First Financial Bankshares, Inc. $FFIN Stock Holdings Reduced by SG Americas Securities LLC

SG Americas Securities LLC reduced its position in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 83.3% during the 1st quarter, HoldingsChannel.com reports. The firm owned 69,827 shares of the bank’s stock after selling 347,365 shares during the quarter. SG Americas Securities LLC’s holdings in First Financial Bankshares were worth $2,056,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Rockefeller Capital Management L.P. lifted its holdings in shares of First Financial Bankshares by 2.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 13,147 shares of the bank’s stock valued at $393,000 after buying an additional 356 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in First Financial Bankshares in the fourth quarter worth approximately $44,000. Fuller & Thaler Asset Management Inc. increased its holdings in First Financial Bankshares by 9.6% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,125,375 shares of the bank’s stock worth $33,615,000 after buying an additional 98,134 shares during the last quarter. VARCOV Co. bought a new position in First Financial Bankshares during the fourth quarter valued at approximately $278,000. Finally, Voloridge Investment Management LLC raised its position in First Financial Bankshares by 174.3% during the fourth quarter. Voloridge Investment Management LLC now owns 478,470 shares of the bank’s stock valued at $14,292,000 after acquiring an additional 304,053 shares in the last quarter. 69.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on FFIN. Benchmark began coverage on shares of First Financial Bankshares in a research note on Wednesday, June 24th. They set a “buy” rating and a $39.00 price target on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of First Financial Bankshares in a report on Wednesday, April 8th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of First Financial Bankshares from $36.00 to $34.00 and set a “market perform” rating on the stock in a research report on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $37.75.

Insider Activity at First Financial Bankshares

In other news, Director Murray Hamilton Edwards acquired 1,000 shares of the firm’s stock in a transaction dated Thursday, June 11th. The shares were bought at an average price of $33.18 per share, with a total value of $33,180.00. Following the acquisition, the director owned 44,634 shares of the company’s stock, valued at $1,480,956.12. This trade represents a 2.29% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.80% of the company’s stock.

First Financial Bankshares Trading Up 2.5%

Shares of FFIN stock opened at $35.45 on Thursday. First Financial Bankshares, Inc. has a 1 year low of $28.11 and a 1 year high of $38.74. The firm’s fifty day simple moving average is $32.69 and its 200 day simple moving average is $31.84. The firm has a market capitalization of $5.08 billion, a P/E ratio of 19.27 and a beta of 0.81.

First Financial Bankshares (NASDAQ:FFIN) last posted its quarterly earnings results on Friday, April 17th. The bank reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.03. First Financial Bankshares had a net margin of 31.00% and a return on equity of 14.20%. The company had revenue of $166.89 million for the quarter, compared to analyst estimates of $166.78 million. During the same period last year, the business posted $0.43 EPS. Equities research analysts anticipate that First Financial Bankshares, Inc. will post 2.04 EPS for the current fiscal year.

First Financial Bankshares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Friday, June 12th were issued a $0.22 dividend. This is a positive change from First Financial Bankshares’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Friday, June 12th. This represents a $0.88 annualized dividend and a yield of 2.5%. First Financial Bankshares’s payout ratio is currently 47.83%.

About First Financial Bankshares

First Financial Bankshares, Inc is a regional bank holding company headquartered in Cincinnati, Ohio. Through its primary subsidiary, First Financial Bank, the company offers a full suite of banking products and services to individual, small business and commercial clients. With roots dating back to 1863, First Financial has cultivated a strong community banking heritage, combining personalized service with modern financial solutions.

The company’s core business activities include commercial and consumer lending, deposit products, treasury management, mortgage origination and servicing, and wealth management.