Entropy Technologies LP Buys 37,790 Shares of First Financial Bankshares, Inc. $FFIN

Entropy Technologies LP raised its stake in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) by 172.0% in the 4th quarter, Holdings Channel reports. The firm owned 59,764 shares of the bank’s stock after acquiring an additional 37,790 shares during the period. Entropy Technologies LP’s holdings in First Financial Bankshares were worth $1,785,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Kingsview Wealth Management LLC boosted its holdings in shares of 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 purchasing an additional 321 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of First Financial Bankshares by 6.2% during the 4th quarter. Signaturefd LLC now owns 5,863 shares of the bank’s stock valued at $175,000 after purchasing an additional 344 shares during the last quarter. Ballentine Partners LLC boosted its holdings in shares of First Financial Bankshares by 3.0% during the 4th quarter. Ballentine Partners LLC now owns 13,482 shares of the bank’s stock valued at $403,000 after purchasing an additional 391 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of First Financial Bankshares by 20.3% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,320 shares of the bank’s stock valued at $78,000 after purchasing an additional 392 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of First Financial Bankshares by 24.3% during the 3rd 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 last quarter. Institutional investors own 69.78% of the company’s stock.

First Financial Bankshares Trading Down 0.9%

Shares of NASDAQ FFIN opened at $33.35 on Tuesday. The firm’s 50-day moving average price is $32.05 and its 200-day moving average price is $31.63. The stock has a market capitalization of $4.78 billion, a price-to-earnings ratio of 18.13 and a beta of 0.83. First Financial Bankshares, Inc. has a 12-month low of $28.11 and a 12-month high of $38.74.

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

First Financial Bankshares Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th will be given a dividend of $0.22 per share. The ex-dividend date is Friday, June 12th. This represents a $0.88 annualized dividend and a dividend yield of 2.6%. This is a positive change from First Financial Bankshares’s previous quarterly dividend of $0.19. First Financial Bankshares’s dividend payout ratio is currently 47.83%.

Insider Activity

In other First Financial Bankshares news, Director Murray Hamilton Edwards bought 1,000 shares of the firm’s stock in a transaction dated Thursday, June 11th. The shares were purchased at an average cost of $33.18 per share, for a total transaction of $33,180.00. Following the transaction, the director owned 44,634 shares of the company’s stock, valued at $1,480,956.12. This represents a 2.29% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 3.80% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Keefe, Bruyette & Woods dropped their price objective on shares of First Financial Bankshares from $36.00 to $34.00 and set a “market perform” rating for the company in a report on Thursday, April 9th. Weiss Ratings reissued a “hold (c)” rating on shares of First Financial Bankshares in a report on Wednesday, April 8th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $37.33.

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.