First Financial Bankshares, Inc. (NASDAQ:FFIN) Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. grew its position in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) by 54.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 14,521 shares of the bank’s stock after purchasing an additional 5,127 shares during the quarter. Federated Hermes Inc.’s holdings in First Financial Bankshares were worth $429,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Olistico Wealth LLC acquired a new stake in shares of First Financial Bankshares in the 2nd quarter valued at about $29,000. Hexagon Capital Partners LLC boosted its holdings in shares of First Financial Bankshares by 81.1% in the first quarter. Hexagon Capital Partners LLC now owns 927 shares of the bank’s stock valued at $30,000 after acquiring an additional 415 shares during the period. Neo Ivy Capital Management purchased a new position in shares of First Financial Bankshares during the second quarter worth approximately $41,000. SYSTM Wealth Solutions LLC increased its holdings in shares of First Financial Bankshares by 17.4% in the 1st quarter. SYSTM Wealth Solutions LLC now owns 2,681 shares of the bank’s stock valued at $88,000 after acquiring an additional 398 shares during the period. Finally, Crewe Advisors LLC raised its position in First Financial Bankshares by 6.0% in the 2nd 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. Institutional investors and hedge funds own 69.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Stephens raised 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 research report on Friday, July 19th. Truist Financial boosted their price target on First Financial Bankshares from $39.00 to $40.00 and gave the company a “hold” rating in a research report on Friday.

First Financial Bankshares Stock Performance

Shares of First Financial Bankshares stock opened at $38.12 on Tuesday. First Financial Bankshares, Inc. has a one year low of $22.84 and a one year high of $39.53. The company has a market cap of $5.45 billion, a P/E ratio of 27.23 and a beta of 0.78. The firm has a fifty day moving average of $36.19 and a two-hundred day moving average of $32.28.

First Financial Bankshares (NASDAQ:FFIN) last announced its quarterly earnings data on Thursday, July 18th. The bank reported $0.37 EPS for the quarter, beating 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 firm had revenue of $184.94 million during the quarter, compared to the consensus estimate of $134.10 million. As a group, equities analysts predict that First Financial Bankshares, Inc. will post 1.52 earnings per share for the current year.

First Financial Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Thursday, September 12th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.89%. First Financial Bankshares’s dividend payout ratio (DPR) is presently 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.