Ameritas Investment Partners Inc. Has $1.36 Million Stake in First Financial Bankshares, Inc. (NASDAQ:FFIN)

Ameritas Investment Partners Inc. reduced its holdings in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) by 2.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 41,402 shares of the bank’s stock after selling 914 shares during the period. Ameritas Investment Partners Inc.’s holdings in First Financial Bankshares were worth $1,358,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Lindbrook Capital LLC boosted its position in shares of First Financial Bankshares by 134.8% during the 4th quarter. Lindbrook Capital LLC now owns 911 shares of the bank’s stock worth $28,000 after purchasing an additional 523 shares in the last quarter. Hexagon Capital Partners LLC boosted its position in shares of First Financial Bankshares by 81.1% during the 1st quarter. Hexagon Capital Partners LLC now owns 927 shares of the bank’s stock worth $30,000 after purchasing an additional 415 shares in the last quarter. SYSTM Wealth Solutions LLC boosted its position in shares of First Financial Bankshares by 17.4% during the 1st quarter. SYSTM Wealth Solutions LLC now owns 2,681 shares of the bank’s stock worth $88,000 after purchasing an additional 398 shares in the last quarter. Quadrant Capital Group LLC boosted its position in shares of First Financial Bankshares by 128.9% during the 4th quarter. Quadrant Capital Group LLC now owns 4,888 shares of the bank’s stock worth $148,000 after purchasing an additional 2,753 shares in the last quarter. Finally, Signaturefd LLC boosted its position in shares of First Financial Bankshares by 101.3% during the 4th quarter. Signaturefd LLC now owns 5,386 shares of the bank’s stock worth $163,000 after purchasing an additional 2,710 shares in the last quarter. 69.78% of the stock is currently owned by institutional investors and hedge funds.

First Financial Bankshares Stock Down 0.6 %

Shares of NASDAQ FFIN traded down $0.21 during mid-day trading on Wednesday, reaching $37.35. 335,467 shares of the company were exchanged, compared to its average volume of 560,536. The stock has a market capitalization of $5.34 billion, a PE ratio of 26.83 and a beta of 0.80. First Financial Bankshares, Inc. has a 52 week low of $22.84 and a 52 week high of $37.95. The company’s 50 day moving average price is $30.16 and its 200 day moving average price is $30.52.

First Financial Bankshares (NASDAQ:FFIN) last announced its quarterly earnings data on Thursday, July 18th. The bank reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The business had revenue of $184.94 million for the quarter, compared to analysts’ expectations of $134.10 million. First Financial Bankshares had a net margin of 29.13% and a return on equity of 14.01%. On average, sell-side analysts predict that First Financial Bankshares, Inc. will post 1.49 earnings per share for the current year.

Analysts Set New Price Targets

FFIN has been the topic of several recent analyst reports. Stephens lifted their target price on shares of First Financial Bankshares from $31.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Friday, July 19th. Truist Financial lifted their price objective on shares of First Financial Bankshares from $31.00 to $39.00 and gave the company a “hold” rating in a research note on Wednesday.

Insider Transactions at First Financial Bankshares

In other news, Director Johnny Trotter bought 1,000 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were purchased 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 in the company, valued at approximately $26,216,280.09. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other First Financial Bankshares news, Director Sally Pope Davis bought 1,800 shares of First Financial Bankshares stock in a transaction on Thursday, June 6th. The stock was acquired at an average cost of $28.75 per share, with a total value of $51,750.00. Following the completion of the acquisition, the director now owns 1,800 shares in the company, valued at $51,750. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Johnny Trotter bought 1,000 shares of First Financial Bankshares stock in a transaction on Friday, June 14th. The shares were acquired at an average cost of $27.79 per share, with a total value of $27,790.00. Following the completion of the acquisition, the director now owns 943,371 shares of the company’s stock, valued at approximately $26,216,280.09. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 6,743 shares of company stock worth $199,526. Corporate insiders own 4.22% of the company’s stock.

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.