Milestone Group Inc. boosted its holdings in shares of First Financial Bankshares Inc (NASDAQ:FFIN) by 100.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,986 shares of the bank’s stock after buying an additional 4,493 shares during the quarter. Milestone Group Inc.’s holdings in First Financial Bankshares were worth $277,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of FFIN. Quadrant Capital Group LLC lifted its position in First Financial Bankshares by 767.3% during the first quarter. Quadrant Capital Group LLC now owns 451 shares of the bank’s stock valued at $26,000 after purchasing an additional 399 shares during the period. First Command Financial Services Inc. lifted its position in First Financial Bankshares by 100.0% during the second quarter. First Command Financial Services Inc. now owns 1,048 shares of the bank’s stock valued at $32,000 after purchasing an additional 524 shares during the period. Advisory Services Network LLC lifted its position in First Financial Bankshares by 223.4% during the second quarter. Advisory Services Network LLC now owns 1,174 shares of the bank’s stock valued at $36,000 after purchasing an additional 811 shares during the period. Liberty Wealth Management LLC lifted its position in First Financial Bankshares by 100.0% during the second quarter. Liberty Wealth Management LLC now owns 1,260 shares of the bank’s stock valued at $39,000 after purchasing an additional 630 shares during the period. Finally, Ellis Investment Partners LLC acquired a new position in First Financial Bankshares during the first quarter valued at $117,000. 55.53% of the stock is currently owned by institutional investors.

FFIN traded down $0.83 on Wednesday, reaching $30.36. The stock had a trading volume of 9,127 shares, compared to its average volume of 723,763. First Financial Bankshares Inc has a 12-month low of $26.73 and a 12-month high of $33.43. The company has a 50-day moving average price of $31.08. The company has a market cap of $4.30 billion, a P/E ratio of 28.07 and a beta of 1.14.

First Financial Bankshares (NASDAQ:FFIN) last released its quarterly earnings data on Thursday, July 18th. The bank reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02. First Financial Bankshares had a net margin of 38.62% and a return on equity of 14.82%. The company had revenue of $101.26 million during the quarter, compared to analysts’ expectations of $99.90 million. During the same quarter in the previous year, the company earned $0.49 earnings per share. On average, equities analysts forecast that First Financial Bankshares Inc will post 1.2 EPS for the current fiscal year.

FFIN has been the subject of a number of research reports. Zacks Investment Research downgraded shares of First Financial Bankshares from a “buy” rating to a “hold” rating in a research report on Monday, July 22nd. BidaskClub downgraded shares of First Financial Bankshares from a “buy” rating to a “hold” rating in a research report on Friday, August 9th. ValuEngine downgraded shares of First Financial Bankshares from a “hold” rating to a “sell” rating in a research report on Tuesday, June 4th. Piper Jaffray Companies set a $27.00 target price on shares of First Financial Bankshares and gave the company a “hold” rating in a research report on Friday, July 19th. Finally, Stephens reaffirmed a “hold” rating and issued a $30.00 price objective on shares of First Financial Bankshares in a report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company. First Financial Bankshares has a consensus rating of “Hold” and a consensus target price of $30.25.

First Financial Bankshares Profile

First Financial Bankshares, Inc, through its subsidiaries, provides commercial banking products and services primarily in Texas. The company accepts checking, savings, and time deposits; and offers real estate, commercial, agricultural, and consumer loans to businesses, professionals, individuals, and farm and ranch operations.

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Institutional Ownership by Quarter for First Financial Bankshares (NASDAQ:FFIN)

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