First Financial Bankshares, Inc. (NASDAQ:FFIN) Shares Sold by First Financial Bankshares Inc

First Financial Bankshares Inc decreased its position in First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) by 1.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,827,863 shares of the bank's stock after selling 311,092 shares during the period. First Financial Bankshares makes up about 13.9% of First Financial Bankshares Inc's portfolio, making the stock its biggest holding. First Financial Bankshares Inc owned about 12.48% of First Financial Bankshares worth $659,809,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Strategic Financial Concepts LLC raised 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. Champlain Investment Partners LLC raised its position in First Financial Bankshares by 27.6% during the 1st quarter. Champlain Investment Partners LLC now owns 3,334,349 shares of the bank's stock worth $109,400,000 after buying an additional 720,820 shares during the last quarter. Vanguard Group Inc. raised its position 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 worth $490,717,000 after buying an additional 490,770 shares during the last quarter. Cubist Systematic Strategies LLC lifted its stake in First Financial Bankshares by 10,296.3% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 189,732 shares of the bank's stock valued at $5,603,000 after acquiring an additional 187,907 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of First Financial Bankshares by 5.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,556,205 shares of the bank's stock valued at $75,482,000 after acquiring an additional 130,361 shares during the last quarter. Institutional investors and hedge funds own 69.78% of the company's stock.

First Financial Bankshares Price Performance

FFIN stock traded down $0.75 during midday trading on Friday, hitting $36.13. 357,693 shares of the stock traded hands, compared to its average volume of 377,064. First Financial Bankshares, Inc. has a 1-year low of $23.35 and a 1-year high of $39.53. The stock's fifty day simple moving average is $36.64 and its 200-day simple moving average is $33.18. The firm has a market cap of $5.16 billion, a P/E ratio of 25.81 and a beta of 0.78.

Analyst Upgrades and Downgrades

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

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.