Fieldview Capital Management LLC Raises Stock Holdings in First Financial Bankshares, Inc. $FFIN

Fieldview Capital Management LLC lifted its holdings in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) by 147.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,936 shares of the bank’s stock after purchasing an additional 32,718 shares during the quarter. Fieldview Capital Management LLC’s holdings in First Financial Bankshares were worth $1,641,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of FFIN. Olistico Wealth LLC purchased a new position in shares of First Financial Bankshares during the fourth quarter worth about $30,000. Quarry LP boosted its stake in First Financial Bankshares by 66.3% in the third quarter. Quarry LP now owns 1,026 shares of the bank’s stock worth $35,000 after buying an additional 409 shares in the last quarter. Danske Bank A S boosted its stake in First Financial Bankshares by 200.0% in the fourth quarter. Danske Bank A S now owns 1,200 shares of the bank’s stock worth $36,000 after buying an additional 800 shares in the last quarter. CIBC Private Wealth Group LLC purchased a new stake in First Financial Bankshares in the third quarter worth approximately $50,000. Finally, State of Wyoming purchased a new stake in First Financial Bankshares in the second quarter worth approximately $54,000. Hedge funds and other institutional investors own 69.78% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on FFIN shares. 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 stock. According to data from MarketBeat, First Financial Bankshares presently has a consensus rating of “Hold” and a consensus price target of $37.33.

First Financial Bankshares Stock Performance

Shares of FFIN stock opened at $33.65 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 $31.98 and a two-hundred day moving average price of $31.62. The company has a market capitalization of $4.82 billion, a P/E ratio of 18.29 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 2.6%. The ex-dividend date is Friday, June 12th. First Financial Bankshares’s dividend payout ratio is currently 47.83%.

First Financial Bankshares Company Profile

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.