Inspire Investing LLC Acquires 1,043 Shares of First Financial Bankshares, Inc. (NASDAQ:FFIN)

Inspire Investing LLC boosted its stake in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) by 8.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,516 shares of the bank’s stock after buying an additional 1,043 shares during the quarter. Inspire Investing LLC’s holdings in First Financial Bankshares were worth $399,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in FFIN. Olistico Wealth LLC bought a new position in shares of First Financial Bankshares during the 2nd quarter valued at approximately $29,000. Hexagon Capital Partners LLC increased its position in First Financial Bankshares by 81.1% in the first quarter. Hexagon Capital Partners LLC now owns 927 shares of the bank’s stock worth $30,000 after buying an additional 415 shares during the last quarter. Neo Ivy Capital Management bought a new stake in shares of First Financial Bankshares in the second quarter valued at $41,000. SYSTM Wealth Solutions LLC lifted 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 valued at $88,000 after buying an additional 398 shares during the last quarter. Finally, Crewe Advisors LLC increased its holdings in First Financial Bankshares by 6.0% in the 2nd quarter. Crewe Advisors LLC now owns 5,265 shares of the bank’s stock worth $155,000 after acquiring an additional 296 shares during the last quarter. Hedge funds and other institutional investors own 69.78% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Stephens increased 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 raised their price objective on shares of First Financial Bankshares from $39.00 to $40.00 and gave the stock a “hold” rating in a report on Friday.

First Financial Bankshares Stock Down 1.9 %

FFIN stock opened at $38.10 on Friday. The stock has a 50-day simple moving average of $36.08 and a two-hundred day simple moving average of $32.24. First Financial Bankshares, Inc. has a twelve month low of $22.84 and a twelve month high of $39.53. The firm has a market capitalization of $5.44 billion, a PE ratio of 27.21 and a beta of 0.78.

First Financial Bankshares (NASDAQ:FFIN) last posted its earnings results 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. First Financial Bankshares had a net margin of 29.13% and a return on equity of 14.01%. The business had revenue of $184.94 million for the quarter, compared to analyst estimates of $134.10 million. On average, equities research analysts anticipate that First Financial Bankshares, Inc. will post 1.52 EPS for the current fiscal year.

First Financial Bankshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Thursday, September 12th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $0.72 annualized dividend and a dividend yield of 1.89%. First Financial Bankshares’s payout ratio is currently 51.43%.

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.