First Financial Bankshares, Inc. $FFIN Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC increased its holdings in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 3,204.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 417,192 shares of the bank’s stock after buying an additional 404,566 shares during the quarter. SG Americas Securities LLC’s holdings in First Financial Bankshares were worth $12,462,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in FFIN. Kingsview Wealth Management LLC raised its stake in First Financial Bankshares by 1.2% during the 3rd quarter. Kingsview Wealth Management LLC now owns 27,059 shares of the bank’s stock valued at $911,000 after acquiring an additional 321 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of 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 purchasing an additional 392 shares in the last quarter. Covestor Ltd grew its stake in shares of First Financial Bankshares by 14.0% in the third quarter. Covestor Ltd now owns 3,255 shares of the bank’s stock worth $110,000 after purchasing an additional 399 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of First Financial Bankshares by 24.3% during the third quarter. Smartleaf Asset Management LLC now owns 2,064 shares of the bank’s stock valued at $70,000 after purchasing an additional 403 shares during the period. Finally, Quarry LP increased its holdings in shares of First Financial Bankshares by 66.3% during the third quarter. Quarry LP now owns 1,026 shares of the bank’s stock valued at $35,000 after purchasing an additional 409 shares during the period. 69.78% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c)” rating on shares of First Financial Bankshares in a research note on Friday, January 9th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $38.00.

Insider Activity at First Financial Bankshares

In other First Financial Bankshares news, Director Geoff Haney bought 10,200 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The shares were acquired at an average cost of $33.18 per share, for a total transaction of $338,436.00. Following the acquisition, the director directly owned 32,146 shares of the company’s stock, valued at $1,066,604.28. This trade represents a 46.48% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Murray Hamilton Edwards bought 1,000 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The shares were acquired at an average cost of $29.32 per share, with a total value of $29,320.00. Following the completion of the purchase, the director owned 43,634 shares of the company’s stock, valued at approximately $1,279,348.88. The trade was a 2.35% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have purchased 21,629 shares of company stock worth $681,060. Company insiders own 3.80% of the company’s stock.

First Financial Bankshares Stock Performance

FFIN opened at $28.99 on Friday. The company has a market capitalization of $4.15 billion, a PE ratio of 16.38 and a beta of 0.83. The stock’s fifty day moving average is $31.66 and its 200-day moving average is $31.90. First Financial Bankshares, Inc. has a one year low of $28.11 and a one year high of $38.74.

First Financial Bankshares (NASDAQ:FFIN) last announced its earnings results on Friday, January 23rd. The bank reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.03. The business had revenue of $164.72 million during the quarter, compared to analysts’ expectations of $165.70 million. First Financial Bankshares had a return on equity of 14.16% and a net margin of 30.43%.The company’s quarterly revenue was up 13.1% on a year-over-year basis. During the same quarter last year, the business posted $0.43 earnings per share. On average, equities research analysts forecast that First Financial Bankshares, Inc. will post 1.78 EPS for the current fiscal year.

First Financial Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Friday, March 13th. First Financial Bankshares’s dividend payout ratio is presently 42.94%.

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.