Barclays PLC Has $4.41 Million Position in First Financial Bankshares, Inc. (NASDAQ:FFIN)

Barclays PLC decreased its stake in shares of First Financial Bankshares, Inc. (NASDAQ:FFINFree Report) by 20.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 175,739 shares of the bank’s stock after selling 43,972 shares during the quarter. Barclays PLC’s holdings in First Financial Bankshares were worth $4,414,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in FFIN. Massmutual Trust Co. FSB ADV increased its holdings in shares of First Financial Bankshares by 356.3% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,241 shares of the bank’s stock worth $31,000 after purchasing an additional 969 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in First Financial Bankshares in the third quarter valued at about $40,000. Dark Forest Capital Management LP increased its stake in First Financial Bankshares by 200.9% in the first quarter. Dark Forest Capital Management LP now owns 2,022 shares of the bank’s stock valued at $65,000 after acquiring an additional 1,350 shares during the period. Signaturefd LLC increased its stake in First Financial Bankshares by 35.6% in the third quarter. Signaturefd LLC now owns 2,676 shares of the bank’s stock valued at $67,000 after acquiring an additional 703 shares during the period. Finally, Versant Capital Management Inc increased its stake in First Financial Bankshares by 985.5% in the third quarter. Versant Capital Management Inc now owns 3,289 shares of the bank’s stock valued at $83,000 after acquiring an additional 2,986 shares during the period. Institutional investors own 54.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on FFIN shares. Keefe, Bruyette & Woods upped their target price on shares of First Financial Bankshares from $30.00 to $31.00 and gave the company a “market perform” rating in a research note on Friday, January 26th. Stephens upped their target price on shares of First Financial Bankshares from $30.00 to $32.00 and gave the company an “equal weight” rating in a research note on Friday, January 26th. Finally, Truist Financial upped their target price on shares of First Financial Bankshares from $31.00 to $35.00 and gave the company a “hold” rating in a research note on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $31.00.

Check Out Our Latest Report on First Financial Bankshares

First Financial Bankshares Stock Up 1.5 %

NASDAQ:FFIN opened at $31.64 on Friday. The firm has a market cap of $4.52 billion, a PE ratio of 22.60 and a beta of 0.82. First Financial Bankshares, Inc. has a 12 month low of $22.84 and a 12 month high of $38.24. The company’s 50-day moving average price is $29.83 and its two-hundred day moving average price is $28.04.

First Financial Bankshares (NASDAQ:FFINGet Free Report) last released its quarterly earnings results on Thursday, January 25th. The bank reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). The firm had revenue of $119.49 million during the quarter, compared to analyst estimates of $125.09 million. First Financial Bankshares had a net margin of 31.28% and a return on equity of 15.00%. First Financial Bankshares’s quarterly revenue was down 9.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.41 earnings per share. On average, research analysts expect that First Financial Bankshares, Inc. will post 1.45 EPS for the current fiscal year.

First Financial Bankshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 15th will be given a dividend of $0.18 per share. The ex-dividend date is Thursday, March 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.28%. First Financial Bankshares’s payout ratio is 51.43%.

First Financial Bankshares Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for First Financial Bankshares (NASDAQ:FFIN)

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