Emerald Advisers LLC Buys Shares of 222,507 First Financial Bankshares, Inc. (NASDAQ:FFIN)

Emerald Advisers LLC purchased a new stake in First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 222,507 shares of the bank's stock, valued at approximately $8,235,000. Emerald Advisers LLC owned 0.16% of First Financial Bankshares as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Olistico Wealth LLC acquired a new position in shares of First Financial Bankshares in the second quarter valued at approximately $29,000. Neo Ivy Capital Management acquired a new position in First Financial Bankshares in the 2nd quarter valued at $41,000. Quarry LP purchased a new position in First Financial Bankshares during the 2nd quarter worth $83,000. Point72 DIFC Ltd acquired a new stake in shares of First Financial Bankshares in the 2nd quarter worth $97,000. Finally, Point72 Asset Management L.P. purchased a new stake in shares of First Financial Bankshares in the second quarter valued at about $118,000. 69.78% of the stock is owned by hedge funds and other institutional investors.

First Financial Bankshares Stock Up 0.9 %

Shares of FFIN stock traded up $0.31 on Friday, reaching $36.45. 545,881 shares of the stock were exchanged, compared to its average volume of 390,850. The stock has a market cap of $5.21 billion, a P/E ratio of 25.14 and a beta of 0.78. The firm has a 50 day moving average of $36.73 and a two-hundred day moving average of $33.46. First Financial Bankshares, Inc. has a 1-year low of $24.22 and a 1-year high of $39.53.

First Financial Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 13th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.98%. The ex-dividend date is Thursday, December 12th. First Financial Bankshares's dividend payout ratio (DPR) is presently 49.66%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Truist Financial raised their price target on First Financial Bankshares from $39.00 to $40.00 and gave the company a "hold" rating in a report on Friday, September 20th. Stephens raised their target price on First Financial Bankshares from $37.00 to $40.00 and gave the company an "equal weight" rating in a report on Friday, October 18th. Finally, Hovde Group boosted their target price on shares of First Financial Bankshares from $34.50 to $40.00 and gave the stock a "market perform" rating in a research report on Monday, October 21st.

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.