First Financial Bankshares, Inc. $FFIN Shares Bought by Bessemer Group Inc.

Bessemer Group Inc. grew its stake in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 5.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,963 shares of the bank’s stock after purchasing an additional 2,414 shares during the quarter. Bessemer Group Inc.’s holdings in First Financial Bankshares were worth $1,762,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Ballentine Partners LLC lifted its stake in First Financial Bankshares by 2.2% in the 2nd quarter. Ballentine Partners LLC now owns 13,358 shares of the bank’s stock valued at $481,000 after buying an additional 293 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in First Financial Bankshares by 0.8% during the 1st quarter. Louisiana State Employees Retirement System now owns 36,000 shares of the bank’s stock worth $1,293,000 after buying an additional 300 shares in the last quarter. State of Michigan Retirement System raised its holdings in shares of First Financial Bankshares by 1.0% during the first quarter. State of Michigan Retirement System now owns 30,763 shares of the bank’s stock valued at $1,105,000 after acquiring an additional 300 shares during the last quarter. KBC Group NV lifted its position in shares of First Financial Bankshares by 6.8% in the first quarter. KBC Group NV now owns 5,792 shares of the bank’s stock valued at $208,000 after acquiring an additional 370 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in shares of First Financial Bankshares by 47.5% in the first quarter. Smartleaf Asset Management LLC now owns 1,255 shares of the bank’s stock valued at $45,000 after acquiring an additional 404 shares in the last quarter. Hedge funds and other institutional investors own 69.78% of the company’s stock.

Insider Transactions at First Financial Bankshares

In other news, CFO Michelle S. Hickox bought 2,000 shares of First Financial Bankshares stock in a transaction on Tuesday, October 28th. The shares were bought at an average cost of $31.15 per share, with a total value of $62,300.00. Following the completion of the purchase, the chief financial officer directly owned 24,461 shares of the company’s stock, valued at approximately $761,960.15. This trade represents a 8.90% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 4.22% of the company’s stock.

First Financial Bankshares Stock Performance

NASDAQ FFIN opened at $30.70 on Friday. The stock’s fifty day moving average is $34.35 and its two-hundred day moving average is $35.01. The firm has a market capitalization of $4.39 billion, a P/E ratio of 18.17 and a beta of 0.86. First Financial Bankshares, Inc. has a fifty-two week low of $30.50 and a fifty-two week high of $44.66.

First Financial Bankshares (NASDAQ:FFIN) last issued its earnings results on Thursday, October 23rd. The bank reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.11). The company had revenue of $162.06 million during the quarter, compared to analyst estimates of $161.21 million. First Financial Bankshares had a return on equity of 14.16% and a net margin of 29.81%.The firm’s revenue was up 15.6% compared to the same quarter last year. During the same period last year, the business earned $0.37 earnings per share. As a group, sell-side analysts forecast that First Financial Bankshares, Inc. will post 1.78 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.