Canada Pension Plan Investment Board Invests $887,000 in First Financial Bankshares, Inc. (NASDAQ:FFIN)

Canada Pension Plan Investment Board acquired a new stake in First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 24,600 shares of the bank's stock, valued at approximately $887,000.

Several other large investors have also recently added to or reduced their stakes in FFIN. Federated Hermes Inc. grew its stake in shares of First Financial Bankshares by 2.3% in the fourth quarter. Federated Hermes Inc. now owns 13,313 shares of the bank's stock valued at $480,000 after acquiring an additional 295 shares in the last quarter. Arizona State Retirement System boosted its holdings in First Financial Bankshares by 0.9% in the 4th quarter. Arizona State Retirement System now owns 35,263 shares of the bank's stock valued at $1,271,000 after purchasing an additional 302 shares during the period. Kingsview Wealth Management LLC grew its position in shares of First Financial Bankshares by 1.2% during the 4th quarter. Kingsview Wealth Management LLC now owns 26,649 shares of the bank's stock worth $961,000 after purchasing an additional 312 shares in the last quarter. US Bancorp DE increased its holdings in shares of First Financial Bankshares by 7.4% during the fourth quarter. US Bancorp DE now owns 5,396 shares of the bank's stock worth $195,000 after purchasing an additional 370 shares during the period. Finally, Pacer Advisors Inc. raised its position in shares of First Financial Bankshares by 2.3% in the fourth quarter. Pacer Advisors Inc. now owns 19,170 shares of the bank's stock valued at $691,000 after buying an additional 432 shares in the last quarter. Institutional investors own 69.78% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on FFIN shares. Hovde Group cut their target price on First Financial Bankshares from $40.00 to $38.00 and set a "market perform" rating for the company in a research report on Monday, April 21st. Keefe, Bruyette & Woods reduced their target price on First Financial Bankshares from $38.00 to $36.00 and set a "market perform" rating on the stock in a report on Monday, April 21st.

Insider Activity at First Financial Bankshares

In other First Financial Bankshares news, Director Johnny Trotter purchased 6,000 shares of the firm's stock in a transaction on Wednesday, March 12th. The stock was purchased at an average cost of $35.12 per share, for a total transaction of $210,720.00. Following the transaction, the director now owns 949,371 shares in the company, valued at $33,341,909.52. The trade was a 0.64 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders acquired a total of 7,041 shares of company stock worth $247,992 in the last quarter. 4.22% of the stock is owned by insiders.

First Financial Bankshares Stock Up 0.9 %

Shares of NASDAQ:FFIN traded up $0.32 during trading on Tuesday, hitting $33.81. 146,899 shares of the company were exchanged, compared to its average volume of 542,088. First Financial Bankshares, Inc. has a 1-year low of $27.62 and a 1-year high of $44.66. The company has a market capitalization of $4.83 billion, a P/E ratio of 21.67 and a beta of 0.82. The business's 50 day moving average is $34.81 and its 200-day moving average is $37.13.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last issued its earnings results on Thursday, April 17th. The bank reported $0.43 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.43. First Financial Bankshares had a return on equity of 14.24% and a net margin of 29.69%. The business had revenue of $149.02 million during the quarter, compared to analysts' expectations of $149.48 million. As a group, sell-side analysts anticipate that First Financial Bankshares, Inc. will post 1.78 earnings per share for the current year.

First Financial Bankshares 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.