38,444 Shares in First Financial Bankshares, Inc. (NASDAQ:FFIN) Bought by Helen Stephens Group LLC

Helen Stephens Group LLC acquired a new stake in First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 38,444 shares of the bank's stock, valued at approximately $1,423,000.

A number of other large investors also recently bought and sold shares of the stock. Diversified Trust Co grew its stake in shares of First Financial Bankshares by 17.6% in the third quarter. Diversified Trust Co now owns 34,463 shares of the bank's stock valued at $1,275,000 after buying an additional 5,166 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in shares of First Financial Bankshares during the second quarter worth about $97,000. Point72 Asia Singapore Pte. Ltd. boosted its stake in shares of First Financial Bankshares by 20.0% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 7,978 shares of the bank's stock valued at $236,000 after purchasing an additional 1,332 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of First Financial Bankshares in the second quarter valued at approximately $3,424,000. Finally, Point72 Asset Management L.P. purchased a new stake in First Financial Bankshares during the 2nd quarter worth approximately $118,000. Institutional investors and hedge funds own 69.78% of the company's stock.

First Financial Bankshares Stock Performance

Shares of NASDAQ:FFIN traded up $0.68 during trading hours on Wednesday, reaching $36.36. The stock had a trading volume of 296,755 shares, compared to its average volume of 548,512. The stock has a market capitalization of $5.19 billion, a price-to-earnings ratio of 25.49 and a beta of 0.78. The firm's 50 day moving average is $36.08 and its 200-day moving average is $32.68. First Financial Bankshares, Inc. has a 1 year low of $22.84 and a 1 year high of $39.53.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last posted its earnings results on Thursday, July 18th. The bank reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01. The firm had revenue of $184.94 million for the quarter, compared to analyst estimates of $134.10 million. First Financial Bankshares had a return on equity of 14.01% and a net margin of 29.13%. Analysts forecast that First Financial Bankshares, Inc. will post 1.52 EPS for the current year.

First Financial Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Thursday, September 12th were issued a dividend of $0.18 per share. The ex-dividend date was Thursday, September 12th. This represents a $0.72 dividend on an annualized basis and a yield of 1.98%. First Financial Bankshares's payout ratio is currently 51.43%.

Wall Street Analyst Weigh In

FFIN has been the subject of several research reports. Stephens boosted their price target on shares of First Financial Bankshares from $31.00 to $36.00 and gave the stock an "equal weight" rating in a research note on Friday, July 19th. Truist Financial lifted their target price on First Financial Bankshares from $39.00 to $40.00 and gave the company a "hold" rating in a report on Friday, September 20th.

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.