Sei Investments Co. Boosts Holdings in First Financial Bankshares, Inc. $FFIN

Sei Investments Co. raised its position in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 60.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 112,380 shares of the bank’s stock after purchasing an additional 42,138 shares during the period. Sei Investments Co. owned 0.08% of First Financial Bankshares worth $3,309,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Waterloo Capital L.P. increased its position in shares of First Financial Bankshares by 978.4% in the fourth quarter. Waterloo Capital L.P. now owns 68,899 shares of the bank’s stock worth $2,058,000 after purchasing an additional 62,510 shares during the last quarter. Jefferies Financial Group Inc. lifted its position in First Financial Bankshares by 283.7% during the fourth quarter. Jefferies Financial Group Inc. now owns 112,781 shares of the bank’s stock valued at $3,369,000 after purchasing an additional 83,385 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in First Financial Bankshares by 3,042,660.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 21,512,315 shares of the bank’s stock worth $642,573,000 after buying an additional 21,511,608 shares in the last quarter. Phocas Financial Corp. bought a new position in shares of First Financial Bankshares in the 4th quarter worth $3,515,000. Finally, Tudor Investment Corp ET AL purchased a new stake in shares of First Financial Bankshares during the 3rd quarter valued at $3,024,000. 69.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at First Financial Bankshares

In related news, Director Murray Hamilton Edwards acquired 1,000 shares of the company’s stock in a transaction dated Thursday, June 11th. The stock was purchased at an average price of $33.18 per share, with a total value of $33,180.00. Following the completion of the purchase, the director owned 44,634 shares in the company, valued at $1,480,956.12. This trade represents a 2.29% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.80% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Weiss Ratings raised First Financial Bankshares from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $35.00 price target (up from $34.00) on shares of First Financial Bankshares in a research note on Wednesday, July 15th. Finally, Benchmark assumed coverage on First Financial Bankshares in a report on Wednesday, June 24th. They issued a “buy” rating and a $39.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $36.75.

First Financial Bankshares Stock Down 0.1%

NASDAQ FFIN opened at $34.67 on Friday. The company has a 50-day simple moving average of $34.21 and a two-hundred day simple moving average of $32.54. First Financial Bankshares, Inc. has a 12-month low of $28.11 and a 12-month high of $38.12. The firm has a market cap of $4.97 billion, a price-to-earnings ratio of 18.54 and a beta of 0.81.

First Financial Bankshares (NASDAQ:FFIN) last released its quarterly earnings data on Friday, July 17th. The bank reported $0.50 EPS for the quarter, hitting the consensus estimate of $0.50. The firm had revenue of $172.76 million for the quarter, compared to the consensus estimate of $173.03 million. First Financial Bankshares had a return on equity of 14.00% and a net margin of 31.03%.During the same quarter in the previous year, the business earned $0.47 earnings per share. Equities analysts expect that First Financial Bankshares, Inc. will post 2.04 earnings per share for the current fiscal year.

First Financial Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Monday, September 14th will be given a $0.22 dividend. The ex-dividend date is Monday, September 14th. This represents a $0.88 annualized dividend and a yield of 2.5%. First Financial Bankshares’s payout ratio is presently 47.06%.

First Financial Bankshares Profile

First Financial Bankshares, Inc is a regional bank holding company headquartered in Cincinnati, Ohio. Through its primary subsidiary, First Financial Bank, the company offers a full suite of banking products and services to individual, small business and commercial clients. With roots dating back to 1863, First Financial has cultivated a strong community banking heritage, combining personalized service with modern financial solutions.

The company’s core business activities include commercial and consumer lending, deposit products, treasury management, mortgage origination and servicing, and wealth management.