U.S. Capital Wealth Advisors LLC Takes Position in First Financial Bankshares, Inc. (NASDAQ:FFIN)

U.S. Capital Wealth Advisors LLC purchased a new position in First Financial Bankshares, Inc. (NASDAQ:FFIN) in the 4th quarter, Holdings Channel.com reports. The firm purchased 10,155 shares of the bank’s stock, valued at approximately $308,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lindbrook Capital LLC grew its stake in shares of First Financial Bankshares by 134.8% in the 4th 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. First Command Advisory Services Inc. bought a new position in shares of First Financial Bankshares during the 3rd quarter worth approximately $26,000. Allspring Global Investments Holdings LLC acquired a new stake in First Financial Bankshares in the 3rd quarter valued at $40,000. Signaturefd LLC grew 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 valued at $67,000 after acquiring an additional 703 shares during the period. Finally, Headlands Technologies LLC acquired a new position in First Financial Bankshares during the third quarter worth $115,000. Institutional investors own 69.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on FFIN shares. Keefe, Bruyette & Woods boosted their target price on shares of 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. Truist Financial cut 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 report on Monday, April 22nd. Finally, Stephens decreased their price objective on shares of First Financial Bankshares from $35.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Friday, April 19th. One research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. Based on data from MarketBeat, First Financial Bankshares has a consensus rating of “Hold” and a consensus target price of $31.33.

Insider Activity at First Financial Bankshares

In other news, Director Johnny Trotter bought 1,500 shares of the company’s stock in a transaction dated Thursday, April 25th. The stock was bought at an average price of $30.22 per share, for a total transaction of $45,330.00. Following the completion of the transaction, the director now directly owns 940,371 shares in the company, valued at approximately $28,418,011.62. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders purchased a total of 3,193 shares of company stock valued at $96,766 over the last quarter. Corporate insiders own 4.22% of the company’s stock.

First Financial Bankshares Stock Performance

Shares of FFIN stock opened at $31.08 on Wednesday. First Financial Bankshares, Inc. has a 52 week low of $22.84 and a 52 week high of $33.15. The stock has a market capitalization of $4.44 billion, a PE ratio of 22.20 and a beta of 0.83. The stock’s fifty day moving average is $30.88 and its 200-day moving average is $29.43.

First Financial Bankshares (NASDAQ:FFIN) last posted its quarterly earnings data on Tuesday, April 23rd. The bank reported $0.37 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $129.72 million. During the same quarter last year, the company posted $0.39 EPS. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. As a group, analysts forecast that First Financial Bankshares, Inc. will post 1.47 earnings per share for the current fiscal 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.