BNP Paribas Financial Markets Has $4.49 Million Holdings in First Financial Bankshares, Inc. (NASDAQ:FFIN)

BNP Paribas Financial Markets lifted its stake in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) by 37.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 121,214 shares of the bank's stock after buying an additional 32,813 shares during the period. BNP Paribas Financial Markets owned about 0.08% of First Financial Bankshares worth $4,486,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Champlain Investment Partners LLC grew its stake in shares of First Financial Bankshares by 6.8% in the third quarter. Champlain Investment Partners LLC now owns 3,516,329 shares of the bank's stock worth $130,139,000 after purchasing an additional 223,640 shares during the last quarter. Strategic Financial Concepts LLC grew its stake in shares of First Financial Bankshares by 3,632.9% in the second quarter. Strategic Financial Concepts LLC now owns 2,992,894 shares of the bank's stock worth $884,000 after purchasing an additional 2,912,718 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of 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 last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of First Financial Bankshares by 3.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,701,180 shares of the bank's stock worth $62,961,000 after purchasing an additional 62,538 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of First Financial Bankshares by 1.1% in the second quarter. Bank of New York Mellon Corp now owns 1,375,856 shares of the bank's stock worth $40,629,000 after purchasing an additional 15,473 shares during the last quarter. 69.78% of the stock is currently owned by institutional investors and hedge funds.

First Financial Bankshares Price Performance

Shares of FFIN stock traded down $0.05 on Wednesday, reaching $40.80. 56,470 shares of the company were exchanged, compared to its average volume of 535,604. The company has a market cap of $5.83 billion, a price-to-earnings ratio of 28.13 and a beta of 0.81. The company has a 50-day moving average of $38.76 and a 200-day moving average of $35.10. First Financial Bankshares, Inc. has a one year low of $26.54 and a one year high of $44.66.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last released its quarterly earnings data on Thursday, October 17th. The bank reported $0.39 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.39. The company had revenue of $142.10 million for the quarter, compared to analysts' expectations of $140.25 million. First Financial Bankshares had a net margin of 28.76% and a return on equity of 13.43%. As a group, sell-side analysts predict that First Financial Bankshares, Inc. will post 1.52 EPS for the current year.

First Financial Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be given a dividend of $0.18 per share. The ex-dividend date is Friday, December 13th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.76%. First Financial Bankshares's dividend payout ratio (DPR) is presently 49.66%.

Insider Transactions at First Financial Bankshares

In related news, Director Michael B. Denny sold 7,000 shares of the company's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $41.12, for a total value of $287,840.00. Following the sale, the director now owns 101,085 shares in the company, valued at $4,156,615.20. This represents a 6.48 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 4.22% of the company's stock.

Analyst Ratings Changes

FFIN has been the topic of several analyst reports. Hovde Group boosted their price objective on shares of First Financial Bankshares from $34.50 to $40.00 and gave the stock a "market perform" rating in a research note on Monday, October 21st. Stephens upped their price target on shares of First Financial Bankshares from $37.00 to $40.00 and gave the company an "equal weight" rating in a research report on Friday, October 18th. Truist Financial upped their price target on shares of First Financial Bankshares from $39.00 to $40.00 and gave the company a "hold" rating in a research report on Friday, September 20th. Finally, Keefe, Bruyette & Woods upped their price target on shares of First Financial Bankshares from $36.00 to $40.00 and gave the company a "market perform" rating in a research report on Wednesday.

About First Financial Bankshares

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.