First Financial Bankshares, Inc. (NASDAQ:FFIN) Shares Bought by Numerai GP LLC

Numerai GP LLC raised its stake in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,033 shares of the bank’s stock after acquiring an additional 312 shares during the period. Numerai GP LLC’s holdings in First Financial Bankshares were worth $650,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Federated Hermes Inc. raised its holdings in shares of First Financial Bankshares by 2.3% in the fourth quarter. Federated Hermes Inc. now owns 13,313 shares of the bank’s stock valued at $480,000 after buying an additional 295 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of First Financial Bankshares by 0.9% in the fourth quarter. Arizona State Retirement System now owns 35,263 shares of the bank’s stock valued at $1,271,000 after buying an additional 302 shares during the last quarter. Kingsview Wealth Management LLC raised its holdings in shares of First Financial Bankshares by 1.2% in the fourth quarter. Kingsview Wealth Management LLC now owns 26,649 shares of the bank’s stock valued at $961,000 after buying an additional 312 shares during the last quarter. US Bancorp DE raised its holdings in shares of First Financial Bankshares by 7.4% in the fourth quarter. US Bancorp DE now owns 5,396 shares of the bank’s stock valued at $195,000 after buying an additional 370 shares during the last quarter. Finally, Pacer Advisors Inc. raised its holdings in shares of First Financial Bankshares by 2.3% in the fourth quarter. Pacer Advisors Inc. now owns 19,170 shares of the bank’s stock valued at $691,000 after buying an additional 432 shares during the last quarter. 69.78% of the stock is owned by hedge funds and other institutional investors.

First Financial Bankshares Stock Down 0.8%

NASDAQ FFIN opened at $35.66 on Thursday. The stock has a market capitalization of $5.10 billion, a P/E ratio of 22.86 and a beta of 0.89. First Financial Bankshares, Inc. has a 52-week low of $27.62 and a 52-week high of $44.66. The firm has a 50-day moving average price of $34.25 and a 200 day moving average price of $36.89.

First Financial Bankshares (NASDAQ:FFIN) last posted its quarterly earnings results on Thursday, April 17th. The bank reported $0.43 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.43. The firm had revenue of $149.02 million during the quarter, compared to analysts’ expectations of $149.48 million. First Financial Bankshares had a net margin of 29.69% and a return on equity of 14.24%. On average, equities research analysts expect that First Financial Bankshares, Inc. will post 1.78 earnings per share for the current fiscal year.

First Financial Bankshares Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 16th will be issued a dividend of $0.19 per share. This is a boost from First Financial Bankshares’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a yield of 2.13%. The ex-dividend date is Monday, June 16th. First Financial Bankshares’s dividend payout ratio is currently 46.91%.

Insiders Place Their Bets

In related news, Director Johnny Trotter bought 6,000 shares of the stock in a transaction on Wednesday, March 12th. The shares were bought at an average cost of $35.12 per share, for a total transaction of $210,720.00. Following the completion of the transaction, the director now owns 949,371 shares of the company’s stock, valued at $33,341,909.52. This represents a 0.64% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders have purchased 7,099 shares of company stock worth $247,751. 4.22% of the stock is owned by company insiders.

Analyst Ratings Changes

FFIN has been the subject of a number of research reports. Hovde Group reduced their target price on shares of First Financial Bankshares from $40.00 to $38.00 and set a “market perform” rating for the company in a report on Monday, April 21st. Keefe, Bruyette & Woods reduced their target price on shares of First Financial Bankshares from $38.00 to $36.00 and set a “market perform” rating for the company in a report on Monday, April 21st.

First Financial Bankshares 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.