Rafferty Asset Management LLC Has $3.47 Million Stake in First Financial Bankshares, Inc. $FFIN

Rafferty Asset Management LLC increased its holdings in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) by 28.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 102,979 shares of the bank’s stock after purchasing an additional 22,657 shares during the period. Rafferty Asset Management LLC owned approximately 0.07% of First Financial Bankshares worth $3,465,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the business. HHM Wealth Advisors LLC bought a new stake in shares of First Financial Bankshares in the third quarter valued at about $25,000. Corsicana & Co. acquired a new position in First Financial Bankshares in the 3rd quarter valued at approximately $27,000. State of Wyoming acquired a new position in First Financial Bankshares in the 2nd quarter valued at approximately $54,000. Nisa Investment Advisors LLC lifted its position in shares of First Financial Bankshares by 33.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,648 shares of the bank’s stock worth $60,000 after acquiring an additional 412 shares during the period. Finally, Smartleaf Asset Management LLC grew its holdings in shares of First Financial Bankshares by 32.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,661 shares of the bank’s stock worth $60,000 after purchasing an additional 406 shares in the last quarter. 69.78% of the stock is owned by institutional investors.

First Financial Bankshares Price Performance

First Financial Bankshares stock opened at $30.34 on Wednesday. The business has a 50 day simple moving average of $32.22 and a 200 day simple moving average of $32.78. The company has a market capitalization of $4.35 billion, a PE ratio of 17.14 and a beta of 0.83. First Financial Bankshares, Inc. has a one year low of $29.43 and a one year high of $38.74.

First Financial Bankshares (NASDAQ:FFIN) last released its quarterly earnings data on Friday, January 23rd. The bank reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $164.72 million during the quarter, compared to analyst estimates of $165.70 million. During the same period in the prior year, the company posted $0.43 earnings per share. The business’s revenue for the quarter was up 13.1% compared to the same quarter last year. Equities analysts anticipate that First Financial Bankshares, Inc. will post 1.78 earnings per share 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. Shareholders of record on Friday, March 13th will be given a $0.19 dividend. The ex-dividend date is Friday, March 13th. This represents a $0.76 dividend on an annualized basis and a yield of 2.5%. First Financial Bankshares’s payout ratio is 42.94%.

Insiders Place Their Bets

In other news, Director Geoff Haney acquired 10,200 shares of the company’s stock in a transaction dated Friday, February 20th. The stock was bought at an average price of $33.18 per share, with a total value of $338,436.00. Following the completion of the acquisition, the director owned 32,146 shares in the company, valued at approximately $1,066,604.28. This represents a 46.48% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have bought 11,329 shares of company stock worth $375,994 over the last quarter. 3.96% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

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.