Orion Portfolio Solutions LLC purchased a new position in shares of First Financial Bankshares Inc (NASDAQ:FFIN) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,697 shares of the bank’s stock, valued at approximately $95,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Employees Retirement System of Texas purchased a new stake in First Financial Bankshares during the 4th quarter valued at $1,018,000. Stifel Financial Corp grew its position in First Financial Bankshares by 6.1% during the third quarter. Stifel Financial Corp now owns 96,202 shares of the bank’s stock worth $3,202,000 after buying an additional 5,522 shares during the period. California State Teachers Retirement System increased its holdings in First Financial Bankshares by 1.2% in the third quarter. California State Teachers Retirement System now owns 202,758 shares of the bank’s stock valued at $6,758,000 after buying an additional 2,422 shares in the last quarter. Comerica Bank increased its holdings in First Financial Bankshares by 0.7% in the fourth quarter. Comerica Bank now owns 78,017 shares of the bank’s stock valued at $2,695,000 after buying an additional 545 shares in the last quarter. Finally, Millennium Management LLC purchased a new position in First Financial Bankshares in the third quarter valued at about $1,486,000. Institutional investors own 50.14% of the company’s stock.

Shares of FFIN traded up $1.03 during mid-day trading on Thursday, hitting $26.56. 716,658 shares of the stock were exchanged, compared to its average volume of 572,952. The company has a market cap of $3.82 billion, a PE ratio of 21.95 and a beta of 1.16. First Financial Bankshares Inc has a 52-week low of $20.70 and a 52-week high of $36.45. The firm has a 50-day moving average of $30.15 and a two-hundred day moving average of $33.18.

First Financial Bankshares (NASDAQ:FFIN) last announced its earnings results on Thursday, January 23rd. The bank reported $0.30 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.30. First Financial Bankshares had a return on equity of 14.01% and a net margin of 38.54%. The firm had revenue of $104.40 million for the quarter, compared to the consensus estimate of $101.90 million. During the same period in the previous year, the business earned $0.56 EPS. On average, analysts predict that First Financial Bankshares Inc will post 1.24 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 16th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.81%. The ex-dividend date is Friday, March 13th. First Financial Bankshares’s payout ratio is 39.67%.

In other First Financial Bankshares news, Director April Kaye Bullock Anthony purchased 10,549 shares of the firm’s stock in a transaction on Thursday, March 12th. The stock was bought at an average price of $21.30 per share, with a total value of $224,693.70. Following the transaction, the director now directly owns 40,230 shares of the company’s stock, valued at approximately $856,899. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Johnny Trotter purchased 4,000 shares of the company’s stock in a transaction on Monday, March 9th. The stock was acquired at an average price of $24.62 per share, with a total value of $98,480.00. Following the purchase, the director now owns 830,926 shares of the company’s stock, valued at $20,457,398.12. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 22,949 shares of company stock valued at $591,466. 4.44% of the stock is owned by company insiders.

Several equities research analysts have recently weighed in on FFIN shares. BidaskClub upgraded shares of First Financial Bankshares from a “strong sell” rating to a “sell” rating in a research report on Tuesday, March 17th. Zacks Investment Research lowered shares of First Financial Bankshares from a “buy” rating to a “hold” rating in a report on Tuesday, March 10th. ValuEngine upgraded shares of First Financial Bankshares from a “strong sell” rating to a “sell” rating in a report on Friday, December 27th. SunTrust Banks boosted their target price on shares of First Financial Bankshares from $35.00 to $37.00 and gave the stock a “hold” rating in a report on Thursday, January 2nd. Finally, Stephens decreased their target price on shares of First Financial Bankshares from $35.00 to $33.00 and set an “equal weight” rating on the stock in a research report on Monday, January 27th. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. First Financial Bankshares currently has a consensus rating of “Hold” and a consensus price target of $34.50.

First Financial Bankshares Company Profile

First Financial Bankshares, Inc, through its subsidiaries, provides commercial banking products and services primarily in Texas. The company accepts checking, savings, and time deposits; and offers real estate, commercial, agricultural, and consumer loans to businesses, professionals, individuals, and farm and ranch operations.

Recommended Story: What is a growth and income fund?

Want to see what other hedge funds are holding FFIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Financial Bankshares Inc (NASDAQ:FFIN).

Institutional Ownership by Quarter for First Financial Bankshares (NASDAQ:FFIN)

Receive News & Ratings for First Financial Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Financial Bankshares and related companies with MarketBeat.com's FREE daily email newsletter.