17,754 Shares in First Financial Bankshares, Inc. (NASDAQ:FFIN) Bought by Centiva Capital LP

Centiva Capital LP purchased a new position in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 17,754 shares of the bank's stock, valued at approximately $657,000.

Other hedge funds have also recently modified their holdings of the company. Strategic Financial Concepts LLC raised its holdings in First Financial Bankshares by 3,632.9% in the 2nd quarter. Strategic Financial Concepts LLC now owns 2,992,894 shares of the bank's stock worth $884,000 after purchasing an additional 2,912,718 shares during the period. Champlain Investment Partners LLC raised its stake in shares of First Financial Bankshares by 6.8% in the third quarter. Champlain Investment Partners LLC now owns 3,516,329 shares of the bank's stock worth $130,139,000 after buying an additional 223,640 shares during the period. Emerald Advisers LLC purchased a new position in shares of First Financial Bankshares during the 3rd quarter valued at about $8,235,000. Cubist Systematic Strategies LLC grew its stake in shares of First Financial Bankshares by 10,296.3% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 189,732 shares of the bank's stock valued at $5,603,000 after acquiring an additional 187,907 shares during the period. Finally, Natixis Advisors LLC increased its holdings in First Financial Bankshares by 37.5% in the 3rd quarter. Natixis Advisors LLC now owns 613,381 shares of the bank's stock worth $22,701,000 after acquiring an additional 167,433 shares in the last quarter. Institutional investors own 69.78% of the company's stock.

First Financial Bankshares Price Performance

Shares of FFIN stock traded down $0.03 during mid-day trading on Friday, hitting $40.91. The company had a trading volume of 247,333 shares, compared to its average volume of 459,820. The stock's 50 day moving average price is $39.01 and its 200-day moving average price is $35.28. First Financial Bankshares, Inc. has a 52-week low of $26.54 and a 52-week high of $44.66. The company has a market capitalization of $5.85 billion, a P/E ratio of 28.21 and a beta of 0.81.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last announced its quarterly earnings results on Thursday, October 17th. The bank reported $0.39 EPS for the quarter, hitting the consensus estimate of $0.39. The business had revenue of $142.10 million for the quarter, compared to analysts' expectations of $140.25 million. First Financial Bankshares had a net margin of 28.76% and a return on equity of 13.43%. On average, equities research analysts expect that First Financial Bankshares, Inc. will post 1.52 earnings per share for the current year.

First Financial Bankshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 13th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend is Friday, December 13th. First Financial Bankshares's payout ratio is presently 49.66%.

Insider Buying and Selling at First Financial Bankshares

In other news, Director Michael B. Denny sold 7,000 shares of the business's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $41.12, for a total value of $287,840.00. Following the sale, the director now directly owns 101,085 shares in the company, valued at $4,156,615.20. The trade was a 6.48 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 4.22% of the stock is currently owned by company insiders.

Analyst Ratings Changes

FFIN has been the topic of several analyst reports. Hovde Group lifted their price target on shares of First Financial Bankshares from $34.50 to $40.00 and gave the company a "market perform" rating in a report on Monday, October 21st. Stephens lifted their target price on shares of First Financial Bankshares from $37.00 to $40.00 and gave the company an "equal weight" rating in a research note on Friday, October 18th. Keefe, Bruyette & Woods increased their price target on First Financial Bankshares from $36.00 to $40.00 and gave the stock a "market perform" rating in a research note on Wednesday. Finally, Truist Financial raised their price target on First Financial Bankshares from $39.00 to $40.00 and gave the company a "hold" rating in a report on Friday, September 20th.

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.