Blue Trust Inc. Acquires 481 Shares of First Financial Bankshares, Inc. $FFIN

Blue Trust Inc. raised its holdings in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 1.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,527 shares of the bank’s stock after buying an additional 481 shares during the period. Blue Trust Inc.’s holdings in First Financial Bankshares were worth $1,170,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Ballentine Partners LLC boosted its position in First Financial Bankshares by 2.2% during the second quarter. Ballentine Partners LLC now owns 13,358 shares of the bank’s stock worth $481,000 after purchasing an additional 293 shares during the period. State of Michigan Retirement System lifted its stake in shares of First Financial Bankshares by 1.0% during the 1st quarter. State of Michigan Retirement System now owns 30,763 shares of the bank’s stock worth $1,105,000 after buying an additional 300 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in First Financial Bankshares by 0.8% in the 1st 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 during the period. KBC Group NV raised its holdings in First Financial Bankshares by 6.8% in the 1st quarter. KBC Group NV now owns 5,792 shares of the bank’s stock valued at $208,000 after acquiring an additional 370 shares during the period. Finally, State of Alaska Department of Revenue raised its holdings in First Financial Bankshares by 2.6% in the 1st quarter. State of Alaska Department of Revenue now owns 15,056 shares of the bank’s stock valued at $540,000 after acquiring an additional 385 shares during the period. 69.78% of the stock is owned by institutional investors and hedge funds.

First Financial Bankshares Stock Down 4.8%

Shares of First Financial Bankshares stock opened at $32.11 on Friday. The company has a market capitalization of $4.59 billion, a price-to-earnings ratio of 18.67 and a beta of 0.86. First Financial Bankshares, Inc. has a 12-month low of $30.58 and a 12-month high of $44.66. The firm’s 50-day moving average price is $35.23 and its two-hundred day moving average price is $35.19.

First Financial Bankshares (NASDAQ:FFIN) last issued its quarterly earnings results on Thursday, July 17th. The bank reported $0.47 earnings per share for the quarter, topping 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 company had revenue of $156.60 million during the quarter, compared to the consensus estimate of $156.41 million. During the same quarter in the prior year, the firm posted $0.37 EPS. On average, sell-side analysts expect that First Financial Bankshares, Inc. will post 1.78 earnings per share for the current year.

First Financial Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th were paid a $0.19 dividend. The ex-dividend date was Monday, September 15th. This represents a $0.76 annualized dividend and a dividend yield of 2.4%. First Financial Bankshares’s dividend payout ratio (DPR) is presently 44.19%.

Analysts Set New Price Targets

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

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.