Texas Permanent School Fund Corp Sells 14,760 Shares of First Financial Bankshares, Inc. (NASDAQ:FFIN)

Texas Permanent School Fund Corp trimmed its position in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) by 13.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 97,648 shares of the bank’s stock after selling 14,760 shares during the quarter. Texas Permanent School Fund Corp owned approximately 0.07% of First Financial Bankshares worth $2,884,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Signaturefd LLC boosted its position in First Financial Bankshares by 5.0% during the 2nd quarter. Signaturefd LLC now owns 5,637 shares of the bank’s stock valued at $166,000 after acquiring an additional 270 shares in the last quarter. Crewe Advisors LLC lifted its holdings in shares of First Financial Bankshares by 6.0% during the second quarter. Crewe Advisors LLC now owns 5,265 shares of the bank’s stock valued at $155,000 after purchasing an additional 296 shares during the last quarter. SYSTM Wealth Solutions LLC lifted its holdings in shares of First Financial Bankshares by 17.4% during the first quarter. SYSTM Wealth Solutions LLC now owns 2,681 shares of the bank’s stock valued at $88,000 after purchasing an additional 398 shares during the last quarter. Hexagon Capital Partners LLC lifted its holdings in shares of First Financial Bankshares by 81.1% during the first quarter. Hexagon Capital Partners LLC now owns 927 shares of the bank’s stock valued at $30,000 after purchasing an additional 415 shares during the last quarter. Finally, Retirement Systems of Alabama lifted its holdings in shares of First Financial Bankshares by 0.3% during the first quarter. Retirement Systems of Alabama now owns 161,287 shares of the bank’s stock valued at $5,292,000 after purchasing an additional 426 shares during the last quarter. 69.78% of the stock is owned by institutional investors.

First Financial Bankshares Stock Up 2.8 %

Shares of NASDAQ FFIN opened at $36.77 on Monday. 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 cap of $5.25 billion, a P/E ratio of 26.26 and a beta of 0.78. The company has a 50 day moving average of $35.26 and a 200 day moving average of $32.01.

First Financial Bankshares (NASDAQ:FFIN) last posted its earnings results on Thursday, July 18th. The bank reported $0.37 EPS 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 during the quarter, compared to the consensus estimate of $134.10 million. As a group, equities analysts expect that First Financial Bankshares, Inc. will post 1.52 earnings per share for the current fiscal year.

First Financial Bankshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Thursday, September 12th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date is Thursday, September 12th. First Financial Bankshares’s dividend payout ratio (DPR) is presently 51.43%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on FFIN shares. Truist Financial lifted their target price on shares of First Financial Bankshares from $31.00 to $39.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. Stephens boosted their price objective on shares of First Financial Bankshares from $31.00 to $36.00 and gave the stock an “equal weight” rating in a report on Friday, July 19th.

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.