Headlands Technologies LLC Buys Shares of 4,596 First Financial Bankshares, Inc. (NASDAQ:FFIN)

Headlands Technologies LLC bought a new stake in First Financial Bankshares, Inc. (NASDAQ:FFINFree Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 4,596 shares of the bank’s stock, valued at approximately $115,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Command Advisory Services Inc. acquired a new stake in shares of First Financial Bankshares during the third quarter worth about $26,000. Massmutual Trust Co. FSB ADV boosted its stake in shares of First Financial Bankshares by 356.3% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,241 shares of the bank’s stock worth $31,000 after acquiring an additional 969 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of First Financial Bankshares during the 3rd quarter worth approximately $40,000. Dark Forest Capital Management LP boosted its stake in shares of First Financial Bankshares by 200.9% during the 1st quarter. Dark Forest Capital Management LP now owns 2,022 shares of the bank’s stock worth $65,000 after acquiring an additional 1,350 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in shares of First Financial Bankshares by 35.6% during the 3rd quarter. Signaturefd LLC now owns 2,676 shares of the bank’s stock worth $67,000 after acquiring an additional 703 shares in the last quarter. 54.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Truist Financial lifted their price objective on First Financial Bankshares from $31.00 to $35.00 and gave the stock a “hold” rating in a research report on Tuesday, January 30th. Keefe, Bruyette & Woods upped their price target on shares of First Financial Bankshares from $30.00 to $31.00 and gave the stock a “market perform” rating in a research report on Friday, January 26th. Finally, Stephens upped their price objective on shares of First Financial Bankshares from $30.00 to $32.00 and gave the company an “equal weight” rating in a research report on Friday, January 26th. One analyst has rated the stock with a sell rating and three have given a hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $31.00.

View Our Latest Stock Report on FFIN

First Financial Bankshares Stock Performance

Shares of First Financial Bankshares stock opened at $31.64 on Monday. The firm has a market cap of $4.52 billion, a PE ratio of 22.60 and a beta of 0.82. First Financial Bankshares, Inc. has a 1 year low of $22.84 and a 1 year high of $38.24. The firm’s 50-day simple moving average is $29.83 and its 200-day simple moving average is $28.01.

First Financial Bankshares (NASDAQ:FFINGet Free Report) last released its quarterly earnings data on Thursday, January 25th. The bank reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.02). The business had revenue of $119.49 million for the quarter, compared to analyst estimates of $125.09 million. First Financial Bankshares had a return on equity of 15.00% and a net margin of 31.28%. First Financial Bankshares’s revenue was down 9.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.41 EPS. On average, equities analysts predict that First Financial Bankshares, Inc. will post 1.45 earnings per share for the current year.

First Financial Bankshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 15th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $0.72 annualized dividend and a yield of 2.28%. First Financial Bankshares’s dividend payout ratio (DPR) is 51.43%.

About First Financial Bankshares

(Free Report)

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.

See Also

Institutional Ownership by Quarter for First Financial Bankshares (NASDAQ:FFIN)

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