Point72 Asia Singapore Pte. Ltd. Buys 1,332 Shares of First Financial Bankshares, Inc. (NASDAQ:FFIN)

Point72 Asia Singapore Pte. Ltd. grew its position in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 20.0% in the second quarter, Holdings Channel reports. The fund owned 7,978 shares of the bank’s stock after acquiring an additional 1,332 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in First Financial Bankshares were worth $236,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. UBS Group AG boosted its stake in shares of First Financial Bankshares by 98.5% during the fourth quarter. UBS Group AG now owns 239,068 shares of the bank’s stock valued at $7,244,000 after purchasing an additional 118,623 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its position in shares of First Financial Bankshares by 6.2% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 51,388 shares of the bank’s stock valued at $1,557,000 after buying an additional 3,001 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in First Financial Bankshares during the 4th quarter valued at approximately $1,209,000. Stifel Financial Corp increased its position in shares of First Financial Bankshares by 19.3% during the fourth quarter. Stifel Financial Corp now owns 157,283 shares of the bank’s stock worth $4,766,000 after buying an additional 25,414 shares during the period. Finally, Campbell & CO Investment Adviser LLC bought a new stake in First Financial Bankshares during the fourth quarter valued at $383,000. Institutional investors and hedge funds own 69.78% of the company’s stock.

Wall Street Analysts Forecast Growth

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

First Financial Bankshares Trading Down 2.3 %

Shares of FFIN opened at $36.17 on Wednesday. First Financial Bankshares, Inc. has a 12 month low of $22.84 and a 12 month high of $39.53. The stock has a 50 day moving average of $36.34 and a 200 day moving average of $32.51. The company has a market capitalization of $5.17 billion, a price-to-earnings ratio of 25.84 and a beta of 0.78.

First Financial Bankshares (NASDAQ:FFIN) last issued its quarterly earnings data on Thursday, July 18th. The bank reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 14.01% and a net margin of 29.13%. As a group, equities research analysts predict that First Financial Bankshares, Inc. will post 1.52 earnings per share for the current year.

First Financial Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Thursday, September 12th were given a dividend of $0.18 per share. The ex-dividend date was Thursday, September 12th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.99%. First Financial Bankshares’s dividend payout ratio (DPR) is currently 51.43%.

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.