First Financial Bankshares, Inc. (NASDAQ:FFIN) Shares Purchased by Diversified Trust Co

Diversified Trust Co increased its stake in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) by 17.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,463 shares of the bank’s stock after purchasing an additional 5,166 shares during the period. Diversified Trust Co’s holdings in First Financial Bankshares were worth $1,275,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Point72 DIFC Ltd acquired a new position in First Financial Bankshares in the 2nd quarter valued at $97,000. Point72 Asia Singapore Pte. Ltd. grew its stake in shares of First Financial Bankshares by 20.0% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 7,978 shares of the bank’s stock valued at $236,000 after acquiring an additional 1,332 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of First Financial Bankshares during the second quarter valued at about $3,424,000. Point72 Asset Management L.P. acquired a new position in First Financial Bankshares in the second quarter worth about $118,000. Finally, Quarry LP acquired a new position in First Financial Bankshares in the second quarter worth about $83,000. 69.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FFIN has been the topic of a number of recent research reports. Stephens raised 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 report on Friday, July 19th. Truist Financial boosted their price objective on First Financial Bankshares from $39.00 to $40.00 and gave the stock a “hold” rating in a research report on Friday, September 20th.

First Financial Bankshares Stock Performance

Shares of FFIN opened at $35.68 on Wednesday. The firm has a market capitalization of $5.10 billion, a price-to-earnings ratio of 25.49 and a beta of 0.78. First Financial Bankshares, Inc. has a one year low of $22.84 and a one year high of $39.53. The stock’s fifty day moving average is $36.14 and its 200-day moving average is $32.65.

First Financial Bankshares (NASDAQ:FFIN) last issued its quarterly earnings results on Thursday, July 18th. The bank reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The company had revenue of $184.94 million for the quarter, compared to analyst estimates of $134.10 million. First Financial Bankshares had a return on equity of 14.01% and a net margin of 29.13%. Analysts forecast that First Financial Bankshares, Inc. will post 1.52 EPS for the current fiscal year.

First Financial Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Thursday, September 12th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date was Thursday, September 12th. First Financial Bankshares’s dividend payout ratio (DPR) is 51.43%.

About First Financial Bankshares

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.