Natixis Advisors LLC Has $14.40 Million Stock Holdings in First Financial Bankshares, Inc. $FFIN

Natixis Advisors LLC decreased its stake in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 25.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 427,970 shares of the bank’s stock after selling 146,379 shares during the period. Natixis Advisors LLC owned about 0.30% of First Financial Bankshares worth $14,401,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Police & Firemen s Retirement System of New Jersey raised its position in First Financial Bankshares by 9.1% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 31,025 shares of the bank’s stock valued at $1,116,000 after purchasing an additional 2,598 shares during the last quarter. Ameritas Advisory Services LLC grew its holdings in shares of First Financial Bankshares by 5,474.7% during 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. Norges Bank bought a new stake in shares of First Financial Bankshares during the second quarter worth about $57,680,000. Creative Planning increased its stake in shares of First Financial Bankshares by 22.4% in the second quarter. Creative Planning now owns 83,526 shares of the bank’s stock valued at $3,005,000 after buying an additional 15,266 shares during the period. Finally, 1900 Wealth Management LLC increased its stake in shares of First Financial Bankshares by 296.6% in the third quarter. 1900 Wealth Management LLC now owns 23,487 shares of the bank’s stock valued at $790,000 after buying an additional 17,565 shares during the period. Institutional investors own 69.78% of the company’s stock.

Insiders Place Their Bets

In related news, Director Johnny Trotter acquired 4,000 shares of the stock in a transaction dated Thursday, March 5th. The stock was bought at an average price of $30.02 per share, for a total transaction of $120,080.00. Following the purchase, the director directly owned 955,444 shares of the company’s stock, valued at $28,682,428.88. The trade was a 0.42% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Geoff Haney bought 10,200 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The shares were bought 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 in the company, valued at $1,066,604.28. This trade represents a 46.48% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 18,129 shares of company stock valued at $578,710 in the last ninety days. 4.22% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of First Financial Bankshares in a report on Friday, January 9th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, First Financial Bankshares has a consensus rating of “Hold” and a consensus price target of $38.00.

First Financial Bankshares Trading Down 0.9%

Shares of First Financial Bankshares stock opened at $29.61 on Friday. The business has a 50-day moving average price of $32.18 and a two-hundred day moving average price of $32.53. First Financial Bankshares, Inc. has a 1-year low of $28.54 and a 1-year high of $38.74. The company has a market cap of $4.24 billion, a P/E ratio of 16.73 and a beta of 0.83.

First Financial Bankshares (NASDAQ:FFIN) last announced its quarterly earnings data on Friday, January 23rd. The bank reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. First Financial Bankshares had a return on equity of 14.16% and a net margin of 30.43%.The company had revenue of $164.72 million for the quarter, compared to the consensus estimate of $165.70 million. During the same period in the previous year, the business earned $0.43 EPS. The firm’s revenue was up 13.1% compared to the same quarter last year. Equities research analysts forecast that First Financial Bankshares, Inc. will post 1.78 EPS for the current fiscal year.

First Financial Bankshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.76 annualized dividend and a yield of 2.6%. First Financial Bankshares’s payout ratio is 42.94%.

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.