89,870 Shares in First Financial Bankshares, Inc. $FFIN Acquired by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL bought a new stake in First Financial Bankshares, Inc. (NASDAQ:FFIN) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 89,870 shares of the bank’s stock, valued at approximately $3,024,000. Tudor Investment Corp ET AL owned about 0.06% of First Financial Bankshares as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Norges Bank bought a new stake in First Financial Bankshares in the second quarter worth $57,680,000. Bank of America Corp DE boosted its stake in shares of First Financial Bankshares by 31.8% during the 3rd quarter. Bank of America Corp DE now owns 1,290,749 shares of the bank’s stock worth $43,434,000 after acquiring an additional 311,628 shares in the last quarter. Invesco Ltd. increased its holdings in shares of First Financial Bankshares by 3.9% during the 3rd quarter. Invesco Ltd. now owns 1,144,070 shares of the bank’s stock valued at $38,498,000 after acquiring an additional 43,042 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of First Financial Bankshares by 314.0% during the 2nd quarter. AQR Capital Management LLC now owns 490,284 shares of the bank’s stock valued at $17,640,000 after acquiring an additional 371,847 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of First Financial Bankshares by 40.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 472,557 shares of the bank’s stock valued at $15,902,000 after acquiring an additional 135,804 shares in the last quarter. Institutional investors and hedge funds own 69.78% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of First Financial Bankshares in a report on Friday, January 9th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $38.00.

Insider Transactions at First Financial Bankshares

In other news, Director Sally Pope Davis purchased 1,800 shares of the business’s stock in a transaction on Friday, March 6th. The stock was purchased at an average price of $29.52 per share, with a total value of $53,136.00. Following the acquisition, the director directly owned 10,371 shares in the company, valued at approximately $306,151.92. The trade was a 21.00% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Johnny Trotter acquired 4,000 shares of First Financial Bankshares stock in a transaction on Thursday, March 5th. The stock was purchased at an average price of $30.02 per share, with a total value of $120,080.00. Following the transaction, the director directly owned 955,444 shares in the company, valued at approximately $28,682,428.88. This trade represents a 0.42% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have acquired 21,629 shares of company stock worth $681,060. 3.80% of the stock is currently owned by company insiders.

First Financial Bankshares Price Performance

Shares of First Financial Bankshares stock opened at $28.99 on Friday. The company has a market cap of $4.15 billion, a PE ratio of 16.38 and a beta of 0.83. The firm has a fifty day moving average price of $31.66 and a two-hundred day moving average price of $31.93. First Financial Bankshares, Inc. has a fifty-two week low of $28.11 and a fifty-two week high of $38.74.

First Financial Bankshares (NASDAQ:FFIN) last posted its quarterly earnings data on Friday, January 23rd. The bank reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.03. The company had revenue of $164.72 million for the quarter, compared to the consensus estimate of $165.70 million. First Financial Bankshares had a net margin of 30.43% and a return on equity of 14.16%. The business’s revenue was up 13.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.43 EPS. Analysts expect that First Financial Bankshares, Inc. will post 1.78 earnings per share for the current fiscal year.

First Financial Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 2.6%. The ex-dividend date is Friday, March 13th. First Financial Bankshares’s payout ratio is currently 42.94%.

First Financial Bankshares Profile

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.