Helen Stephens Group LLC Invests $1.42 Million in First Financial Bankshares, Inc. (NASDAQ:FFIN)

Helen Stephens Group LLC acquired a new stake in First Financial Bankshares, Inc. (NASDAQ:FFIN) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 38,444 shares of the bank’s stock, valued at approximately $1,423,000.

Several other hedge funds have also added to or reduced their stakes in the business. First Financial Bankshares Inc bought a new position in First Financial Bankshares during the 4th quarter worth approximately $553,577,000. Vanguard Group Inc. boosted its position in First Financial Bankshares by 3.4% during the first quarter. Vanguard Group Inc. now owns 14,956,322 shares of the bank’s stock valued at $490,717,000 after acquiring an additional 490,770 shares during the last quarter. Champlain Investment Partners LLC grew its holdings in First Financial Bankshares by 27.6% during the 1st quarter. Champlain Investment Partners LLC now owns 3,334,349 shares of the bank’s stock worth $109,400,000 after acquiring an additional 720,820 shares during the period. Strategic Financial Concepts LLC lifted its stake in shares of First Financial Bankshares by 3,632.9% in the 2nd quarter. Strategic Financial Concepts LLC now owns 2,992,894 shares of the bank’s stock valued at $884,000 after purchasing an additional 2,912,718 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in First Financial Bankshares by 5.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,556,205 shares of the bank’s stock worth $75,482,000 after purchasing an additional 130,361 shares during the period. 69.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FFIN has been the topic of a number of research analyst reports. Truist Financial increased their price objective on shares of First Financial Bankshares from $39.00 to $40.00 and gave the stock a “hold” rating in a research report on Friday, September 20th. Stephens increased their price target on First Financial Bankshares from $31.00 to $36.00 and gave the stock an “equal weight” rating in a report on Friday, July 19th.

First Financial Bankshares Trading Down 0.8 %

Shares of First Financial Bankshares stock opened at $35.68 on Wednesday. First Financial Bankshares, Inc. has a 12 month low of $22.84 and a 12 month high of $39.53. The firm has a market capitalization of $5.10 billion, a P/E ratio of 25.49 and a beta of 0.78. The business’s fifty day simple moving average is $36.14 and its 200 day simple moving average is $32.65.

First Financial Bankshares (NASDAQ:FFIN) last released its earnings results on Thursday, July 18th. The bank reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The business had revenue of $184.94 million during the quarter, compared to the consensus estimate of $134.10 million. First Financial Bankshares had a return on equity of 14.01% and a net margin of 29.13%. Analysts predict that First Financial Bankshares, Inc. will post 1.52 EPS for the current fiscal year.

First Financial Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Thursday, September 12th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend was Thursday, September 12th. First Financial Bankshares’s dividend payout ratio (DPR) is presently 51.43%.

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.