Natixis Advisors LLC Buys 976 Shares of First Financial Bankshares, Inc. (NASDAQ:FFIN)

Natixis Advisors LLC raised its stake in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 0.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 445,948 shares of the bank’s stock after purchasing an additional 976 shares during the period. Natixis Advisors LLC owned 0.31% of First Financial Bankshares worth $13,169,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hexagon Capital Partners LLC increased its stake in First Financial Bankshares by 81.1% in the first quarter. Hexagon Capital Partners LLC now owns 927 shares of the bank’s stock valued at $30,000 after purchasing an additional 415 shares in the last quarter. Olistico Wealth LLC bought a new stake in First Financial Bankshares in the second quarter valued at $29,000. Neo Ivy Capital Management acquired a new position in shares of First Financial Bankshares during the second quarter valued at about $41,000. SYSTM Wealth Solutions LLC grew its holdings in shares of First Financial Bankshares by 17.4% during the first 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, Quadrant Capital Group LLC grew its holdings in shares of First Financial Bankshares by 128.9% during the fourth quarter. Quadrant Capital Group LLC now owns 4,888 shares of the bank’s stock valued at $148,000 after buying an additional 2,753 shares during the last quarter. 69.78% of the stock is owned by institutional investors.

Insider Buying and Selling at First Financial Bankshares

In related news, Director Johnny Trotter bought 1,000 shares of the company’s stock in a transaction on Friday, June 14th. The shares were purchased at an average cost of $27.79 per share, for a total transaction of $27,790.00. Following the completion of the purchase, the director now directly owns 943,371 shares in the company, valued at $26,216,280.09. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 4.22% of the company’s stock.

First Financial Bankshares Stock Performance

First Financial Bankshares stock opened at $36.05 on Thursday. First Financial Bankshares, Inc. has a fifty-two week low of $22.84 and a fifty-two week high of $39.53. The stock has a market cap of $5.15 billion, a PE ratio of 25.75 and a beta of 0.79. The firm’s 50-day simple moving average is $34.33 and its 200 day simple moving average is $31.78.

First Financial Bankshares (NASDAQ:FFIN) last released its quarterly earnings results on Thursday, July 18th. The bank reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.01. The business had revenue of $184.94 million for the quarter, compared to analysts’ expectations of $134.10 million. First Financial Bankshares had a net margin of 29.13% and a return on equity of 14.01%. As a group, analysts predict 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 Tuesday, October 1st. Shareholders of record on Thursday, September 12th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date is Thursday, September 12th. First Financial Bankshares’s payout ratio is 51.43%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FFIN. Truist Financial lifted their price objective on shares of First Financial Bankshares from $31.00 to $39.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. Stephens lifted their price objective on shares of First Financial Bankshares from $31.00 to $36.00 and gave the company an “equal weight” rating in a report on Friday, July 19th.

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.