Dark Forest Capital Management LP Buys Shares of 22,779 First Financial Bankshares, Inc. (NASDAQ:FFIN)

Dark Forest Capital Management LP bought a new position in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 22,779 shares of the bank's stock, valued at approximately $821,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of First Financial Bankshares by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 14,095,584 shares of the bank's stock valued at $508,146,000 after acquiring an additional 110,923 shares in the last quarter. Strategic Financial Concepts LLC raised its position in First Financial Bankshares by 3,508.3% in the fourth quarter. Strategic Financial Concepts LLC now owns 2,807,834 shares of the bank's stock valued at $101,222,000 after purchasing an additional 2,730,017 shares during the period. Dimensional Fund Advisors LP raised its position in First Financial Bankshares by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,572,218 shares of the bank's stock valued at $92,733,000 after purchasing an additional 42,280 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of First Financial Bankshares by 0.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,705,788 shares of the bank's stock worth $61,494,000 after purchasing an additional 4,608 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of First Financial Bankshares in the fourth quarter worth about $47,757,000. 69.78% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Johnny Trotter acquired 6,000 shares of First Financial Bankshares stock in a transaction on Wednesday, March 12th. The stock was bought at an average cost of $35.12 per share, with a total value of $210,720.00. Following the completion of the purchase, the director now owns 949,371 shares of the company's stock, valued at $33,341,909.52. This represents a 0.64 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.22% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on FFIN. Hovde Group decreased their target price on shares of First Financial Bankshares from $40.00 to $38.00 and set a "market perform" rating for the company in a research note on Monday, April 21st. Keefe, Bruyette & Woods cut their price objective on shares of First Financial Bankshares from $38.00 to $36.00 and set a "market perform" rating on the stock in a report on Monday, April 21st.

First Financial Bankshares Stock Down 1.2 %

NASDAQ FFIN traded down $0.40 on Wednesday, hitting $33.38. The stock had a trading volume of 62,778 shares, compared to its average volume of 541,112. The company's 50-day moving average is $34.74 and its two-hundred day moving average is $37.11. First Financial Bankshares, Inc. has a one year low of $27.62 and a one year high of $44.66. The stock has a market cap of $4.77 billion, a price-to-earnings ratio of 21.37 and a beta of 0.82.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last announced its earnings results on Thursday, April 17th. The bank reported $0.43 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.43. The firm had revenue of $149.02 million during the quarter, compared to analyst estimates of $149.48 million. First Financial Bankshares had a net margin of 29.69% and a return on equity of 14.24%. 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 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.