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

Natixis Advisors LLC trimmed its position in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 25.5% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 427,970 shares of the bank’s stock after selling 146,379 shares during the quarter. Natixis Advisors LLC’s holdings in First Financial Bankshares were worth $14,401,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Royal Bank of Canada increased its holdings in shares of First Financial Bankshares by 10.8% during the first quarter. Royal Bank of Canada now owns 64,287 shares of the bank’s stock valued at $2,309,000 after acquiring an additional 6,290 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of First Financial Bankshares by 51.3% in the 1st quarter. AQR Capital Management LLC now owns 118,437 shares of the bank’s stock worth $4,228,000 after purchasing an additional 40,173 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in First Financial Bankshares by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 77,474 shares of the bank’s stock valued at $2,783,000 after purchasing an additional 3,382 shares during the period. Empowered Funds LLC acquired a new stake in First Financial Bankshares in the 1st quarter valued at $1,760,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in First Financial Bankshares by 17.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 396,513 shares of the bank’s stock valued at $14,243,000 after purchasing an additional 59,416 shares in the last quarter. Institutional investors own 69.78% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Michelle S. Hickox purchased 1,000 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The shares were bought at an average cost of $29.50 per share, with a total value of $29,500.00. Following the acquisition, the chief financial officer owned 11,861 shares of the company’s stock, valued at $349,899.50. This represents a 9.21% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Sally Pope Davis purchased 1,800 shares of First Financial Bankshares stock in a transaction that occurred on Friday, March 6th. The shares were bought at an average price of $29.52 per share, with a total value of $53,136.00. Following the transaction, the director owned 10,371 shares of the company’s stock, valued at $306,151.92. This trade represents a 21.00% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have purchased 18,129 shares of company stock valued at $578,710. 4.22% of the stock is currently owned by company insiders.

First Financial Bankshares Stock Down 0.9%

First Financial Bankshares stock opened at $29.61 on Friday. First Financial Bankshares, Inc. has a 52 week low of $28.54 and a 52 week high of $38.74. The company’s 50 day moving average price is $32.18 and its two-hundred day moving average price is $32.53. The stock 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 released its earnings results 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 company had revenue of $164.72 million during the quarter, compared to analyst estimates of $165.70 million. First Financial Bankshares had a return on equity of 14.16% and a net margin of 30.43%.First Financial Bankshares’s quarterly revenue was up 13.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.43 earnings per share. On average, equities analysts anticipate that First Financial Bankshares, Inc. will post 1.78 EPS 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 given a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.76 annualized dividend and a dividend yield of 2.6%. First Financial Bankshares’s dividend payout ratio (DPR) is currently 42.94%.

Analyst Upgrades and Downgrades

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