Avior Wealth Management LLC Buys 6,129 Shares of First Financial Bankshares, Inc. (NASDAQ:FFIN)

Avior Wealth Management LLC grew its stake in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 68.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,122 shares of the bank’s stock after purchasing an additional 6,129 shares during the period. Avior Wealth Management LLC’s holdings in First Financial Bankshares were worth $543,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of FFIN. Norges Bank bought a new stake in shares of First Financial Bankshares in the 4th quarter valued at approximately $47,757,000. Axiom Investors LLC DE purchased a new stake in shares of First Financial Bankshares in the fourth quarter worth approximately $16,937,000. Raymond James Financial Inc. purchased a new stake in shares of First Financial Bankshares in the fourth quarter worth approximately $8,341,000. JPMorgan Chase & Co. raised its holdings in shares of First Financial Bankshares by 48.9% in the fourth quarter. JPMorgan Chase & Co. now owns 687,300 shares of the bank’s stock worth $24,777,000 after buying an additional 225,574 shares during the period. Finally, Cubist Systematic Strategies LLC raised its holdings in shares of First Financial Bankshares by 1,719.8% in the fourth quarter. Cubist Systematic Strategies LLC now owns 209,498 shares of the bank’s stock worth $7,552,000 after buying an additional 197,986 shares during the period. 69.78% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on FFIN. Hovde Group reduced their price target on First Financial Bankshares from $40.00 to $38.00 and set a “market perform” rating on the stock in a report on Monday, April 21st. Keefe, Bruyette & Woods reduced their price target on First Financial Bankshares from $38.00 to $36.00 and set a “market perform” rating on the stock in a report on Monday, April 21st.

Insiders Place Their Bets

In other news, Director Michael B. Denny acquired 5,000 shares of First Financial Bankshares stock in a transaction on Friday, June 13th. The shares were bought at an average cost of $36.02 per share, for a total transaction of $180,100.00. Following the acquisition, the director now directly owns 108,708 shares of the company’s stock, valued at $3,915,662.16. This trade represents a 4.82% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have bought 6,399 shares of company stock worth $227,646 in the last ninety days. 4.22% of the stock is owned by company insiders.

First Financial Bankshares Stock Down 0.5%

FFIN opened at $34.92 on Friday. The stock’s fifty day moving average is $34.76 and its two-hundred day moving average is $35.96. The company has a market capitalization of $5.00 billion, a P/E ratio of 21.56 and a beta of 0.87. First Financial Bankshares, Inc. has a 52 week low of $28.10 and a 52 week high of $44.66.

First Financial Bankshares (NASDAQ:FFIN) last released its quarterly earnings data on Thursday, April 17th. The bank reported $0.43 EPS for the quarter, hitting the consensus estimate of $0.43. The company had revenue of $149.02 million for the quarter, compared to the consensus estimate of $149.48 million. First Financial Bankshares had a return on equity of 14.31% and a net margin of 30.01%. Equities analysts anticipate that First Financial Bankshares, Inc. will post 1.78 earnings per share for the current year.

First Financial Bankshares Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 16th will be issued a dividend of $0.19 per share. This is an increase from First Financial Bankshares’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend is Monday, June 16th. First Financial Bankshares’s dividend payout ratio (DPR) is presently 46.91%.

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.