First Financial Bankshares, Inc. (NASDAQ:FFIN) Stock Position Boosted by Natixis Advisors L.P.

Natixis Advisors L.P. lifted its stake in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 39.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 447,970 shares of the bank’s stock after acquiring an additional 127,397 shares during the period. Natixis Advisors L.P.’s holdings in First Financial Bankshares were worth $13,573,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in FFIN. Kayne Anderson Rudnick Investment Management LLC boosted its stake in First Financial Bankshares by 1.4% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,615,353 shares of the bank’s stock valued at $90,818,000 after purchasing an additional 50,774 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in First Financial Bankshares by 58.7% during the third quarter. Envestnet Asset Management Inc. now owns 304,771 shares of the bank’s stock valued at $7,656,000 after buying an additional 112,773 shares in the last quarter. Swiss National Bank grew its holdings in First Financial Bankshares by 1.0% during the third quarter. Swiss National Bank now owns 298,100 shares of the bank’s stock worth $7,488,000 after acquiring an additional 3,000 shares during the period. Mutual of America Capital Management LLC raised its position in First Financial Bankshares by 16.7% in the fourth quarter. Mutual of America Capital Management LLC now owns 267,376 shares of the bank’s stock worth $8,101,000 after acquiring an additional 38,258 shares in the last quarter. Finally, CFM Wealth Partners LLC lifted its holdings in First Financial Bankshares by 1.2% in the 4th quarter. CFM Wealth Partners LLC now owns 190,943 shares of the bank’s stock valued at $5,786,000 after acquiring an additional 2,196 shares during the last quarter. 69.78% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

FFIN has been the topic of several recent research reports. Keefe, Bruyette & Woods lifted their price objective on shares of First Financial Bankshares from $30.00 to $31.00 and gave the stock a “market perform” rating in a research note on Friday, January 26th. Stephens decreased their price target on shares of First Financial Bankshares from $35.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Friday, April 19th. Finally, Truist Financial cut their price objective on First Financial Bankshares from $34.00 to $32.00 and set a “hold” rating for the company in a research report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. Based on data from MarketBeat.com, First Financial Bankshares presently has a consensus rating of “Hold” and an average price target of $31.33.

Insider Activity at First Financial Bankshares

In other First Financial Bankshares news, Director Johnny Trotter bought 1,500 shares of the stock in a transaction on Thursday, April 25th. The shares were bought at an average price of $30.22 per share, with a total value of $45,330.00. Following the purchase, the director now directly owns 940,371 shares in the company, valued at approximately $28,418,011.62. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders have acquired 3,193 shares of company stock valued at $96,766. Company insiders own 4.22% of the company’s stock.

First Financial Bankshares Price Performance

Shares of FFIN opened at $31.08 on Wednesday. The company has a 50-day moving average of $30.88 and a two-hundred day moving average of $29.43. The stock has a market cap of $4.44 billion, a price-to-earnings ratio of 22.20 and a beta of 0.83. First Financial Bankshares, Inc. has a one year low of $22.84 and a one year high of $33.15.

First Financial Bankshares (NASDAQ:FFIN) last posted its quarterly earnings data on Tuesday, April 23rd. The bank reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. First Financial Bankshares had a net margin of 30.03% and a return on equity of 14.28%. The firm had revenue of $129.63 million during the quarter, compared to analyst estimates of $129.72 million. During the same quarter last year, the business posted $0.39 EPS. The company’s revenue was up 4.3% on a year-over-year basis. Analysts anticipate that First Financial Bankshares, Inc. will post 1.47 earnings per share for the current year.

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.