King Luther Capital Management Corp Increases Position in First Financial Bankshares, Inc. $FFIN

King Luther Capital Management Corp raised its position in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 741.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 126,216 shares of the bank’s stock after purchasing an additional 111,216 shares during the quarter. King Luther Capital Management Corp’s holdings in First Financial Bankshares were worth $3,770,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its position in shares of First Financial Bankshares by 10.8% during the first quarter. Royal Bank of Canada now owns 64,287 shares of the bank’s stock worth $2,309,000 after purchasing an additional 6,290 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of First Financial Bankshares by 51.3% during the first quarter. AQR Capital Management LLC now owns 118,437 shares of the bank’s stock worth $4,228,000 after purchasing an additional 40,173 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of First Financial Bankshares by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 77,474 shares of the bank’s stock worth $2,783,000 after purchasing an additional 3,382 shares in the last quarter. Empowered Funds LLC acquired a new stake in shares of First Financial Bankshares during the first quarter worth about $1,760,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of First Financial Bankshares by 17.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 396,513 shares of the bank’s stock worth $14,243,000 after purchasing an additional 59,416 shares in the last quarter. Hedge funds and other institutional investors own 69.78% of the company’s stock.

First Financial Bankshares Trading Up 0.7%

First Financial Bankshares stock opened at $32.70 on Friday. The stock has a market cap of $4.69 billion, a P/E ratio of 17.77 and a beta of 0.83. The company has a fifty day simple moving average of $31.22 and a 200-day simple moving average of $31.47. First Financial Bankshares, Inc. has a 12-month low of $28.11 and a 12-month high of $38.74.

First Financial Bankshares (NASDAQ:FFIN) last released its quarterly earnings data 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. The business had revenue of $166.89 million during the quarter, compared to analysts’ expectations of $166.78 million. First Financial Bankshares had a net margin of 31.00% and a return on equity of 14.20%. During the same period in the previous year, the company earned $0.43 EPS. As a group, sell-side analysts forecast that First Financial Bankshares, Inc. will post 2.04 earnings per share for the current fiscal year.

First Financial Bankshares Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th will be given a dividend of $0.22 per share. This is a boost from First Financial Bankshares’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Friday, June 12th. This represents a $0.88 annualized dividend and a dividend yield of 2.7%. First Financial Bankshares’s dividend payout ratio is 41.30%.

Analyst Ratings Changes

Several brokerages have recently issued reports on FFIN. Weiss Ratings reissued a “hold (c)” rating on shares of First Financial Bankshares in a research report on Wednesday, April 8th. Keefe, Bruyette & Woods cut their price objective on 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 investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $37.33.

Insider Buying and Selling at First Financial Bankshares

In other First Financial Bankshares news, Director Geoff Haney bought 1,500 shares of the business’s stock in a transaction dated Thursday, March 12th. The shares were acquired at an average price of $29.18 per share, with a total value of $43,770.00. Following the transaction, the director owned 33,646 shares of the company’s stock, valued at approximately $981,790.28. The trade was a 4.67% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Sally Pope Davis bought 1,800 shares of the business’s stock in a transaction dated Friday, March 6th. The shares were acquired at an average cost of $29.52 per share, for a total transaction of $53,136.00. Following the transaction, the director directly owned 10,371 shares in the company, valued at approximately $306,151.92. This represents a 21.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have acquired 10,964 shares of company stock worth $326,287. 3.80% of the stock is currently owned by corporate insiders.

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.