Tudor Investment Corp ET AL Takes Position in First Financial Bankshares, Inc. $FFIN

Key Points

• Tudor Investment Corp opened a new position in First Financial Bankshares, buying 89,870 shares (~$3.02M), part of broader institutional buying that leaves institutions owning about 69.78% of the company.
• First Financial beat quarterly EPS estimates ($0.51 vs. $0.48) with revenue up 13.1% year-over-year; the stock carries a 2.4% dividend yield, a P/E of 17.6, and a consensus analyst rating of "Hold."
• Insiders have been net buyers recently (21,629 shares over three months), increasing insider ownership to roughly 3.8%.

Tudor Investment Corp ET AL acquired a new stake in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 89,870 shares of the bank's stock, valued at approximately $3,024,000. Tudor Investment Corp ET AL owned about 0.06% of First Financial Bankshares at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Ameritas Advisory Services LLC increased its position in First Financial Bankshares by 5,474.7% in the third quarter. Ameritas Advisory Services LLC now owns 16,724 shares of the bank's stock worth $563,000 after purchasing an additional 16,424 shares during the last quarter. 1900 Wealth Management LLC increased its position in First Financial Bankshares by 296.6% in the third quarter. 1900 Wealth Management LLC now owns 23,487 shares of the bank's stock worth $790,000 after purchasing an additional 17,565 shares during the last quarter. JPMorgan Chase & Co. increased its position in First Financial Bankshares by 40.3% in the third quarter. JPMorgan Chase & Co. now owns 472,557 shares of the bank's stock worth $15,902,000 after purchasing an additional 135,804 shares during the last quarter. Fieldview Capital Management LLC bought a new stake in First Financial Bankshares in the third quarter worth $748,000. Finally, Federated Hermes Inc. increased its position in First Financial Bankshares by 12.1% in the third quarter. Federated Hermes Inc. now owns 186,633 shares of the bank's stock worth $6,280,000 after purchasing an additional 20,079 shares during the last quarter. Institutional investors own 69.78% of the company's stock.

First Financial Bankshares Stock Down 1.6%

FFIN stock opened at $31.16 on Friday. First Financial Bankshares, Inc. has a twelve month low of $28.11 and a twelve month high of $38.74. The stock has a market capitalization of $4.46 billion, a price-to-earnings ratio of 17.60 and a beta of 0.82. The firm's fifty day simple moving average is $31.25 and its two-hundred day simple moving average is $31.57.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last posted its quarterly earnings data on Friday, January 23rd. The bank reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $0.03. First Financial Bankshares had a net margin of 30.43% and a return on equity of 14.16%. The business had revenue of $164.72 million for the quarter, compared to analysts' expectations of $165.70 million. During the same quarter in the previous year, the business posted $0.43 earnings per share. The business's revenue was up 13.1% compared to the same quarter last year. As a group, equities research analysts expect that First Financial Bankshares, Inc. will post 1.78 EPS for the current year.

First Financial Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th were given a dividend of $0.19 per share. The ex-dividend date was Friday, March 13th. This represents a $0.76 dividend on an annualized basis and a yield of 2.4%. First Financial Bankshares's payout ratio is 42.94%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Weiss Ratings restated a "hold (c)" rating on shares of First Financial Bankshares in a research report on Wednesday. Keefe, Bruyette & Woods reduced their price target on shares of First Financial Bankshares from $36.00 to $34.00 and set a "market perform" rating on the stock in a research report on Thursday. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $37.33.

Insider Buying and Selling at First Financial Bankshares

In other news, Director Johnny Trotter acquired 4,000 shares of the business's stock in a transaction on Thursday, March 5th. The shares were acquired at an average price of $30.02 per share, for a total transaction of $120,080.00. Following the completion of the transaction, the director directly owned 955,444 shares of the company's stock, valued at approximately $28,682,428.88. The trade was a 0.42% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Geoff Haney acquired 10,200 shares of the business's stock in a transaction on Friday, February 20th. The shares were purchased at an average price of $33.18 per share, for a total transaction of $338,436.00. Following the transaction, the director directly owned 32,146 shares of the company's stock, valued at approximately $1,066,604.28. The trade was a 46.48% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have purchased 21,629 shares of company stock valued at $681,060. Insiders own 3.80% of the company's stock.

About First Financial Bankshares

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.

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