Advantage Alpha Capital Partners LP Raises Stock Holdings in First Financial Bankshares, Inc. (NASDAQ:FFIN)

Advantage Alpha Capital Partners LP raised its position in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) by 12.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,883 shares of the bank’s stock after buying an additional 1,917 shares during the quarter. Advantage Alpha Capital Partners LP’s holdings in First Financial Bankshares were worth $609,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Arizona State Retirement System boosted its stake in First Financial Bankshares by 0.9% during the fourth quarter. Arizona State Retirement System now owns 35,263 shares of the bank’s stock worth $1,271,000 after acquiring an additional 302 shares in the last quarter. Kingsview Wealth Management LLC lifted its holdings in shares of First Financial Bankshares by 1.2% during the fourth quarter. Kingsview Wealth Management LLC now owns 26,649 shares of the bank’s stock valued at $961,000 after purchasing an additional 312 shares during the last quarter. US Bancorp DE boosted its position in shares of First Financial Bankshares by 7.4% in the 4th quarter. US Bancorp DE now owns 5,396 shares of the bank’s stock worth $195,000 after purchasing an additional 370 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of First Financial Bankshares by 2.3% in the 4th quarter. Pacer Advisors Inc. now owns 19,170 shares of the bank’s stock worth $691,000 after buying an additional 432 shares during the last quarter. Finally, Ballentine Partners LLC increased its position in First Financial Bankshares by 3.9% during the 4th quarter. Ballentine Partners LLC now owns 12,665 shares of the bank’s stock valued at $457,000 after buying an additional 475 shares in the last quarter. Institutional investors own 69.78% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods boosted their target price on First Financial Bankshares from $40.00 to $41.00 and gave the stock a “market perform” rating in a report on Monday, January 27th.

First Financial Bankshares Price Performance

Shares of NASDAQ:FFIN opened at $36.81 on Tuesday. The stock’s fifty day moving average price is $36.94 and its 200-day moving average price is $37.73. The company has a market cap of $5.26 billion, a P/E ratio of 23.60 and a beta of 0.78. First Financial Bankshares, Inc. has a 1 year low of $27.62 and a 1 year high of $44.66.

First Financial Bankshares (NASDAQ:FFIN) last posted its quarterly earnings data on Thursday, January 23rd. The bank reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. First Financial Bankshares had a return on equity of 14.24% and a net margin of 29.69%. On average, sell-side analysts anticipate that First Financial Bankshares, Inc. will post 1.78 earnings per share for the current year.

First Financial Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.96%. First Financial Bankshares’s payout ratio is currently 46.15%.

Insider Buying and Selling at First Financial Bankshares

In other news, Director Johnny Trotter bought 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average price of $35.12 per share, with a total value of $210,720.00. Following the acquisition, the director now owns 949,371 shares of the company’s stock, valued at approximately $33,341,909.52. This represents a 0.64 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 4.22% of the company’s stock.

About First Financial Bankshares

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.