Amalgamated Bank Has $2.02 Million Stock Holdings in First Financial Bankshares, Inc. (NASDAQ:FFIN)

Amalgamated Bank trimmed its holdings in First Financial Bankshares, Inc. (NASDAQ:FFINFree Report) by 5.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80,418 shares of the bank’s stock after selling 4,582 shares during the quarter. Amalgamated Bank owned about 0.06% of First Financial Bankshares worth $2,020,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Massmutual Trust Co. FSB ADV lifted its stake in shares of First Financial Bankshares by 356.3% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,241 shares of the bank’s stock valued at $31,000 after purchasing an additional 969 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of First Financial Bankshares in the 3rd quarter valued at about $40,000. Dark Forest Capital Management LP raised its stake in First Financial Bankshares by 200.9% during the 1st quarter. Dark Forest Capital Management LP now owns 2,022 shares of the bank’s stock worth $65,000 after buying an additional 1,350 shares during the period. Signaturefd LLC raised its stake in First Financial Bankshares by 35.6% during the 3rd quarter. Signaturefd LLC now owns 2,676 shares of the bank’s stock worth $67,000 after buying an additional 703 shares during the period. Finally, Covestor Ltd raised its stake in First Financial Bankshares by 11.3% during the 2nd quarter. Covestor Ltd now owns 3,228 shares of the bank’s stock worth $92,000 after buying an additional 329 shares during the period. 54.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on FFIN shares. Keefe, Bruyette & Woods upped their price target on First Financial Bankshares from $30.00 to $31.00 and gave the stock a “market perform” rating in a research note on Friday, January 26th. Stephens upped their price target on First Financial Bankshares from $30.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Friday, January 26th. Finally, Truist Financial upped their price target on First Financial Bankshares from $31.00 to $35.00 and gave the stock a “hold” rating in a research note on Tuesday, January 30th. One research analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. According to MarketBeat, First Financial Bankshares presently has an average rating of “Hold” and an average price target of $31.00.

Read Our Latest Report on FFIN

First Financial Bankshares Stock Up 0.9 %

Shares of First Financial Bankshares stock opened at $31.93 on Tuesday. The company has a market cap of $4.56 billion, a PE ratio of 22.81 and a beta of 0.82. First Financial Bankshares, Inc. has a 52 week low of $22.84 and a 52 week high of $38.24. The business has a 50 day moving average price of $29.90 and a 200-day moving average price of $28.00.

First Financial Bankshares (NASDAQ:FFINGet Free Report) last issued its quarterly earnings data on Thursday, January 25th. The bank reported $0.32 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.02). The company had revenue of $119.49 million during the quarter, compared to analysts’ expectations of $125.09 million. First Financial Bankshares had a return on equity of 15.00% and a net margin of 31.28%. The business’s revenue for the quarter was down 9.9% compared to the same quarter last year. During the same period last year, the company earned $0.41 earnings per share. As a group, research analysts anticipate that First Financial Bankshares, Inc. will post 1.45 EPS for the current year.

First Financial Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 15th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend is Thursday, March 14th. First Financial Bankshares’s dividend payout ratio (DPR) is presently 51.43%.

About First Financial Bankshares

(Free Report)

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.

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

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