First Financial Bankshares, Inc. $FFIN Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC boosted its position in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 3,204.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 417,192 shares of the bank’s stock after buying an additional 404,566 shares during the quarter. SG Americas Securities LLC owned approximately 0.29% of First Financial Bankshares worth $12,462,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of FFIN. Kingsview Wealth Management LLC grew its position in shares of First Financial Bankshares by 1.2% in the 3rd quarter. Kingsview Wealth Management LLC now owns 27,059 shares of the bank’s stock worth $911,000 after acquiring an additional 321 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of First Financial Bankshares by 20.3% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,320 shares of the bank’s stock valued at $78,000 after acquiring an additional 392 shares during the last quarter. Covestor Ltd raised its position in shares of First Financial Bankshares by 14.0% during the 3rd quarter. Covestor Ltd now owns 3,255 shares of the bank’s stock valued at $110,000 after acquiring an additional 399 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of First Financial Bankshares by 24.3% during the 3rd quarter. Smartleaf Asset Management LLC now owns 2,064 shares of the bank’s stock valued at $70,000 after acquiring an additional 403 shares in the last quarter. Finally, Quarry LP lifted its stake in First Financial Bankshares by 66.3% during the third quarter. Quarry LP now owns 1,026 shares of the bank’s stock worth $35,000 after purchasing an additional 409 shares during the last quarter. Institutional investors and hedge funds own 69.78% of the company’s stock.

Insider Buying and Selling

In other news, Director Geoff Haney purchased 1,500 shares of First Financial Bankshares stock in a transaction dated Thursday, March 12th. The stock was bought at an average price of $29.18 per share, with a total value of $43,770.00. Following the completion of the acquisition, the director owned 33,646 shares in the company, valued at $981,790.28. The trade was a 4.67% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sally Pope Davis purchased 1,800 shares of the stock in a transaction dated Friday, March 6th. The shares were purchased at an average price of $29.52 per share, with a total value of $53,136.00. Following the transaction, the director directly owned 10,371 shares of the company’s stock, valued at approximately $306,151.92. The trade was a 21.00% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 21,629 shares of company stock valued at $681,060 in the last three months. 3.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed 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 MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $38.00.

First Financial Bankshares Stock Down 1.8%

Shares of NASDAQ FFIN opened at $28.99 on Friday. The firm’s 50-day moving average price is $31.66 and its two-hundred day moving average price is $31.90. First Financial Bankshares, Inc. has a 52-week low of $28.11 and a 52-week high of $38.74. The stock has a market capitalization of $4.15 billion, a P/E ratio of 16.38 and a beta of 0.83.

First Financial Bankshares (NASDAQ:FFIN) last posted its earnings results on Friday, January 23rd. The bank reported $0.51 EPS for the quarter, beating the consensus estimate of $0.48 by $0.03. The company had revenue of $164.72 million during the quarter, compared to analyst estimates of $165.70 million. First Financial Bankshares had a return on equity of 14.16% and a net margin of 30.43%.The business’s revenue was up 13.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.43 earnings per share. As a group, equities research analysts expect that First Financial Bankshares, Inc. will post 1.78 earnings per share for the current year.

First Financial Bankshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Friday, March 13th. First Financial Bankshares’s dividend payout ratio (DPR) is presently 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.