First Financial Bankshares Inc Has $659.81 Million Stock Position in First Financial Bankshares, Inc. (NASDAQ:FFIN)

First Financial Bankshares Inc reduced its stake in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) by 1.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,827,863 shares of the bank’s stock after selling 311,092 shares during the quarter. First Financial Bankshares comprises about 13.9% of First Financial Bankshares Inc’s investment portfolio, making the stock its largest holding. First Financial Bankshares Inc owned 12.48% of First Financial Bankshares worth $659,809,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in First Financial Bankshares by 3.4% during the 1st quarter. Vanguard Group Inc. now owns 14,956,322 shares of the bank’s stock valued at $490,717,000 after purchasing an additional 490,770 shares in the last quarter. SG Americas Securities LLC grew its holdings in First Financial Bankshares by 480.0% during the second quarter. SG Americas Securities LLC now owns 39,602 shares of the bank’s stock worth $1,169,000 after acquiring an additional 32,774 shares during the period. Ontario Teachers Pension Plan Board bought a new stake in First Financial Bankshares in the first quarter worth about $1,100,000. Bridges Investment Management Inc. bought a new stake in First Financial Bankshares in the second quarter worth about $637,000. Finally, Bank of New York Mellon Corp lifted its holdings in First Financial Bankshares by 1.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,375,856 shares of the bank’s stock valued at $40,629,000 after acquiring an additional 15,473 shares during the last quarter. Institutional investors and hedge funds own 69.78% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Hovde Group boosted their target price on shares of First Financial Bankshares from $34.50 to $40.00 and gave the stock a “market perform” rating in a report on Monday, October 21st. Stephens upped their price target on First Financial Bankshares from $37.00 to $40.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. Finally, Truist Financial raised their price objective on First Financial Bankshares from $39.00 to $40.00 and gave the stock a “hold” rating in a research note on Friday, September 20th.

First Financial Bankshares Stock Down 2.0 %

Shares of FFIN stock traded down $0.75 during trading hours on Friday, reaching $36.13. 357,693 shares of the stock traded hands, compared to its average volume of 377,064. The firm has a market capitalization of $5.16 billion, a PE ratio of 24.92 and a beta of 0.78. First Financial Bankshares, Inc. has a 1-year low of $23.35 and a 1-year high of $39.53. The business has a fifty day moving average price of $36.64 and a 200 day moving average price of $33.18.

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.