Tudor Investment Corp ET AL Makes New Investment in First Financial Bankshares, Inc. $FFIN

Tudor Investment Corp ET AL acquired a new stake in First Financial Bankshares, Inc. (NASDAQ:FFIN) in the third quarter, HoldingsChannel reports. The institutional investor acquired 89,870 shares of the bank’s stock, valued at approximately $3,024,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FFIN. HHM Wealth Advisors LLC acquired a new stake in shares of First Financial Bankshares during the 3rd quarter valued at about $25,000. Corsicana & Co. acquired a new position in First Financial Bankshares in the third quarter worth about $27,000. Quarry LP raised its position in First Financial Bankshares by 66.3% in the third quarter. Quarry LP now owns 1,026 shares of the bank’s stock worth $35,000 after purchasing an additional 409 shares in the last quarter. CIBC Private Wealth Group LLC bought a new position in First Financial Bankshares during the third quarter worth about $50,000. Finally, State of Wyoming bought a new position in First Financial Bankshares during the second quarter worth about $54,000. 69.78% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Sally Pope Davis acquired 1,800 shares of the firm’s stock in a transaction on Friday, March 6th. The shares were purchased at an average price of $29.52 per share, with a total value of $53,136.00. Following the acquisition, the director directly owned 10,371 shares in the company, valued at $306,151.92. The trade was a 21.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CFO Michelle S. Hickox acquired 1,000 shares of the stock in a transaction on Monday, March 9th. The stock was bought at an average price of $29.50 per share, with a total value of $29,500.00. Following the transaction, the chief financial officer directly owned 11,861 shares in the company, valued at approximately $349,899.50. This represents a 9.21% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased a total of 21,629 shares of company stock valued at $681,060 over the last three months. Company insiders own 3.80% of the company’s stock.

First Financial Bankshares Price Performance

NASDAQ FFIN opened at $28.99 on Friday. The stock’s 50 day simple moving average is $31.66 and its 200 day simple moving average is $31.93. First Financial Bankshares, Inc. has a one year low of $28.11 and a one year high of $38.74. The firm has a market cap of $4.15 billion, a PE ratio of 16.38 and a beta of 0.83.

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

First Financial Bankshares Dividend Announcement

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

Analyst Upgrades and Downgrades

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

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.