First Financial Bankshares, Inc. (NASDAQ:FFIN) Shares Purchased by Bridge City Capital LLC

Bridge City Capital LLC lifted its holdings in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 12.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,145 shares of the bank’s stock after acquiring an additional 8,481 shares during the period. Bridge City Capital LLC owned approximately 0.05% of First Financial Bankshares worth $2,198,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in FFIN. Captrust Financial Advisors grew its position in First Financial Bankshares by 3.9% in the fourth quarter. Captrust Financial Advisors now owns 8,691 shares of the bank’s stock valued at $299,000 after acquiring an additional 328 shares in the last quarter. Covestor Ltd grew its holdings in First Financial Bankshares by 11.3% during the 2nd quarter. Covestor Ltd now owns 3,228 shares of the bank’s stock valued at $92,000 after purchasing an additional 329 shares in the last quarter. Smart Money Group LLC grew its stake in shares of First Financial Bankshares by 0.4% during the second quarter. Smart Money Group LLC now owns 103,487 shares of the bank’s stock valued at $2,948,000 after acquiring an additional 366 shares in the last quarter. Creative Planning grew its stake in First Financial Bankshares by 4.9% during the 2nd quarter. Creative Planning now owns 8,114 shares of the bank’s stock valued at $319,000 after purchasing an additional 380 shares in the last quarter. Finally, CWM LLC grew its stake in First Financial Bankshares by 1.4% during the 1st quarter. CWM LLC now owns 28,488 shares of the bank’s stock valued at $909,000 after purchasing an additional 385 shares in the last quarter. 54.14% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Johnny Trotter acquired 2,500 shares of the firm’s stock in a transaction dated Monday, August 21st. The stock was acquired at an average cost of $29.04 per share, for a total transaction of $72,600.00. Following the completion of the acquisition, the director now directly owns 927,576 shares of the company’s stock, valued at approximately $26,936,807.04. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other First Financial Bankshares news, Director April Kaye Bullock Anthony purchased 5,000 shares of the company’s stock in a transaction on Wednesday, October 25th. The shares were purchased at an average cost of $22.90 per share, for a total transaction of $114,500.00. Following the completion of the transaction, the director now owns 93,146 shares in the company, valued at $2,133,043.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Johnny Trotter purchased 2,500 shares of the business’s stock in a transaction on Monday, August 21st. The stock was acquired at an average cost of $29.04 per share, with a total value of $72,600.00. Following the completion of the acquisition, the director now directly owns 927,576 shares in the company, valued at approximately $26,936,807.04. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 8,937 shares of company stock worth $226,731. 4.11% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

FFIN has been the subject of a number of recent analyst reports. StockNews.com assumed coverage on shares of First Financial Bankshares in a research report on Thursday, October 5th. They set a “sell” rating for the company. Stephens decreased their price objective on shares of First Financial Bankshares from $28.00 to $26.00 and set an “equal weight” rating for the company in a report on Friday, October 20th. Finally, Truist Financial decreased their target price on First Financial Bankshares from $33.00 to $27.00 and set a “hold” rating for the company in a research report on Wednesday, September 27th.

First Financial Bankshares Stock Performance

Shares of FFIN traded up $0.41 during midday trading on Friday, hitting $27.29. 576,364 shares of the stock traded hands, compared to its average volume of 566,585. First Financial Bankshares, Inc. has a 1-year low of $22.84 and a 1-year high of $38.24. The firm has a market capitalization of $3.89 billion, a PE ratio of 18.32 and a beta of 0.81. The business’s 50 day moving average price is $25.12 and its two-hundred day moving average price is $27.62.

First Financial Bankshares (NASDAQ:FFIN) last posted its earnings results on Thursday, October 19th. The bank reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). The firm had revenue of $125.04 million for the quarter, compared to analyst estimates of $128.70 million. First Financial Bankshares had a net margin of 34.05% and a return on equity of 16.14%. As a group, equities research analysts forecast that First Financial Bankshares, Inc. will post 1.4 EPS for the current fiscal year.

First Financial Bankshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th will be given a dividend of $0.18 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.72 annualized dividend and a dividend yield of 2.64%. First Financial Bankshares’s dividend payout ratio is presently 48.32%.

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.