Vista Finance LLC Makes New Investment in First Financial Bankshares, Inc. (NASDAQ:FFIN)

Vista Finance LLC purchased a new stake in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 20,991 shares of the bank's stock, valued at approximately $777,000. First Financial Bankshares comprises about 1.1% of Vista Finance LLC's holdings, making the stock its 17th largest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Signaturefd LLC grew its stake in First Financial Bankshares by 5.0% in the 2nd quarter. Signaturefd LLC now owns 5,637 shares of the bank's stock valued at $166,000 after buying an additional 270 shares in the last quarter. Crewe Advisors LLC grew its position in shares of First Financial Bankshares by 6.0% in the second quarter. Crewe Advisors LLC now owns 5,265 shares of the bank's stock valued at $155,000 after purchasing an additional 296 shares in the last quarter. Ballentine Partners LLC raised its stake in shares of First Financial Bankshares by 2.8% during the 3rd quarter. Ballentine Partners LLC now owns 12,190 shares of the bank's stock valued at $451,000 after purchasing an additional 333 shares during the period. Hexagon Capital Partners LLC lifted its holdings in First Financial Bankshares by 81.1% during the 1st quarter. Hexagon Capital Partners LLC now owns 927 shares of the bank's stock worth $30,000 after purchasing an additional 415 shares in the last quarter. Finally, Retirement Systems of Alabama boosted its stake in First Financial Bankshares by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 161,287 shares of the bank's stock worth $5,292,000 after purchasing an additional 426 shares during the period. Institutional investors own 69.78% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on FFIN shares. Hovde Group upped their price target on 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 upped their target price on shares of First Financial Bankshares from $37.00 to $40.00 and gave the stock an "equal weight" rating in a report on Friday, October 18th. Finally, Truist Financial raised their price target 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.

First Financial Bankshares Trading Down 1.1 %

Shares of FFIN traded down $0.42 during trading hours on Tuesday, reaching $36.39. 389,444 shares of the company's stock traded hands, compared to its average volume of 539,404. First Financial Bankshares, Inc. has a 12 month low of $23.69 and a 12 month high of $39.53. The stock has a market cap of $5.20 billion, a PE ratio of 25.99 and a beta of 0.78. The firm's 50 day simple moving average is $36.69 and its 200-day simple moving average is $33.30.

First Financial Bankshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 13th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date is Friday, December 13th. First Financial Bankshares's payout ratio is 51.43%.

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.