Waterloo Capital L.P. Raises Stock Holdings in First Financial Bankshares, Inc. $FFIN

Waterloo Capital L.P. boosted its position in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 978.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 68,899 shares of the bank’s stock after purchasing an additional 62,510 shares during the period. Waterloo Capital L.P.’s holdings in First Financial Bankshares were worth $2,058,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Kingsview Wealth Management LLC boosted its stake in First Financial Bankshares by 1.2% in the third quarter. Kingsview Wealth Management LLC now owns 27,059 shares of the bank’s stock worth $911,000 after buying an additional 321 shares in the last quarter. Signaturefd LLC boosted its stake in First Financial Bankshares by 6.2% in the fourth quarter. Signaturefd LLC now owns 5,863 shares of the bank’s stock worth $175,000 after buying an additional 344 shares in the last quarter. Ballentine Partners LLC boosted its stake in First Financial Bankshares by 3.0% in the fourth quarter. Ballentine Partners LLC now owns 13,482 shares of the bank’s stock worth $403,000 after buying an additional 391 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in First Financial Bankshares by 20.3% in the third quarter. EverSource Wealth Advisors LLC now owns 2,320 shares of the bank’s stock worth $78,000 after buying an additional 392 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in First Financial Bankshares by 24.3% in the third quarter. Smartleaf Asset Management LLC now owns 2,064 shares of the bank’s stock worth $70,000 after buying an additional 403 shares in the last quarter. Hedge funds and other institutional investors own 69.78% of the company’s stock.

First Financial Bankshares Stock Performance

Shares of FFIN stock opened at $32.68 on Monday. First Financial Bankshares, Inc. has a fifty-two week low of $28.11 and a fifty-two week high of $38.74. The stock has a 50 day moving average price of $31.30 and a two-hundred day moving average price of $31.48. The company has a market capitalization of $4.68 billion, a P/E ratio of 17.76 and a beta of 0.83.

First Financial Bankshares (NASDAQ:FFIN) last announced its quarterly earnings data on Friday, April 17th. The bank reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.03. First Financial Bankshares had a return on equity of 14.20% and a net margin of 31.00%.The firm had revenue of $166.89 million during the quarter, compared to the consensus estimate of $166.78 million. During the same quarter in the previous year, the company posted $0.43 earnings per share. As a group, equities analysts predict that First Financial Bankshares, Inc. will post 2.04 earnings per share for the current year.

First Financial Bankshares Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 12th will be issued a dividend of $0.22 per share. This is a boost from First Financial Bankshares’s previous quarterly dividend of $0.19. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Friday, June 12th. First Financial Bankshares’s dividend payout ratio is currently 41.30%.

Wall Street Analysts Forecast Growth

FFIN has been the subject of several research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of First Financial Bankshares in a research note on Wednesday, April 8th. Keefe, Bruyette & Woods cut their target price on First Financial Bankshares from $36.00 to $34.00 and set a “market perform” rating for the company in a research note on Thursday, April 9th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $37.33.

Insider Activity at First Financial Bankshares

In other First Financial Bankshares news, CFO Michelle S. Hickox bought 1,000 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The stock was bought at an average price of $29.50 per share, for a total transaction of $29,500.00. Following the completion of the acquisition, the chief financial officer directly owned 11,861 shares in the company, valued at $349,899.50. The trade was a 9.21% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Murray Hamilton Edwards bought 1,000 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The shares were acquired at an average price of $29.32 per share, with a total value of $29,320.00. Following the acquisition, the director owned 43,634 shares of the company’s stock, valued at $1,279,348.88. This represents a 2.35% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 10,964 shares of company stock valued at $326,287 over the last 90 days. Company insiders own 3.80% of the company’s stock.

About First Financial Bankshares

First Financial Bankshares, Inc is a regional bank holding company headquartered in Cincinnati, Ohio. Through its primary subsidiary, First Financial Bank, the company offers a full suite of banking products and services to individual, small business and commercial clients. With roots dating back to 1863, First Financial has cultivated a strong community banking heritage, combining personalized service with modern financial solutions.

The company’s core business activities include commercial and consumer lending, deposit products, treasury management, mortgage origination and servicing, and wealth management.