Fieldview Capital Management LLC Increases Stock Holdings in First Financial Bankshares, Inc. $FFIN

Fieldview Capital Management LLC increased its holdings in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 147.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,936 shares of the bank’s stock after acquiring an additional 32,718 shares during the quarter. Fieldview Capital Management LLC’s holdings in First Financial Bankshares were worth $1,641,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kingsview Wealth Management LLC grew its stake in First Financial Bankshares by 1.2% in the third quarter. Kingsview Wealth Management LLC now owns 27,059 shares of the bank’s stock worth $911,000 after purchasing an additional 321 shares during the period. Signaturefd LLC grew its stake in First Financial Bankshares by 6.2% in the fourth quarter. Signaturefd LLC now owns 5,863 shares of the bank’s stock worth $175,000 after purchasing an additional 344 shares during the period. Ballentine Partners LLC grew its stake in First Financial Bankshares by 3.0% in the fourth quarter. Ballentine Partners LLC now owns 13,482 shares of the bank’s stock worth $403,000 after purchasing an additional 391 shares during the period. EverSource Wealth Advisors LLC grew its stake in First Financial Bankshares by 20.3% in the third quarter. EverSource Wealth Advisors LLC now owns 2,320 shares of the bank’s stock worth $78,000 after purchasing an additional 392 shares during the period. Finally, Smartleaf Asset Management LLC grew its stake in First Financial Bankshares by 24.3% in the third quarter. Smartleaf Asset Management LLC now owns 2,064 shares of the bank’s stock worth $70,000 after purchasing an additional 403 shares during the period. Hedge funds and other institutional investors own 69.78% of the company’s stock.

First Financial Bankshares Stock Performance

NASDAQ FFIN opened at $33.65 on Monday. First Financial Bankshares, Inc. has a 12 month low of $28.11 and a 12 month high of $38.74. The stock has a market cap of $4.82 billion, a P/E ratio of 18.29 and a beta of 0.83. The stock’s fifty day moving average price is $31.98 and its 200-day moving average price is $31.62.

First Financial Bankshares (NASDAQ:FFIN) last released its earnings results on Friday, April 17th. The bank reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. First Financial Bankshares had a return on equity of 14.20% and a net margin of 31.00%.The firm had revenue of $166.89 million for the quarter, compared to analysts’ expectations of $166.78 million. During the same period in the prior year, the firm posted $0.43 earnings per share. As a group, 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 disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 12th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.6%. 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. First Financial Bankshares’s payout ratio is 47.83%.

Analyst Upgrades and Downgrades

FFIN has been the topic of several recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of First Financial Bankshares in a research note on Wednesday, April 8th. Keefe, Bruyette & Woods reduced their price target on First Financial Bankshares from $36.00 to $34.00 and set a “market perform” rating on the stock in a research note on Thursday, April 9th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, First Financial Bankshares currently has an average rating of “Hold” and an average price target of $37.33.

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.