Ellis Investment Partners LLC purchased a new position in First Financial Bankshares Inc (NASDAQ:FFIN) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 117,177 shares of the bank’s stock, valued at approximately $117,000.
A number of other large investors have also recently made changes to their positions in FFIN. Oregon Public Employees Retirement Fund bought a new position in First Financial Bankshares in the fourth quarter worth approximately $26,000. Norges Bank bought a new position in First Financial Bankshares in the fourth quarter worth approximately $16,753,000. Vanguard Group Inc lifted its holdings in shares of First Financial Bankshares by 2.1% in the third quarter. Vanguard Group Inc now owns 6,569,285 shares of the bank’s stock valued at $388,245,000 after purchasing an additional 138,088 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of First Financial Bankshares by 2.1% in the third quarter. Vanguard Group Inc. now owns 6,569,285 shares of the bank’s stock valued at $388,245,000 after purchasing an additional 138,088 shares in the last quarter. Finally, Retirement Systems of Alabama bought a new position in shares of First Financial Bankshares in the first quarter valued at approximately $5,144,000. Institutional investors and hedge funds own 54.98% of the company’s stock.
A number of research analysts have recently weighed in on FFIN shares. Zacks Investment Research lowered First Financial Bankshares from a “buy” rating to a “hold” rating in a report on Wednesday. BidaskClub upgraded First Financial Bankshares from a “sell” rating to a “hold” rating in a report on Tuesday, April 9th. Finally, Stephens set a $57.00 target price on First Financial Bankshares and gave the company a “hold” rating in a report on Friday, January 25th.
FFIN stock opened at $61.99 on Friday. First Financial Bankshares Inc has a twelve month low of $49.05 and a twelve month high of $66.83. The company has a market capitalization of $4.20 billion, a PE ratio of 28.44 and a beta of 1.14.
First Financial Bankshares (NASDAQ:FFIN) last posted its earnings results on Thursday, April 18th. The bank reported $0.56 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.56. First Financial Bankshares had a return on equity of 15.03% and a net margin of 38.47%. The company had revenue of $95.77 million for the quarter, compared to analyst estimates of $96.90 million. During the same quarter last year, the company earned $0.51 earnings per share. On average, sell-side analysts forecast that First Financial Bankshares Inc will post 2.38 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 17th will be issued a $0.12 dividend. The ex-dividend date is Friday, June 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.77%. First Financial Bankshares’s dividend payout ratio is presently 38.53%.
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First Financial Bankshares Profile
First Financial Bankshares, Inc, through its subsidiaries, provides commercial banking products and services primarily in Texas. The company accepts checking, savings, and time deposits; and offers real estate, commercial, agricultural, and consumer loans to businesses, professionals, individuals, and farm and ranch operations.
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