First Financial Bankshares (NASDAQ:FFIN) Price Target Raised to $40.00 at Stephens

First Financial Bankshares (NASDAQ:FFIN) had its price target upped by Stephens from $37.00 to $40.00 in a report published on Friday, Benzinga reports. The firm currently has an equal weight rating on the bank’s stock.

Separately, Truist Financial increased their price target on First Financial Bankshares from $39.00 to $40.00 and gave the company a “hold” rating in a report on Friday, September 20th.

First Financial Bankshares Trading Down 3.6 %

Shares of FFIN opened at $37.02 on Friday. The business’s fifty day simple moving average is $36.49 and its two-hundred day simple moving average is $33.05. First Financial Bankshares has a 12 month low of $22.84 and a 12 month high of $39.53. The company has a market cap of $5.29 billion, a price-to-earnings ratio of 26.44 and a beta of 0.78.

Institutional Trading of First Financial Bankshares

Hedge funds have recently bought and sold shares of the stock. Strategic Financial Concepts LLC increased its position in shares of First Financial Bankshares by 3,632.9% during the second quarter. Strategic Financial Concepts LLC now owns 2,992,894 shares of the bank’s stock worth $884,000 after purchasing an additional 2,912,718 shares in the last quarter. Champlain Investment Partners LLC increased its position in shares of First Financial Bankshares by 27.6% during the first quarter. Champlain Investment Partners LLC now owns 3,334,349 shares of the bank’s stock worth $109,400,000 after purchasing an additional 720,820 shares in the last quarter. Vanguard Group Inc. increased its position in shares of First Financial Bankshares by 3.4% during the first 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 in the last quarter. Cubist Systematic Strategies LLC increased its position in shares of First Financial Bankshares by 10,296.3% during the second quarter. Cubist Systematic Strategies LLC now owns 189,732 shares of the bank’s stock worth $5,603,000 after purchasing an additional 187,907 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of First Financial Bankshares by 5.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,556,205 shares of the bank’s stock worth $75,482,000 after purchasing an additional 130,361 shares in the last quarter. Hedge funds and other institutional investors own 69.78% of the company’s stock.

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.