First Financial Bankshares, Inc. $FFIN Stock Sold by CFM Wealth Partners LLC

CFM Wealth Partners LLC lowered its stake in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 17.9% during the third quarter, HoldingsChannel reports. The firm owned 114,321 shares of the bank’s stock after selling 24,964 shares during the period. CFM Wealth Partners LLC’s holdings in First Financial Bankshares were worth $3,629,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of FFIN. Dimensional Fund Advisors LP lifted its stake in First Financial Bankshares by 1.7% during the first quarter. Dimensional Fund Advisors LP now owns 2,760,965 shares of the bank’s stock valued at $81,309,000 after buying an additional 45,052 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of First Financial Bankshares by 4.4% in the first quarter. Principal Financial Group Inc. now owns 297,075 shares of the bank’s stock worth $8,749,000 after acquiring an additional 12,454 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of First Financial Bankshares by 4.2% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 252,656 shares of the bank’s stock worth $8,742,000 after acquiring an additional 10,244 shares in the last quarter. Swiss National Bank raised its holdings in shares of First Financial Bankshares by 0.4% during the first quarter. Swiss National Bank now owns 240,900 shares of the bank’s stock valued at $7,095,000 after acquiring an additional 1,000 shares during the period. Finally, California Public Employees Retirement System raised its holdings in shares of First Financial Bankshares by 0.7% during the first quarter. California Public Employees Retirement System now owns 236,597 shares of the bank’s stock valued at $6,968,000 after acquiring an additional 1,761 shares during the period. Institutional investors and hedge funds own 69.78% of the company’s stock.

Insider Buying and Selling

In related news, Director Michael B. Denny acquired 3,245 shares of the stock in a transaction that occurred on Thursday, October 29th. The shares were purchased at an average cost of $30.76 per share, with a total value of $99,816.20. Following the completion of the transaction, the director owned 9,745 shares of the company’s stock, valued at approximately $299,756.20. This trade represents a 49.92% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Ronald David Butler II sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $34.95, for a total transaction of $524,250.00. Following the transaction, the chief accounting officer directly owned 152,223 shares in the company, valued at $5,320,193.85. The trade was a 8.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders bought 7,865 shares of company stock valued at $252,919 over the last three months. 3.80% of the stock is owned by insiders.

First Financial Bankshares Trading Down 0.8%

Shares of NASDAQ FFIN opened at $30.34 on Thursday. First Financial Bankshares, Inc. has a one year low of $28.11 and a one year high of $36.52. The firm has a market capitalization of $4.34 billion, a PE ratio of 15.07 and a beta of 0.80. The business has a 50-day moving average price of $31.60 and a two-hundred day moving average price of $32.43.

First Financial Bankshares (NASDAQ:FFIN) last released its earnings results on Friday, October 16th. The bank reported $0.52 earnings per share for the quarter, meeting the consensus estimate of $0.52. The company had revenue of $174.14 million for the quarter, compared to analysts’ expectations of $178.63 million. First Financial Bankshares had a return on equity of 15.14% and a net margin of 33.16%. During the same quarter in the previous year, the business posted $0.36 EPS. Research analysts anticipate that First Financial Bankshares, Inc. will post 2.05 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on FFIN. Hovde Group started coverage on shares of First Financial Bankshares in a research report on Friday, September 11th. They issued a “market perform” rating and a $36.00 price target for the company. Weiss Ratings cut shares of First Financial Bankshares from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, September 25th. Seaport Research Partners upgraded shares of First Financial Bankshares to a “buy” rating in a research report on Wednesday, October 14th. Raymond James Financial assumed coverage on shares of First Financial Bankshares in a research note on Wednesday, October 14th. They set a “market perform” rating on the stock. Finally, Piper Sandler reduced their target price on First Financial Bankshares from $35.00 to $33.00 and set a “neutral” rating for the company in a report on Monday, October 19th. One research analyst has rated the stock with a Strong Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, First Financial Bankshares currently has an average rating of “Hold” and an average target price of $35.20.

About First Financial Bankshares

First Financial Bankshares, Inc. is a Texas-based financial holding company whose principal subsidiary, First Financial Bank, provides banking and related financial services to individuals, businesses, and organizations. The company traces its roots to 1890, when a predecessor bank opened in Abilene, Texas. Through a network of banking locations across Texas, First Financial offers deposit accounts, consumer and commercial loans, mortgage and agricultural lending, and other banking services. Its affiliated businesses also provide trust and wealth management and insurance services.