Excelsior Advisor Network LLC Invests $6.90 Million in First Financial Bankshares, Inc. $FFIN

Excelsior Advisor Network LLC purchased a new stake in First Financial Bankshares, Inc. (NASDAQ:FFIN) during the 1st quarter, Holdings Channel reports. The institutional investor purchased 234,392 shares of the bank’s stock, valued at approximately $6,903,000. First Financial Bankshares comprises approximately 2.6% of Excelsior Advisor Network LLC’s holdings, making the stock its 4th largest holding.

A number of other large investors have also recently added to or reduced their stakes in FFIN. Royal Bank of Canada raised its stake in shares of First Financial Bankshares by 10.8% in the 1st quarter. Royal Bank of Canada now owns 64,287 shares of the bank’s stock valued at $2,309,000 after purchasing an additional 6,290 shares in the last quarter. AQR Capital Management LLC lifted its holdings in First Financial Bankshares by 51.3% during the 1st quarter. AQR Capital Management LLC now owns 118,437 shares of the bank’s stock worth $4,228,000 after buying an additional 40,173 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of First Financial Bankshares by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 77,474 shares of the bank’s stock worth $2,783,000 after acquiring an additional 3,382 shares in the last quarter. Empowered Funds LLC acquired a new position in shares of First Financial Bankshares in the 1st quarter worth approximately $1,760,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of First Financial Bankshares by 17.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 396,513 shares of the bank’s stock valued at $14,243,000 after acquiring an additional 59,416 shares during the last quarter. 69.78% of the stock is currently owned by institutional investors.

Insider Buying and Selling at First Financial Bankshares

In related news, Director Murray Hamilton Edwards purchased 1,000 shares of First Financial Bankshares stock in a transaction dated Thursday, June 11th. The stock was bought at an average cost of $33.18 per share, with a total value of $33,180.00. Following the purchase, the director owned 44,634 shares in the company, valued at approximately $1,480,956.12. The trade was a 2.29% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 3.80% of the company’s stock.

Wall Street Analyst Weigh In

FFIN has been the topic of several research analyst reports. Keefe, Bruyette & Woods reduced their price objective on First Financial Bankshares from $36.00 to $34.00 and set a “market perform” rating on the stock in a research note on Thursday, April 9th. Cantor Fitzgerald restated a “neutral” rating and issued a $35.00 price target (up from $34.00) on shares of First Financial Bankshares in a research report on Wednesday, July 15th. Benchmark assumed coverage on shares of First Financial Bankshares in a research report on Wednesday, June 24th. They set a “buy” rating and a $39.00 price objective for the company. Finally, Weiss Ratings raised shares of First Financial Bankshares from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $36.75.

First Financial Bankshares Stock Performance

Shares of FFIN opened at $34.44 on Tuesday. First Financial Bankshares, Inc. has a one year low of $28.11 and a one year high of $38.12. The stock’s fifty day moving average is $33.70 and its 200-day moving average is $32.34. The firm has a market capitalization of $4.93 billion, a price-to-earnings ratio of 18.42 and a beta of 0.81.

First Financial Bankshares (NASDAQ:FFIN) last posted its quarterly earnings data on Thursday, July 16th. The bank reported $0.50 earnings per share for the quarter, hitting the consensus estimate of $0.50. The business had revenue of $172.76 million during the quarter, compared to the consensus estimate of $173.03 million. First Financial Bankshares had a net margin of 31.03% and a return on equity of 14.00%. During the same quarter in the prior year, the company posted $0.47 earnings per share. Analysts forecast that First Financial Bankshares, Inc. will post 2.04 EPS for the current fiscal year.

First Financial Bankshares Profile

First Financial Bankshares, Inc is a regional bank holding company headquartered in Cincinnati, Ohio. Through its primary subsidiary, First Financial Bank, the company offers a full suite of banking products and services to individual, small business and commercial clients. With roots dating back to 1863, First Financial has cultivated a strong community banking heritage, combining personalized service with modern financial solutions.

The company’s core business activities include commercial and consumer lending, deposit products, treasury management, mortgage origination and servicing, and wealth management.