Advantage Alpha Capital Partners LP Has $554,000 Position in First Financial Bankshares, Inc. (NASDAQ:FFIN)

Advantage Alpha Capital Partners LP raised its position in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 22.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,966 shares of the bank’s stock after buying an additional 2,754 shares during the quarter. Advantage Alpha Capital Partners LP’s holdings in First Financial Bankshares were worth $554,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Algert Global LLC boosted its position in shares of First Financial Bankshares by 30.8% in the third quarter. Algert Global LLC now owns 15,979 shares of the bank’s stock valued at $591,000 after acquiring an additional 3,760 shares during the period. Kingsview Wealth Management LLC raised its stake in First Financial Bankshares by 6.9% in the 3rd quarter. Kingsview Wealth Management LLC now owns 26,337 shares of the bank’s stock worth $975,000 after purchasing an additional 1,705 shares in the last quarter. Champlain Investment Partners LLC boosted its holdings in First Financial Bankshares by 6.8% in the 3rd quarter. Champlain Investment Partners LLC now owns 3,516,329 shares of the bank’s stock valued at $130,139,000 after purchasing an additional 223,640 shares during the period. Citigroup Inc. grew its position in shares of First Financial Bankshares by 27.0% during the 3rd quarter. Citigroup Inc. now owns 250,553 shares of the bank’s stock worth $9,273,000 after purchasing an additional 53,195 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of First Financial Bankshares by 3.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,701,180 shares of the bank’s stock worth $62,961,000 after purchasing an additional 62,538 shares in the last quarter. Institutional investors own 69.78% of the company’s stock.

Insider Activity

In other news, Director Michael B. Denny sold 7,000 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $41.12, for a total transaction of $287,840.00. Following the completion of the transaction, the director now directly owns 101,085 shares in the company, valued at approximately $4,156,615.20. This represents a 6.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.22% of the stock is currently owned by corporate insiders.

First Financial Bankshares Price Performance

Shares of NASDAQ:FFIN opened at $43.05 on Tuesday. First Financial Bankshares, Inc. has a 1 year low of $25.99 and a 1 year high of $44.66. The stock has a market capitalization of $6.15 billion, a price-to-earnings ratio of 29.69 and a beta of 0.78. The company’s 50 day simple moving average is $38.31 and its 200 day simple moving average is $34.66.

First Financial Bankshares (NASDAQ:FFIN) last issued its quarterly earnings results on Thursday, October 17th. The bank reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. First Financial Bankshares had a return on equity of 13.43% and a net margin of 28.76%. The company had revenue of $142.10 million for the quarter, compared to analyst estimates of $140.25 million. As a group, analysts anticipate that First Financial Bankshares, Inc. will post 1.52 EPS for the current fiscal year.

First Financial Bankshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.67%. First Financial Bankshares’s dividend payout ratio (DPR) is currently 49.66%.

Wall Street Analysts Forecast Growth

FFIN has been the subject of several recent research reports. Truist Financial boosted their price target on First Financial Bankshares from $39.00 to $40.00 and gave the company a “hold” rating in a research note on Friday, September 20th. Stephens upped their target price on First Financial Bankshares from $37.00 to $40.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. Finally, Hovde Group increased their target price on First Financial Bankshares from $34.50 to $40.00 and gave the stock a “market perform” rating in a report on Monday, October 21st.

First Financial Bankshares Company 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.