Cwm LLC Acquires 15,943 Shares of First Financial Bankshares, Inc. (NASDAQ:FFIN)

Cwm LLC lifted its position in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) by 146.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,839 shares of the bank’s stock after purchasing an additional 15,943 shares during the period. Cwm LLC’s holdings in First Financial Bankshares were worth $813,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Blue Trust Inc. lifted its position in shares of First Financial Bankshares by 1.5% during the fourth quarter. Blue Trust Inc. now owns 24,927 shares of the bank’s stock valued at $755,000 after purchasing an additional 379 shares in the last quarter. Lindbrook Capital LLC raised its position in First Financial Bankshares by 134.8% in the fourth quarter. Lindbrook Capital LLC now owns 911 shares of the bank’s stock worth $28,000 after acquiring an additional 523 shares during the period. Arizona State Retirement System raised its position in First Financial Bankshares by 1.4% in the third quarter. Arizona State Retirement System now owns 38,608 shares of the bank’s stock worth $970,000 after acquiring an additional 530 shares during the period. Signaturefd LLC raised its position in First Financial Bankshares by 35.6% in the third quarter. Signaturefd LLC now owns 2,676 shares of the bank’s stock worth $67,000 after acquiring an additional 703 shares during the period. Finally, First Command Advisory Services Inc. bought a new stake in First Financial Bankshares in the third quarter worth about $26,000. 69.78% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Johnny Trotter purchased 1,500 shares of the business’s stock in a transaction on Thursday, April 25th. The stock was acquired 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 $28,418,011.62. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 4.22% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on FFIN shares. Truist Financial lowered their price objective on shares of First Financial Bankshares from $34.00 to $32.00 and set a “hold” rating on the stock in a research report on Monday, April 22nd. Keefe, Bruyette & Woods boosted their price target on shares of First Financial Bankshares from $30.00 to $31.00 and gave the company a “market perform” rating in a research report on Friday, January 26th. Finally, Stephens lowered 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. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $31.33.

First Financial Bankshares Trading Down 2.1 %

First Financial Bankshares stock opened at $29.71 on Tuesday. The firm’s 50 day simple moving average is $30.97 and its 200 day simple moving average is $29.17. The firm has a market capitalization of $4.24 billion, a PE ratio of 21.22 and a beta of 0.82. First Financial Bankshares, Inc. has a 1-year low of $22.84 and a 1-year high of $33.15.

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

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.