Vista Finance LLC Takes $777,000 Position in First Financial Bankshares, Inc. (NASDAQ:FFIN)

Vista Finance LLC bought a new stake in First Financial Bankshares, Inc. (NASDAQ:FFIN) in the third quarter, Holdings Channel.com reports. The firm bought 20,991 shares of the bank’s stock, valued at approximately $777,000. First Financial Bankshares makes up about 1.1% of Vista Finance LLC’s holdings, making the stock its 17th biggest position.

A number of other hedge funds have also modified their holdings of FFIN. Olistico Wealth LLC acquired a new stake in shares of First Financial Bankshares in the second quarter valued at about $29,000. Hexagon Capital Partners LLC increased its position in First Financial Bankshares by 81.1% during the first quarter. Hexagon Capital Partners LLC now owns 927 shares of the bank’s stock worth $30,000 after purchasing an additional 415 shares during the last quarter. Neo Ivy Capital Management acquired a new stake in First Financial Bankshares during the second quarter worth about $41,000. Quarry LP acquired a new stake in First Financial Bankshares during the second quarter worth about $83,000. Finally, Point72 DIFC Ltd acquired a new stake in First Financial Bankshares during the second quarter worth about $97,000. 69.78% of the stock is currently owned by institutional investors and hedge funds.

First Financial Bankshares Stock Down 0.8 %

FFIN stock traded down $0.31 during mid-day trading on Tuesday, hitting $36.50. 24,970 shares of the company were exchanged, compared to its average volume of 537,523. The firm has a market capitalization of $5.21 billion, a P/E ratio of 26.29 and a beta of 0.78. The business has a fifty day simple moving average of $36.66 and a 200-day simple moving average of $33.25. First Financial Bankshares, Inc. has a 12-month low of $23.69 and a 12-month high of $39.53.

Analyst Upgrades and Downgrades

FFIN has been the subject of several recent analyst reports. Truist Financial raised their price objective on shares of First Financial Bankshares from $39.00 to $40.00 and gave the stock a “hold” rating in a research report on Friday, September 20th. Stephens raised their price objective on shares of First Financial Bankshares from $37.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. Finally, Hovde Group increased their target price on shares of First Financial Bankshares from $34.50 to $40.00 and gave the stock a “market perform” rating in a research note on Monday, October 21st.

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.