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

State of Alaska Department of Revenue grew its holdings in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) by 7.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,881 shares of the bank’s stock after buying an additional 1,010 shares during the period. State of Alaska Department of Revenue’s holdings in First Financial Bankshares were worth $550,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in FFIN. Strategic Financial Concepts LLC grew its position in shares of First Financial Bankshares by 3,632.9% in the 2nd quarter. Strategic Financial Concepts LLC now owns 2,992,894 shares of the bank’s stock valued at $884,000 after buying an additional 2,912,718 shares during the last quarter. Champlain Investment Partners LLC boosted its stake in First Financial Bankshares by 27.6% in the first quarter. Champlain Investment Partners LLC now owns 3,334,349 shares of the bank’s stock valued at $109,400,000 after acquiring an additional 720,820 shares in the last quarter. Vanguard Group Inc. boosted its stake in First Financial Bankshares by 3.4% in the first quarter. Vanguard Group Inc. now owns 14,956,322 shares of the bank’s stock valued at $490,717,000 after acquiring an additional 490,770 shares in the last quarter. Cubist Systematic Strategies LLC grew its holdings in shares of First Financial Bankshares by 10,296.3% during the second quarter. Cubist Systematic Strategies LLC now owns 189,732 shares of the bank’s stock worth $5,603,000 after purchasing an additional 187,907 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of First Financial Bankshares by 5.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,556,205 shares of the bank’s stock worth $75,482,000 after purchasing an additional 130,361 shares in the last quarter. 69.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FFIN has been the subject of a number of research analyst reports. Stephens upped their target price on First Financial Bankshares from $37.00 to $40.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. Truist Financial boosted 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. Finally, Hovde Group increased their price objective on First Financial Bankshares from $34.50 to $40.00 and gave the company a “market perform” rating in a report on Monday, October 21st.

First Financial Bankshares Stock Performance

Shares of NASDAQ:FFIN opened at $40.84 on Friday. First Financial Bankshares, Inc. has a one year low of $24.22 and a one year high of $42.02. The stock has a market capitalization of $5.83 billion, a price-to-earnings ratio of 28.17 and a beta of 0.78. The company has a 50-day simple moving average of $36.86 and a 200-day simple moving average of $33.61.

First Financial Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.72 dividend on an annualized basis and a yield of 1.76%. First Financial Bankshares’s payout ratio is 49.66%.

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.