Xponance Inc. Sells 1,101 Shares of First Financial Bankshares, Inc. (NASDAQ:FFIN)

Xponance Inc. trimmed its holdings in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) by 5.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 17,438 shares of the bank’s stock after selling 1,101 shares during the period. Xponance Inc.’s holdings in First Financial Bankshares were worth $515,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hexagon Capital Partners LLC boosted its holdings in First Financial Bankshares by 81.1% during the 1st quarter. Hexagon Capital Partners LLC now owns 927 shares of the bank’s stock valued at $30,000 after acquiring an additional 415 shares during the period. Olistico Wealth LLC bought a new position in shares of First Financial Bankshares in the second quarter worth approximately $29,000. Neo Ivy Capital Management purchased a new position in shares of First Financial Bankshares in the second quarter worth $41,000. SYSTM Wealth Solutions LLC raised its holdings in First Financial Bankshares by 17.4% during the 1st quarter. SYSTM Wealth Solutions LLC now owns 2,681 shares of the bank’s stock valued at $88,000 after buying an additional 398 shares during the last quarter. Finally, Crewe Advisors LLC boosted its position in First Financial Bankshares by 6.0% during the 2nd quarter. Crewe Advisors LLC now owns 5,265 shares of the bank’s stock valued at $155,000 after buying an additional 296 shares during the period. 69.78% of the stock is owned by institutional investors.

First Financial Bankshares Trading Up 1.0 %

Shares of First Financial Bankshares stock opened at $37.01 on Tuesday. First Financial Bankshares, Inc. has a 12-month low of $22.84 and a 12-month high of $39.53. The company has a market cap of $5.29 billion, a P/E ratio of 26.44 and a beta of 0.78. The company’s fifty day simple moving average is $36.36 and its two-hundred day simple moving average is $32.47.

First Financial Bankshares (NASDAQ:FFIN) last announced its quarterly earnings data on Thursday, July 18th. The bank reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01. The business had revenue of $184.94 million during the quarter, compared to analyst estimates of $134.10 million. First Financial Bankshares had a return on equity of 14.01% and a net margin of 29.13%. Analysts predict that First Financial Bankshares, Inc. will post 1.52 EPS for the current fiscal year.

First Financial Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Thursday, September 12th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date is Thursday, September 12th. First Financial Bankshares’s dividend payout ratio is 51.43%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on FFIN shares. Truist Financial boosted their price objective on shares of First Financial Bankshares from $39.00 to $40.00 and gave the company a “hold” rating in a research report on Friday, September 20th. Stephens upped their price target on First Financial Bankshares from $31.00 to $36.00 and gave the company an “equal weight” rating in a research report on Friday, July 19th.

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.