Mission Wealth Management LP Sells 32,191 Shares of First Financial Bankshares, Inc. (NASDAQ:FFIN)

Mission Wealth Management LP reduced its holdings in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) by 76.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,000 shares of the bank's stock after selling 32,191 shares during the quarter. Mission Wealth Management LP's holdings in First Financial Bankshares were worth $303,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. First Command Advisory Services Inc. acquired a new stake in shares of First Financial Bankshares in the third quarter valued at about $26,000. Lindbrook Capital LLC raised its stake in shares of First Financial Bankshares by 134.8% during the fourth quarter. Lindbrook Capital LLC now owns 911 shares of the bank's stock valued at $28,000 after purchasing an additional 523 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of First Financial Bankshares during the third quarter worth $40,000. Signaturefd LLC boosted its stake in shares of First Financial Bankshares by 35.6% in the third quarter. Signaturefd LLC now owns 2,676 shares of the bank's stock valued at $67,000 after purchasing an additional 703 shares during the period. Finally, Headlands Technologies LLC acquired a new stake in First Financial Bankshares during the 3rd quarter valued at $115,000. 69.78% of the stock is currently owned by hedge funds and other institutional investors.

First Financial Bankshares Trading Up 0.6 %

First Financial Bankshares stock traded up $0.17 during midday trading on Friday, hitting $30.76. The stock had a trading volume of 262,196 shares, compared to its average volume of 458,127. The business has a fifty day moving average price of $30.87 and a 200 day moving average price of $29.29. First Financial Bankshares, Inc. has a 12 month low of $22.84 and a 12 month high of $33.15. The stock has a market cap of $4.39 billion, a P/E ratio of 21.97 and a beta of 0.83.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last issued its earnings results on Tuesday, April 23rd. The bank reported $0.37 EPS for the quarter, topping the consensus estimate of $0.35 by $0.02. The company had revenue of $129.63 million during the quarter, compared to analyst estimates of $129.72 million. First Financial Bankshares had a return on equity of 14.28% and a net margin of 30.03%. The business's revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.39 EPS. On average, equities analysts anticipate that First Financial Bankshares, Inc. will post 1.47 EPS for the current fiscal year.

Insiders Place Their Bets

In other First Financial Bankshares news, Director Johnny Trotter bought 1,500 shares of the company's stock in a transaction on Thursday, April 25th. The shares were bought at an average cost of $30.22 per share, with a total value of $45,330.00. Following the completion of the acquisition, the director now owns 940,371 shares of the company's stock, valued at $28,418,011.62. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders acquired a total of 3,177 shares of company stock valued at $95,834 over the last 90 days. 4.22% of the stock is owned by company insiders.

Analysts Set New Price Targets

FFIN has been the subject of a number of analyst reports. Stephens reduced their price target on First Financial Bankshares from $35.00 to $31.00 and set an "equal weight" rating for the company in a report on Friday, April 19th. Keefe, Bruyette & Woods increased their target price on First Financial Bankshares from $30.00 to $31.00 and gave the company a "market perform" rating in a research note on Friday, January 26th. Finally, Truist Financial dropped their price target on shares of First Financial Bankshares from $34.00 to $32.00 and set a "hold" rating for the company in a research note on Monday, April 22nd. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $31.33.

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.