Champlain Investment Partners LLC Boosts Stake in First Financial Bankshares, Inc. (NASDAQ:FFIN)

Champlain Investment Partners LLC lifted its holdings in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) by 6.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,516,329 shares of the bank’s stock after buying an additional 223,640 shares during the period. Champlain Investment Partners LLC owned approximately 2.46% of First Financial Bankshares worth $130,139,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in First Financial Bankshares by 3.4% in the 1st quarter. Vanguard Group Inc. now owns 14,956,322 shares of the bank’s stock worth $490,717,000 after purchasing an additional 490,770 shares during the period. SG Americas Securities LLC grew its holdings in shares of First Financial Bankshares by 480.0% in the second quarter. SG Americas Securities LLC now owns 39,602 shares of the bank’s stock worth $1,169,000 after acquiring an additional 32,774 shares during the period. Bridges Investment Management Inc. purchased a new stake in First Financial Bankshares during the second quarter valued at $637,000. Bank of New York Mellon Corp lifted its holdings in First Financial Bankshares by 1.1% in the second quarter. Bank of New York Mellon Corp now owns 1,375,856 shares of the bank’s stock valued at $40,629,000 after acquiring an additional 15,473 shares during the period. Finally, O Shaughnessy Asset Management LLC boosted its position in First Financial Bankshares by 29.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 18,709 shares of the bank’s stock worth $614,000 after purchasing an additional 4,221 shares during the last quarter. 69.78% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Michael B. Denny sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $41.12, for a total value of $287,840.00. Following the transaction, the director now directly owns 101,085 shares of the company’s stock, valued at approximately $4,156,615.20. The trade was a 6.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 4.22% of the stock is currently owned by company insiders.

First Financial Bankshares Trading Up 3.2 %

Shares of NASDAQ:FFIN opened at $42.77 on Friday. The stock has a 50 day moving average of $38.19 and a 200 day moving average of $34.53. The company has a market cap of $6.11 billion, a PE ratio of 29.50 and a beta of 0.78. First Financial Bankshares, Inc. has a 12-month low of $25.99 and a 12-month high of $43.57.

First Financial Bankshares (NASDAQ:FFIN) last issued its quarterly earnings results on Thursday, October 17th. The bank reported $0.39 earnings per share for the quarter, meeting the consensus estimate of $0.39. The business had revenue of $142.10 million for the quarter, compared to the consensus estimate of $140.25 million. First Financial Bankshares had a net margin of 28.76% and a return on equity of 13.43%. Equities research analysts predict that First Financial Bankshares, Inc. will post 1.52 earnings per share for the current fiscal year.

First Financial Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 13th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.68%. The ex-dividend date is Friday, December 13th. First Financial Bankshares’s dividend payout ratio is currently 49.66%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Hovde Group upped their price target on shares of First Financial Bankshares from $34.50 to $40.00 and gave the company a “market perform” rating in a research report on Monday, October 21st. Stephens upped their target price on shares of First Financial Bankshares from $37.00 to $40.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. Finally, Truist Financial lifted their price target on shares of First Financial Bankshares from $39.00 to $40.00 and gave the stock a “hold” rating in a research note on Friday, September 20th.

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.