Mutual Advisors LLC Purchases 1,485 Shares of First Financial Bankshares, Inc. $FFIN

Mutual Advisors LLC boosted its position in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 5.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,828 shares of the bank’s stock after purchasing an additional 1,485 shares during the quarter. Mutual Advisors LLC’s holdings in First Financial Bankshares were worth $1,014,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Fifth Third Bancorp boosted its stake in First Financial Bankshares by 161.5% in the 1st quarter. Fifth Third Bancorp now owns 714 shares of the bank’s stock valued at $26,000 after purchasing an additional 441 shares during the period. Investment Research & Advisory Group Inc. bought a new stake in First Financial Bankshares in the 1st quarter valued at $26,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in First Financial Bankshares in the 1st quarter valued at $36,000. Smartleaf Asset Management LLC boosted its stake in First Financial Bankshares by 47.5% in the 1st quarter. Smartleaf Asset Management LLC now owns 1,255 shares of the bank’s stock valued at $45,000 after purchasing an additional 404 shares during the period. Finally, Quarry LP boosted its stake in First Financial Bankshares by 336.9% in the 1st quarter. Quarry LP now owns 1,573 shares of the bank’s stock valued at $57,000 after purchasing an additional 1,213 shares during the period. 69.78% of the stock is currently owned by institutional investors.

First Financial Bankshares Stock Performance

First Financial Bankshares stock opened at $31.53 on Friday. First Financial Bankshares, Inc. has a 52 week low of $30.58 and a 52 week high of $44.66. The stock has a market capitalization of $4.51 billion, a P/E ratio of 18.33 and a beta of 0.86. The stock has a fifty day moving average of $35.07 and a 200-day moving average of $35.06.

First Financial Bankshares (NASDAQ:FFIN) last posted its quarterly earnings results on Thursday, July 17th. The bank reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.02. First Financial Bankshares had a return on equity of 14.69% and a net margin of 31.01%.The company had revenue of $156.60 million during the quarter, compared to analysts’ expectations of $156.41 million. During the same quarter in the previous year, the firm earned $0.37 EPS. On average, research analysts forecast that First Financial Bankshares, Inc. will post 1.78 earnings per share for the current year.

First Financial Bankshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Monday, September 15th. First Financial Bankshares’s dividend payout ratio is presently 44.19%.

Analyst Ratings Changes

FFIN has been the subject of a number of recent analyst 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 upped their target price on First Financial Bankshares from $38.00 to $39.00 and gave the company a “market perform” rating in a research report on Monday, July 21st. Cantor Fitzgerald initiated coverage on First Financial Bankshares in a research report on Wednesday, September 10th. They set a “neutral” rating and a $39.00 target price for the company. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of First Financial Bankshares in a research report on Tuesday. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $38.67.

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.