First Financial Bankshares, Inc. (NASDAQ:FFIN) Shares Acquired by Holocene Advisors LP

Holocene Advisors LP increased its holdings in First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) by 367.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 79,084 shares of the bank's stock after buying an additional 62,183 shares during the period. Holocene Advisors LP owned about 0.06% of First Financial Bankshares worth $2,927,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. SG Americas Securities LLC lifted its stake in shares of First Financial Bankshares by 480.0% during the 2nd quarter. SG Americas Securities LLC now owns 39,602 shares of the bank's stock worth $1,169,000 after purchasing an additional 32,774 shares during the last quarter. Diversified Trust Co lifted its position in shares of First Financial Bankshares by 3.0% during the second quarter. Diversified Trust Co now owns 29,297 shares of the bank's stock valued at $865,000 after buying an additional 865 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of First Financial Bankshares by 6.4% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 17,537 shares of the bank's stock valued at $518,000 after buying an additional 1,050 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of First Financial Bankshares by 6.3% in the 2nd quarter. Blue Trust Inc. now owns 27,067 shares of the bank's stock valued at $888,000 after buying an additional 1,597 shares in the last quarter. Finally, Raymond James & Associates grew its position in shares of First Financial Bankshares by 17.4% in the 2nd quarter. Raymond James & Associates now owns 78,896 shares of the bank's stock worth $2,330,000 after buying an additional 11,701 shares during the last quarter. Hedge funds and other institutional investors own 69.78% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on FFIN. Hovde Group increased their target price on shares of First Financial Bankshares from $34.50 to $40.00 and gave the company a "market perform" rating in a research report on Monday, October 21st. Truist Financial increased their price objective on First Financial Bankshares from $39.00 to $40.00 and gave the company a "hold" rating in a report on Friday, September 20th. Keefe, Bruyette & Woods boosted their target price 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, Stephens increased their price target on 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.

Insider Buying and Selling

In other First Financial Bankshares news, Director Michael B. Denny sold 7,000 shares of the company'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 completion of the transaction, the director now owns 101,085 shares in the company, valued at approximately $4,156,615.20. This represents a 6.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 4.22% of the stock is owned by corporate insiders.

First Financial Bankshares Stock Down 0.1 %

Shares of FFIN traded down $0.03 during trading hours on Friday, reaching $40.91. 247,333 shares of the company traded hands, compared to its average volume of 534,476. The business has a fifty day moving average price of $38.93 and a 200-day moving average price of $35.19. First Financial Bankshares, Inc. has a 12-month low of $26.54 and a 12-month high of $44.66. The stock has a market capitalization of $5.85 billion, a P/E ratio of 28.30 and a beta of 0.81.

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

First Financial Bankshares Announces Dividend

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

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.