Twinbeech Capital LP Buys 13,815 Shares of First Financial Bankshares, Inc. (NASDAQ:FFIN)

Twinbeech Capital LP raised its holdings in First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) by 94.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 28,449 shares of the bank's stock after purchasing an additional 13,815 shares during the quarter. Twinbeech Capital LP's holdings in First Financial Bankshares were worth $1,026,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of FFIN. Federated Hermes Inc. increased its stake in shares of First Financial Bankshares by 2.3% in the 4th quarter. Federated Hermes Inc. now owns 13,313 shares of the bank's stock valued at $480,000 after buying an additional 295 shares during the period. Arizona State Retirement System increased its stake in shares of First Financial Bankshares by 0.9% in the 4th quarter. Arizona State Retirement System now owns 35,263 shares of the bank's stock valued at $1,271,000 after buying an additional 302 shares during the period. Kingsview Wealth Management LLC increased its stake in shares of First Financial Bankshares by 1.2% in the 4th quarter. Kingsview Wealth Management LLC now owns 26,649 shares of the bank's stock valued at $961,000 after buying an additional 312 shares during the period. Numerai GP LLC increased its stake in shares of First Financial Bankshares by 1.8% in the 4th quarter. Numerai GP LLC now owns 18,033 shares of the bank's stock valued at $650,000 after buying an additional 312 shares during the period. Finally, US Bancorp DE increased its stake in shares of First Financial Bankshares by 7.4% in the 4th quarter. US Bancorp DE now owns 5,396 shares of the bank's stock valued at $195,000 after buying an additional 370 shares during the period. Institutional investors own 69.78% of the company's stock.

First Financial Bankshares Stock Performance

NASDAQ:FFIN traded down $0.26 on Friday, reaching $34.21. The company's stock had a trading volume of 425,120 shares, compared to its average volume of 546,559. First Financial Bankshares, Inc. has a 1-year low of $27.62 and a 1-year high of $44.66. The firm has a market cap of $4.89 billion, a PE ratio of 21.93 and a beta of 0.89. The business's 50-day moving average price is $34.23 and its two-hundred day moving average price is $36.80.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last posted 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. First Financial Bankshares had a return on equity of 14.24% and a net margin of 29.69%. The firm had revenue of $149.02 million during the quarter, compared to analysts' expectations of $149.48 million. As a group, sell-side analysts expect that First Financial Bankshares, Inc. will post 1.78 EPS for the current year.

First Financial Bankshares Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 16th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 2.22%. This is a boost from First Financial Bankshares's previous quarterly dividend of $0.18. The ex-dividend date is Monday, June 16th. First Financial Bankshares's payout ratio is presently 46.91%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on FFIN shares. Keefe, Bruyette & Woods lowered their target price on First Financial Bankshares from $38.00 to $36.00 and set a "market perform" rating for the company in a research note on Monday, April 21st. Hovde Group lowered their target price on 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.

Insider Buying and Selling at First Financial Bankshares

In other news, Director Johnny Trotter acquired 6,000 shares of First Financial Bankshares stock in a transaction dated 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 transaction, the director now directly owns 949,371 shares of the company's stock, valued at approximately $33,341,909.52. This represents a 0.64% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders acquired 7,099 shares of company stock valued at $247,751. Company insiders own 3.96% of the company's stock.

First Financial Bankshares 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.