13,532 Shares in First Financial Bankshares, Inc. $FFIN Acquired by Callan Family Office LLC

Callan Family Office LLC purchased a new position in First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 13,532 shares of the bank's stock, valued at approximately $487,000.

Other hedge funds also recently modified their holdings of the company. Champlain Investment Partners LLC raised its holdings in First Financial Bankshares by 5.9% during the 1st quarter. Champlain Investment Partners LLC now owns 2,901,239 shares of the bank's stock valued at $104,213,000 after acquiring an additional 161,991 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its holdings in First Financial Bankshares by 36.0% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,465,774 shares of the bank's stock valued at $88,571,000 after acquiring an additional 652,575 shares during the period. Ameriprise Financial Inc. raised its holdings in First Financial Bankshares by 125.7% during the 1st quarter. Ameriprise Financial Inc. now owns 1,085,517 shares of the bank's stock valued at $38,993,000 after acquiring an additional 604,648 shares during the period. Nuveen LLC bought a new stake in First Financial Bankshares during the 1st quarter valued at $34,662,000. Finally, Fuller & Thaler Asset Management Inc. raised its holdings in First Financial Bankshares by 4.1% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 953,592 shares of the bank's stock valued at $34,253,000 after acquiring an additional 37,733 shares during the period. Institutional investors own 69.78% of the company's stock.

First Financial Bankshares Stock Performance

Shares of NASDAQ:FFIN opened at $33.69 on Wednesday. First Financial Bankshares, Inc. has a 52-week low of $30.58 and a 52-week high of $44.66. The firm has a fifty day moving average of $35.19 and a 200 day moving average of $35.14. The firm has a market capitalization of $4.82 billion, a PE ratio of 19.59 and a beta of 0.86.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last announced its earnings results on Thursday, July 17th. The bank reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.02. First Financial Bankshares had a net margin of 31.01% and a return on equity of 14.69%. The company had revenue of $156.60 million during the quarter, compared to analyst estimates of $156.41 million. During the same period in the previous year, the business earned $0.37 earnings per share. On average, sell-side analysts forecast that First Financial Bankshares, Inc. will post 1.78 EPS for the current fiscal year.

First Financial Bankshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 15th were given a $0.19 dividend. The ex-dividend date was Monday, September 15th. This represents a $0.76 annualized dividend and a yield of 2.3%. First Financial Bankshares's payout ratio is 44.19%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods boosted their target price on shares of First Financial Bankshares from $36.00 to $38.00 and gave the company a "market perform" rating in a report on Friday, July 18th. Weiss Ratings reissued a "hold (c)" rating on shares of First Financial Bankshares in a report on Tuesday. Cantor Fitzgerald initiated coverage on shares of First Financial Bankshares in a report on Wednesday, September 10th. They set a "neutral" rating and a $39.00 target price on the stock. Finally, Hovde Group upped their price target on shares of First Financial Bankshares from $38.00 to $39.00 and gave the stock a "market perform" rating in a report on Monday, July 21st. Five research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $39.00.

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.

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