22,779 Shares in First Financial Bankshares, Inc. (NASDAQ:FFIN) Bought by Dark Forest Capital Management LP

Dark Forest Capital Management LP bought a new stake in First Financial Bankshares, Inc. (NASDAQ:FFIN) during the fourth quarter, HoldingsChannel.com reports. The firm bought 22,779 shares of the bank’s stock, valued at approximately $821,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tower Research Capital LLC TRC increased its holdings in shares of First Financial Bankshares by 164.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 14,944 shares of the bank’s stock worth $539,000 after buying an additional 9,290 shares in the last quarter. MetLife Investment Management LLC increased its stake in shares of First Financial Bankshares by 7.7% in the fourth quarter. MetLife Investment Management LLC now owns 148,742 shares of the bank’s stock valued at $5,362,000 after buying an additional 10,614 shares during the period. Dimensional Fund Advisors LP raised its holdings in First Financial Bankshares by 1.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,572,218 shares of the bank’s stock valued at $92,733,000 after buying an additional 42,280 shares during the last quarter. First Trust Advisors LP raised its holdings in First Financial Bankshares by 14.6% in the 4th quarter. First Trust Advisors LP now owns 256,253 shares of the bank’s stock valued at $9,238,000 after buying an additional 32,690 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in First Financial Bankshares during the 4th quarter worth approximately $887,000. Institutional investors own 69.78% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Hovde Group decreased their price target on shares of First Financial Bankshares from $40.00 to $38.00 and set a “market perform” rating for the company in a research report on Monday. Keefe, Bruyette & Woods lowered their target price on First Financial Bankshares from $38.00 to $36.00 and set a “market perform” rating for the company in a research report on Monday.

First Financial Bankshares Stock Performance

First Financial Bankshares stock opened at $33.78 on Friday. The firm has a market cap of $4.83 billion, a price-to-earnings ratio of 21.65 and a beta of 0.82. First Financial Bankshares, Inc. has a 52-week low of $27.62 and a 52-week high of $44.66. The firm has a 50 day moving average price of $34.97 and a two-hundred day moving average price of $37.16.

First Financial Bankshares (NASDAQ:FFIN) last announced its earnings results on Thursday, April 17th. The bank reported $0.43 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.43. The business had revenue of $149.02 million during the quarter, compared to the consensus estimate of $149.48 million. First Financial Bankshares had a net margin of 29.69% and a return on equity of 14.24%. As a group, equities research analysts predict that First Financial Bankshares, Inc. will post 1.78 EPS for the current fiscal year.

First Financial Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were given a dividend of $0.18 per share. The ex-dividend date was Friday, March 14th. This represents a $0.72 annualized dividend and a dividend yield of 2.13%. First Financial Bankshares’s payout ratio is 44.44%.

Insider Buying and Selling

In related news, Director Johnny Trotter bought 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average cost of $35.12 per share, with a total value of $210,720.00. Following the completion of the purchase, the director now directly owns 949,371 shares in the company, valued at $33,341,909.52. The trade was a 0.64 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders acquired 7,041 shares of company stock valued at $247,992 over the last 90 days. Company insiders own 4.22% of the company’s stock.

First Financial Bankshares 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.