachers Pension Plan Board raised its stake in First Financial Bankshares by 84.4% in the second quarter. Ontario Teachers Pension Plan Board now owns 52,972 shares of the bank’s stock valued at $1,906,000 after buying an additional 24,247 shares during the last quarter. Intech Investment Management LLC increased its holdings in shares of First Financial Bankshares by 13.9% during the second quarter. Intech Investment Management LLC now owns 67,313 shares of the bank’s stock valued at $2,422,000 after acquiring an additional 8,232 shares in the last quarter. Creative Planning raised its position in shares of First Financial Bankshares by 22.4% in the 2nd quarter. Creative Planning now owns 83,526 shares of the bank’s stock valued at $3,005,000 after purchasing an additional 15,266 shares during the last quarter. SG Americas Securities LLC boosted its stake in First Financial Bankshares by 443.8% in the 2nd quarter. SG Americas Securities LLC now owns 34,897 shares of the bank’s stock worth $1,256,000 after purchasing an additional 28,480 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in First Financial Bankshares by 7.6% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 33,078 shares of the bank’s stock worth $1,190,000 after purchasing an additional 2,333 shares during the last quarter. 69.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on FFIN shares. Hovde Group raised shares of First Financial Bankshares from a “market perform” rating to an “outperform” rating and set a $39.00 price target for the company in a report on Monday, October 27th. Weiss Ratings reissued a “hold (c)” rating on shares of First Financial Bankshares in a research report on Tuesday, October 14th. Cantor Fitzgerald initiated coverage on First Financial Bankshares in a research note on Wednesday, September 10th. They issued a “neutral” rating and a $39.00 target price for the company. Finally, Keefe, Bruyette & Woods dropped their price target on First Financial Bankshares from $38.00 to $36.00 and set a “market perform” rating on the stock in a research note on Friday, October 24th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $38.00.

First Financial Bankshares Price Performance

NASDAQ:FFIN opened at $31.24 on Friday. The company’s fifty day moving average price is $32.10 and its 200-day moving average price is $34.66. First Financial Bankshares, Inc. has a 1-year low of $29.80 and a 1-year high of $43.20. The firm has a market capitalization of $4.47 billion, a P/E ratio of 18.49 and a beta of 0.88.

First Financial Bankshares (NASDAQ:FFIN) last posted its quarterly earnings results on Friday, October 24th. The bank reported $0.36 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.11). The business had revenue of $161.27 million during the quarter, compared to analysts’ expectations of $161.21 million. First Financial Bankshares had a net margin of 29.81% and a return on equity of 14.16%. First Financial Bankshares’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.37 earnings per share. Equities analysts anticipate that First Financial Bankshares, Inc. will post 1.78 EPS for the current fiscal year.

First Financial Bankshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Monday, December 15th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Monday, December 15th. First Financial Bankshares’s dividend payout ratio (DPR) is 44.97%.

Insider Activity at First Financial Bankshares

In related news, Director Sally Pope Davis purchased 1,700 shares of the firm’s stock in a transaction on Friday, October 31st. The stock was bought at an average cost of $30.73 per share, with a total value of $52,241.00. Following the completion of the acquisition, the director owned 6,971 shares of the company’s stock, valued at $214,218.83. The trade was a 32.25% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Michelle S. Hickox acquired 2,000 shares of the stock in a transaction on Tuesday, October 28th. The stock was bought at an average price of $31.15 per share, for a total transaction of $62,300.00. Following the transaction, the chief financial officer owned 24,461 shares in the company, valued at approximately $761,960.15. This represents a 8.90% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have purchased 4,353 shares of company stock valued at $134,888. 4.22% of the stock is owned by company insiders.

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.