Fmr LLC Has $4.20 Million Holdings in First Financial Bankshares, Inc. (NASDAQ:FFIN)

FMR LLC increased its position in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) by 71.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 113,407 shares of the bank's stock after acquiring an additional 47,417 shares during the period. FMR LLC owned approximately 0.08% of First Financial Bankshares worth $4,197,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of FFIN. Neo Ivy Capital Management acquired a new position in First Financial Bankshares during the second quarter worth about $41,000. Quarry LP acquired a new position in First Financial Bankshares during the second quarter worth about $83,000. Huntington National Bank increased its stake in First Financial Bankshares by 32.2% in the 3rd quarter. Huntington National Bank now owns 2,369 shares of the bank's stock worth $88,000 after purchasing an additional 577 shares in the last quarter. Point72 DIFC Ltd purchased a new position in First Financial Bankshares in the 2nd quarter worth about $97,000. Finally, Point72 Asset Management L.P. purchased a new position in First Financial Bankshares in the 2nd quarter worth about $118,000. 69.78% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Michael B. Denny sold 7,000 shares of First Financial Bankshares stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $41.12, for a total transaction of $287,840.00. Following the completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 4.22% of the stock is owned by corporate insiders.

First Financial Bankshares Trading Up 0.0 %

NASDAQ:FFIN traded up $0.02 on Friday, hitting $40.47. 405,149 shares of the company's stock traded hands, compared to its average volume of 533,504. First Financial Bankshares, Inc. has a 1 year low of $27.06 and a 1 year high of $44.66. The firm has a 50-day moving average price of $39.48 and a 200-day moving average price of $35.62. The company has a market cap of $5.78 billion, a PE ratio of 27.91 and a beta of 0.81.

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

First Financial Bankshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be issued a dividend of $0.18 per share. The ex-dividend date is Friday, December 13th. This represents a $0.72 annualized dividend and a dividend yield of 1.78%. First Financial Bankshares's dividend payout ratio is 49.66%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on FFIN shares. Truist Financial lifted their price target on First Financial Bankshares from $39.00 to $40.00 and gave the stock a "hold" rating in a research note on Friday, September 20th. Hovde Group lifted their price target on First Financial Bankshares from $34.50 to $40.00 and gave the stock a "market perform" rating in a research note on Monday, October 21st. Keefe, Bruyette & Woods lifted 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, December 4th. Finally, Stephens lifted their price target on First Financial Bankshares from $37.00 to $40.00 and gave the stock an "equal weight" rating in a research note on Friday, October 18th.

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.