First Financial Bankshares, Inc. (NASDAQ:FFIN) Shares Purchased by Crewe Advisors LLC

Crewe Advisors LLC lifted its stake in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) by 6.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,265 shares of the bank’s stock after purchasing an additional 296 shares during the period. Crewe Advisors LLC’s holdings in First Financial Bankshares were worth $155,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. First Financial Bankshares Inc purchased a new stake in First Financial Bankshares during the 4th quarter worth about $553,577,000. Vanguard Group Inc. increased its position in shares of First Financial Bankshares by 3.4% during the first quarter. Vanguard Group Inc. now owns 14,956,322 shares of the bank’s stock worth $490,717,000 after purchasing an additional 490,770 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of First Financial Bankshares in the 4th quarter valued at about $2,965,000. SG Americas Securities LLC grew its stake in First Financial Bankshares by 480.0% during the 2nd quarter. SG Americas Securities LLC now owns 39,602 shares of the bank’s stock worth $1,169,000 after buying an additional 32,774 shares during the last quarter. Finally, Rafferty Asset Management LLC boosted its holdings in shares of First Financial Bankshares by 105.3% in the fourth quarter. Rafferty Asset Management LLC now owns 146,235 shares of the bank’s stock valued at $4,431,000 after acquiring an additional 74,996 shares during the period. 69.78% of the stock is currently owned by hedge funds and other institutional investors.

First Financial Bankshares Trading Up 0.8 %

NASDAQ:FFIN traded up $0.28 during mid-day trading on Friday, hitting $36.57. The company had a trading volume of 536,858 shares, compared to its average volume of 562,087. The firm has a market capitalization of $5.22 billion, a price-to-earnings ratio of 26.12 and a beta of 0.79. First Financial Bankshares, Inc. has a 1 year low of $22.84 and a 1 year high of $39.53. The business has a fifty day simple moving average of $33.87 and a 200-day simple moving average of $31.67.

First Financial Bankshares (NASDAQ:FFIN) last announced its quarterly earnings data on Thursday, July 18th. The bank reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.01. The firm had revenue of $184.94 million for the quarter, compared to analysts’ expectations of $134.10 million. First Financial Bankshares had a return on equity of 14.01% and a net margin of 29.13%. As a group, research analysts anticipate that First Financial Bankshares, Inc. will post 1.51 earnings per share for the current year.

First Financial Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Thursday, September 12th will be issued a $0.18 dividend. The ex-dividend date is Thursday, September 12th. This represents a $0.72 annualized dividend and a dividend yield of 1.97%. First Financial Bankshares’s dividend payout ratio is currently 51.43%.

Wall Street Analyst Weigh In

A number of brokerages have commented on FFIN. Truist Financial upped their price objective on shares of First Financial Bankshares from $31.00 to $39.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Stephens upped their price target on shares of First Financial Bankshares from $31.00 to $36.00 and gave the company an “equal weight” rating in a report on Friday, July 19th.

Insider Buying and Selling

In other news, Director Sally Pope Davis bought 1,800 shares of the stock in a transaction on Thursday, June 6th. The shares were purchased at an average price of $28.75 per share, for a total transaction of $51,750.00. Following the completion of the purchase, the director now directly owns 1,800 shares of the company’s stock, valued at approximately $51,750. The purchase was disclosed in a filing with the SEC, which is available through this link. In other news, Director Johnny Trotter bought 1,000 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was bought at an average price of $27.79 per share, for a total transaction of $27,790.00. Following the completion of the purchase, the director now owns 943,371 shares of the company’s stock, valued at approximately $26,216,280.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sally Pope Davis acquired 1,800 shares of the stock in a transaction on Thursday, June 6th. The stock was bought at an average price of $28.75 per share, with a total value of $51,750.00. Following the transaction, the director now directly owns 1,800 shares in the company, valued at approximately $51,750. The disclosure for this purchase can be found here. 4.22% of the stock is currently owned by company insiders.

First Financial Bankshares Company 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.