Fieldview Capital Management LLC Invests $748,000 in First Financial Bankshares, Inc. $FFIN

Fieldview Capital Management LLC acquired a new stake in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 22,218 shares of the bank’s stock, valued at approximately $748,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Swiss National Bank lifted its stake in shares of First Financial Bankshares by 1.5% in the third quarter. Swiss National Bank now owns 235,700 shares of the bank’s stock worth $7,931,000 after buying an additional 3,500 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of First Financial Bankshares by 152.1% during the third quarter. Russell Investments Group Ltd. now owns 36,477 shares of the bank’s stock valued at $1,227,000 after acquiring an additional 22,010 shares in the last quarter. Inceptionr LLC bought a new stake in shares of First Financial Bankshares during the third quarter valued at approximately $748,000. Jefferies Financial Group Inc. purchased a new position in First Financial Bankshares in the 3rd quarter worth approximately $989,000. Finally, Dynamic Technology Lab Private Ltd lifted its position in First Financial Bankshares by 100.2% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 27,194 shares of the bank’s stock valued at $915,000 after acquiring an additional 13,608 shares in the last quarter. 69.78% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Insider Activity

In other news, Director Sally Pope Davis purchased 1,800 shares of the company’s stock in a transaction dated Friday, March 6th. The shares were purchased at an average cost of $29.52 per share, for a total transaction of $53,136.00. Following the purchase, the director directly owned 10,371 shares in the company, valued at approximately $306,151.92. This represents a 21.00% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Johnny Trotter acquired 4,000 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The stock was purchased at an average cost of $30.02 per share, with a total value of $120,080.00. Following the acquisition, the director directly owned 955,444 shares of the company’s stock, valued at $28,682,428.88. This trade represents a 0.42% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 17,129 shares of company stock valued at $549,210 in the last ninety days. 3.96% of the stock is currently owned by company insiders.

First Financial Bankshares Stock Up 0.4%

Shares of NASDAQ FFIN opened at $30.39 on Wednesday. The firm’s 50-day moving average price is $32.18 and its 200-day moving average price is $32.57. First Financial Bankshares, Inc. has a 52-week low of $28.89 and a 52-week high of $38.74. The company has a market cap of $4.35 billion, a PE ratio of 17.17 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 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 company had revenue of $164.72 million for the quarter, compared to the consensus estimate of $165.70 million. During the same quarter in the prior year, the firm earned $0.43 earnings per share. The firm’s revenue for the quarter was up 13.1% compared to the same quarter last year. As a group, equities research analysts anticipate that First Financial Bankshares, Inc. will post 1.78 EPS for the current fiscal year.

First Financial Bankshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, March 13th. First Financial Bankshares’s dividend payout ratio is presently 42.94%.

First Financial Bankshares Company 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.