Ballentine Partners LLC Raises Holdings in First Financial Bankshares, Inc. (NASDAQ:FFIN)

Ballentine Partners LLC lifted its holdings in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 2.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,190 shares of the bank’s stock after buying an additional 333 shares during the quarter. Ballentine Partners LLC’s holdings in First Financial Bankshares were worth $451,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of First Financial Bankshares by 3.4% during the 1st 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. SG Americas Securities LLC grew its position in First Financial Bankshares by 480.0% during the second 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 period. Ontario Teachers Pension Plan Board purchased a new position in First Financial Bankshares in the first quarter valued at about $1,100,000. Bridges Investment Management Inc. purchased a new position in First Financial Bankshares in the second quarter valued at about $637,000. Finally, Bank of New York Mellon Corp lifted its position in shares of First Financial Bankshares by 1.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,375,856 shares of the bank’s stock valued at $40,629,000 after acquiring an additional 15,473 shares during the period. Institutional investors and hedge funds own 69.78% of the company’s stock.

First Financial Bankshares Stock Performance

Shares of NASDAQ FFIN opened at $36.13 on Monday. The firm has a market cap of $5.16 billion, a P/E ratio of 25.81 and a beta of 0.78. First Financial Bankshares, Inc. has a 1 year low of $23.35 and a 1 year high of $39.53. The firm’s 50 day moving average price is $36.64 and its 200 day moving average price is $33.18.

Analyst Ratings Changes

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

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.