First Financial Bankshares, Inc. (NASDAQ:FFIN) Shares Purchased by State of Alaska Department of Revenue

State of Alaska Department of Revenue boosted its position in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) by 7.3% during the third quarter, Holdings Channel reports. The firm owned 14,881 shares of the bank’s stock after buying an additional 1,010 shares during the quarter. State of Alaska Department of Revenue’s holdings in First Financial Bankshares were worth $550,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Ballentine Partners LLC boosted its position in shares of First Financial Bankshares by 2.8% in the 3rd quarter. Ballentine Partners LLC now owns 12,190 shares of the bank’s stock worth $451,000 after buying an additional 333 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in First Financial Bankshares by 5,346.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 7,897 shares of the bank’s stock worth $292,000 after acquiring an additional 7,752 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of First Financial Bankshares by 33.5% in the third quarter. Blue Trust Inc. now owns 36,123 shares of the bank’s stock valued at $1,337,000 after purchasing an additional 9,056 shares in the last quarter. Inspire Advisors LLC acquired a new stake in shares of First Financial Bankshares in the third quarter valued at approximately $229,000. Finally, CFM Wealth Partners LLC increased its stake in shares of First Financial Bankshares by 9.3% during the 3rd quarter. CFM Wealth Partners LLC now owns 190,943 shares of the bank’s stock worth $7,067,000 after purchasing an additional 16,194 shares in the last quarter. Institutional investors and hedge funds own 69.78% of the company’s stock.

First Financial Bankshares Stock Down 2.7 %

Shares of First Financial Bankshares stock opened at $40.84 on Friday. First Financial Bankshares, Inc. has a fifty-two week low of $24.22 and a fifty-two week high of $42.02. The business’s fifty day moving average is $36.86 and its two-hundred day moving average is $33.61. The firm has a market cap of $5.83 billion, a PE ratio of 28.17 and a beta of 0.78.

First Financial Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 13th will be given a dividend of $0.18 per share. The ex-dividend date is Thursday, December 12th. This represents a $0.72 annualized dividend and a yield of 1.76%. First Financial Bankshares’s dividend payout ratio (DPR) is presently 49.66%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Stephens increased their target price on First Financial Bankshares from $37.00 to $40.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. Hovde Group lifted their price objective on First Financial Bankshares from $34.50 to $40.00 and gave the stock a “market perform” rating in a research report on Monday, October 21st. Finally, Truist Financial upped their target price on shares of First Financial Bankshares from $39.00 to $40.00 and gave the company a “hold” rating in a report on Friday, September 20th.

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.