First Financial Bankshares, Inc. (NASDAQ:FFIN) Shares Bought by Numerai GP LLC

Numerai GP LLC lifted its holdings in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) by 1.8% in the fourth quarter, HoldingsChannel reports. The firm owned 18,033 shares of the bank’s stock after acquiring an additional 312 shares during the period. Numerai GP LLC’s holdings in First Financial Bankshares were worth $650,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Assetmark Inc. purchased a new position in shares of First Financial Bankshares during the 4th quarter worth approximately $33,000. R Squared Ltd purchased a new position in shares of First Financial Bankshares during the 4th quarter worth approximately $88,000. Harvest Fund Management Co. Ltd increased its stake in shares of First Financial Bankshares by 1,497.0% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 3,242 shares of the bank’s stock worth $118,000 after purchasing an additional 3,039 shares in the last quarter. US Bancorp DE increased its stake in shares of First Financial Bankshares by 7.4% during the 4th quarter. US Bancorp DE now owns 5,396 shares of the bank’s stock worth $195,000 after purchasing an additional 370 shares in the last quarter. Finally, KBC Group NV increased its stake in shares of First Financial Bankshares by 50.5% during the 4th quarter. KBC Group NV now owns 5,422 shares of the bank’s stock worth $195,000 after purchasing an additional 1,819 shares in the last quarter. 69.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FFIN has been the subject of a number of recent research reports. Hovde Group dropped their price objective on shares of First Financial Bankshares from $40.00 to $38.00 and set a “market perform” rating for the company in a research note on Monday, April 21st. Keefe, Bruyette & Woods decreased their target price on shares of First Financial Bankshares from $38.00 to $36.00 and set a “market perform” rating on the stock in a research report on Monday, April 21st.

Insider Buying and Selling at First Financial Bankshares

In related news, Director Johnny Trotter purchased 6,000 shares of the firm’s stock in a transaction on Wednesday, March 12th. The shares were bought at an average price of $35.12 per share, for a total transaction of $210,720.00. Following the acquisition, the director now directly owns 949,371 shares in the company, valued at $33,341,909.52. This trade represents a 0.64% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders have purchased a total of 7,099 shares of company stock worth $247,751 in the last quarter. 4.22% of the stock is owned by insiders.

First Financial Bankshares Stock Performance

Shares of NASDAQ FFIN opened at $35.66 on Thursday. First Financial Bankshares, Inc. has a 1 year low of $27.62 and a 1 year high of $44.66. The firm’s 50 day moving average price is $34.25 and its 200 day moving average price is $36.89. The firm has a market cap of $5.10 billion, a P/E ratio of 22.86 and a beta of 0.89.

First Financial Bankshares (NASDAQ:FFIN) last announced its quarterly earnings results on Thursday, April 17th. The bank reported $0.43 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.43. The company had revenue of $149.02 million for the quarter, compared to analyst estimates 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 analysts predict that First Financial Bankshares, Inc. will post 1.78 EPS for the current year.

First Financial Bankshares Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 16th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date is Monday, June 16th. This is a positive change from First Financial Bankshares’s previous quarterly dividend of $0.18. First Financial Bankshares’s dividend payout ratio (DPR) is 46.91%.

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.