International Assets Investment Management LLC Invests $2.97 Million in First Financial Bankshares, Inc. (NASDAQ:FFIN)

International Assets Investment Management LLC bought a new position in First Financial Bankshares, Inc. (NASDAQ:FFIN) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 89,840 shares of the bank’s stock, valued at approximately $2,965,000. International Assets Investment Management LLC owned 0.06% of First Financial Bankshares as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of FFIN. First Command Advisory Services Inc. purchased a new stake in shares of First Financial Bankshares during the third quarter worth $26,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of First Financial Bankshares during the third quarter worth $40,000. Dark Forest Capital Management LP raised its holdings in shares of First Financial Bankshares by 200.9% during the first quarter. Dark Forest Capital Management LP now owns 2,022 shares of the bank’s stock worth $65,000 after acquiring an additional 1,350 shares in the last quarter. Signaturefd LLC raised its holdings in shares of First Financial Bankshares by 35.6% during the third quarter. Signaturefd LLC now owns 2,676 shares of the bank’s stock worth $67,000 after acquiring an additional 703 shares in the last quarter. Finally, Chilton Capital Management LLC bought a new position in First Financial Bankshares during the first quarter valued at about $109,000. Institutional investors and hedge funds own 69.78% of the company’s stock.

First Financial Bankshares Stock Up 0.5 %

FFIN stock opened at $28.80 on Friday. First Financial Bankshares, Inc. has a twelve month low of $22.84 and a twelve month high of $33.15. The company has a market cap of $4.11 billion, a PE ratio of 20.57 and a beta of 0.82. The business’s 50-day simple moving average is $31.14 and its 200 day simple moving average is $28.81.

First Financial Bankshares (NASDAQ:FFIN) last released its earnings results on Thursday, January 25th. The bank reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). The firm had revenue of $119.49 million for the quarter, compared to analyst estimates of $125.09 million. First Financial Bankshares had a return on equity of 14.53% and a net margin of 31.28%. The firm’s quarterly revenue was down 9.9% compared to the same quarter last year. During the same period last year, the business earned $0.41 earnings per share. On average, equities research analysts anticipate that First Financial Bankshares, Inc. will post 1.45 EPS for the current year.

First Financial Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend was Thursday, March 14th. First Financial Bankshares’s payout ratio is 51.43%.

Wall Street Analyst Weigh In

Several research firms have weighed in on FFIN. Truist Financial cut their target price on First Financial Bankshares from $35.00 to $34.00 and set a “hold” rating on the stock in a report on Monday, April 1st. Stephens raised their target price on First Financial Bankshares from $30.00 to $32.00 and gave the company an “equal weight” rating in a report on Friday, January 26th. Finally, Keefe, Bruyette & Woods raised their target price on First Financial Bankshares from $30.00 to $31.00 and gave the company a “market perform” rating in a report on Friday, January 26th. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $30.75.

First Financial Bankshares Company 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.