CFM Wealth Partners LLC Acquires 16,194 Shares of First Financial Bankshares, Inc. (NASDAQ:FFIN)

CFM Wealth Partners LLC lifted its stake in First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) by 9.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 190,943 shares of the bank's stock after acquiring an additional 16,194 shares during the quarter. First Financial Bankshares accounts for about 1.5% of CFM Wealth Partners LLC's investment portfolio, making the stock its 17th largest holding. CFM Wealth Partners LLC owned 0.13% of First Financial Bankshares worth $7,067,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Olistico Wealth LLC purchased a new stake in First Financial Bankshares during the second quarter valued at $29,000. Hexagon Capital Partners LLC grew its stake in shares of First Financial Bankshares by 81.1% during the 1st quarter. Hexagon Capital Partners LLC now owns 927 shares of the bank's stock valued at $30,000 after purchasing an additional 415 shares during the period. Neo Ivy Capital Management purchased a new stake in shares of First Financial Bankshares during the 2nd quarter valued at about $41,000. Quarry LP bought a new position in shares of First Financial Bankshares in the 2nd quarter worth approximately $83,000. Finally, Point72 DIFC Ltd purchased a new position in shares of First Financial Bankshares in the second quarter worth approximately $97,000. 69.78% of the stock is owned by hedge funds and other institutional investors.

First Financial Bankshares Stock Performance

Shares of First Financial Bankshares stock traded up $0.66 during trading hours on Wednesday, hitting $38.75. The company's stock had a trading volume of 508,438 shares, compared to its average volume of 544,956. The company has a market cap of $5.54 billion, a PE ratio of 27.68 and a beta of 0.78. The business has a 50 day moving average price of $36.29 and a two-hundred day moving average price of $32.90. First Financial Bankshares, Inc. has a 12-month low of $22.84 and a 12-month high of $39.53.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last announced its quarterly earnings results on Thursday, July 18th. The bank reported $0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.36 by $0.01. First Financial Bankshares had a net margin of 29.13% and a return on equity of 14.01%. The company had revenue of $184.94 million for the quarter, compared to the consensus estimate of $134.10 million. As a group, research analysts anticipate that First Financial Bankshares, Inc. will post 1.52 earnings per share for the current year.

First Financial Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Thursday, September 12th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend was Thursday, September 12th. First Financial Bankshares's payout ratio is presently 51.43%.

Analyst Ratings Changes

FFIN has been the subject of a number of research reports. Truist Financial upped their target price on shares of First Financial Bankshares from $39.00 to $40.00 and gave the company a "hold" rating in a report on Friday, September 20th. Stephens upped their price objective on 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.

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.