Inspire Investing LLC Sells 929 Shares of First Financial Bankshares, Inc. (NASDAQ:FFIN)

Inspire Investing LLC trimmed its stake in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) by 6.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,587 shares of the bank’s stock after selling 929 shares during the period. Inspire Investing LLC’s holdings in First Financial Bankshares were worth $466,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Olistico Wealth LLC bought a new stake in shares of First Financial Bankshares in the second quarter worth about $29,000. Hexagon Capital Partners LLC boosted its position in shares of First Financial Bankshares by 81.1% during the 1st quarter. Hexagon Capital Partners LLC now owns 927 shares of the bank’s stock valued at $30,000 after acquiring an additional 415 shares during the last quarter. Neo Ivy Capital Management bought a new position in shares of First Financial Bankshares during the 2nd quarter valued at approximately $41,000. Quarry LP purchased a new stake in First Financial Bankshares during the second quarter valued at $83,000. Finally, Point72 DIFC Ltd bought a new position in First Financial Bankshares during the second quarter valued at $97,000. Hedge funds and other institutional investors own 69.78% of the company’s stock.

First Financial Bankshares Price Performance

Shares of NASDAQ:FFIN opened at $37.53 on Tuesday. The firm has a market capitalization of $5.36 billion, a PE ratio of 26.81 and a beta of 0.78. The business has a 50 day simple moving average of $36.13 and a two-hundred day simple moving average of $32.82. First Financial Bankshares, Inc. has a 1 year low of $22.84 and a 1 year high of $39.53.

First Financial Bankshares (NASDAQ:FFIN) last announced its quarterly earnings data on Thursday, July 18th. The bank reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01. First Financial Bankshares had a return on equity of 14.01% and a net margin of 29.13%. The company had revenue of $184.94 million for the quarter, compared to the consensus estimate of $134.10 million. Equities research analysts expect that First Financial Bankshares, Inc. will post 1.52 EPS for the current fiscal year.

First Financial Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Thursday, September 12th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $0.72 dividend on an annualized basis and a yield of 1.92%. First Financial Bankshares’s payout ratio is 51.43%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on FFIN shares. Stephens upped their target price on shares of First Financial Bankshares from $31.00 to $36.00 and gave the company an “equal weight” rating in a research report on Friday, July 19th. Truist Financial lifted their price objective on shares of First Financial Bankshares from $39.00 to $40.00 and gave the stock a “hold” rating in a research note on Friday, September 20th.

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.