Raymond James & Associates Has $1.85 Million Stock Holdings in First Financial Bankshares, Inc. (NASDAQ:FFIN)

Raymond James & Associates lifted its holdings in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN – Get Rating) by 47.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 44,186 shares of the bank’s stock after buying an additional 14,173 shares during the period. Raymond James & Associates’ holdings in First Financial Bankshares were worth $1,848,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Willis Johnson & Associates Inc. boosted its holdings in First Financial Bankshares by 0.3% in the third quarter. Willis Johnson & Associates Inc. now owns 70,716 shares of the bank’s stock worth $2,958,000 after purchasing an additional 244 shares in the last quarter. Ronald Blue Trust Inc. increased its holdings in shares of First Financial Bankshares by 3.1% during the 3rd quarter. Ronald Blue Trust Inc. now owns 10,416 shares of the bank’s stock valued at $409,000 after acquiring an additional 316 shares during the last quarter. Creative Planning raised its stake in shares of First Financial Bankshares by 4.9% in the 2nd quarter. Creative Planning now owns 8,114 shares of the bank’s stock valued at $319,000 after acquiring an additional 380 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in First Financial Bankshares by 2.2% in the 2nd quarter. State of Alaska Department of Revenue now owns 18,442 shares of the bank’s stock worth $724,000 after purchasing an additional 395 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its position in First Financial Bankshares by 115.4% during the second quarter. Quadrant Capital Group LLC now owns 754 shares of the bank’s stock worth $30,000 after purchasing an additional 404 shares during the period. Institutional investors own 53.86% of the company’s stock.

First Financial Bankshares Stock Up 2.6 %

Shares of NASDAQ:FFIN opened at $35.29 on Tuesday. The business has a 50 day moving average price of $35.12 and a 200 day moving average price of $39.68. The company has a market cap of $5.03 billion, a price-to-earnings ratio of 21.65 and a beta of 0.75. First Financial Bankshares, Inc. has a twelve month low of $32.53 and a twelve month high of $50.43.

First Financial Bankshares (NASDAQ:FFIN – Get Rating) last posted its quarterly earnings data on Thursday, January 19th. The bank reported $0.41 earnings per share for the quarter, meeting the consensus estimate of $0.41. First Financial Bankshares had a return on equity of 17.81% and a net margin of 41.53%. The company had revenue of $132.56 million during the quarter, compared to analysts’ expectations of $136.32 million. During the same period in the prior year, the business earned $0.39 earnings per share. First Financial Bankshares’s revenue for the quarter was up 2.2% compared to the same quarter last year. Analysts anticipate that First Financial Bankshares, Inc. will post 1.68 EPS for the current year.

Wall Street Analysts Forecast Growth

FFIN has been the topic of a number of recent analyst reports. Truist Financial dropped their price target on shares of First Financial Bankshares from $42.00 to $38.00 in a research report on Friday, December 9th. StockNews.com downgraded shares of First Financial Bankshares from a “hold” rating to a “sell” rating in a report on Monday, December 12th.

Insiders Place Their Bets

In related news, CEO F Scott Dueser bought 1,000 shares of First Financial Bankshares stock in a transaction that occurred on Wednesday, October 26th. The stock was acquired at an average price of $37.59 per share, for a total transaction of $37,590.00. Following the completion of the purchase, the chief executive officer now owns 940,814 shares in the company, valued at $35,365,198.26. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.19% of the company’s stock.

First Financial Bankshares Company Profile

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First Financial Bankshares, Inc is a bank holding company, which engages in the provision of financial and community banking services. It offers mortgage loans, savings and checking accounts, auto and equity loans, online and mobile banking, investment and trust management, and retirement plans. The company was founded in 1956 and is headquartered in Abilene, TX.