Lindbrook Capital LLC Raises Position in First Financial Bankshares, Inc. (NASDAQ:FFIN)

Lindbrook Capital LLC lifted its stake in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 134.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 911 shares of the bank’s stock after purchasing an additional 523 shares during the period. Lindbrook Capital LLC’s holdings in First Financial Bankshares were worth $28,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FFIN. First Command Advisory Services Inc. acquired a new stake in shares of First Financial Bankshares in the third quarter valued at about $26,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of First Financial Bankshares in the third quarter valued at about $40,000. Signaturefd LLC lifted its stake in shares of 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 purchasing an additional 703 shares during the period. Headlands Technologies LLC acquired a new stake in shares of First Financial Bankshares in the third quarter valued at about $115,000. Finally, Briaud Financial Planning Inc acquired a new stake in shares of First Financial Bankshares in the third quarter valued at about $147,000. Institutional investors and hedge funds own 69.78% of the company’s stock.

First Financial Bankshares Trading Down 0.2 %

Shares of FFIN opened at $30.36 on Friday. The stock has a market cap of $4.33 billion, a P/E ratio of 21.69 and a beta of 0.82. The company has a 50-day moving average of $31.01 and a two-hundred day moving average of $29.06. First Financial Bankshares, Inc. has a 12-month low of $22.84 and a 12-month high of $33.15.

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 analysts’ consensus estimates of $0.35 by $0.02. The business had revenue of $129.63 million during 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%. The company’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.39 earnings per share. As a group, analysts forecast that First Financial Bankshares, Inc. will post 1.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on FFIN. Truist Financial reduced their price objective on shares of First Financial Bankshares from $34.00 to $32.00 and set a “hold” rating for the company in a research note on Monday, April 22nd. Stephens cut their target price on shares of First Financial Bankshares from $35.00 to $31.00 and set an “equal weight” rating for the company in a research report on Friday, April 19th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of First Financial Bankshares from $30.00 to $31.00 and gave the stock a “market perform” rating in a research report on Friday, January 26th. One equities research analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $31.33.

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.