Healthcare of Ontario Pension Plan Trust Fund Sells 59,499 Shares of First Financial Bankshares, Inc. $FFIN

Healthcare of Ontario Pension Plan Trust Fund reduced its position in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 85.7% in the first quarter, Holdings Channel.com reports. The fund owned 9,967 shares of the bank’s stock after selling 59,499 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in First Financial Bankshares were worth $294,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its holdings in First Financial Bankshares by 3,042,660.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 21,512,315 shares of the bank’s stock worth $642,573,000 after acquiring an additional 21,511,608 shares during the period. Norges Bank purchased a new position in shares of First Financial Bankshares during the 4th quarter valued at $51,227,000. Millennium Management LLC raised its position in shares of First Financial Bankshares by 4,145.8% in the fourth quarter. Millennium Management LLC now owns 1,709,631 shares of the bank’s stock worth $51,067,000 after buying an additional 1,669,365 shares in the last quarter. Invesco Ltd. raised its position in shares of First Financial Bankshares by 170.9% in the second quarter. Invesco Ltd. now owns 1,101,028 shares of the bank’s stock worth $39,615,000 after buying an additional 694,534 shares in the last quarter. Finally, Tudor Investment Corp ET AL raised its position in shares of First Financial Bankshares by 460.0% in the fourth quarter. Tudor Investment Corp ET AL now owns 503,246 shares of the bank’s stock worth $15,032,000 after buying an additional 413,376 shares in the last quarter. 69.78% of the stock is currently owned by institutional investors.

First Financial Bankshares Price Performance

Shares of FFIN stock opened at $35.14 on Monday. The business has a 50-day moving average price of $33.95 and a two-hundred day moving average price of $32.44. First Financial Bankshares, Inc. has a 12-month low of $28.11 and a 12-month high of $38.12. The firm has a market cap of $5.03 billion, a P/E ratio of 18.79 and a beta of 0.81.

First Financial Bankshares (NASDAQ:FFIN) last announced its quarterly earnings data on Friday, July 17th. The bank reported $0.50 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.50. The company had revenue of $172.76 million for the quarter, compared to analysts’ expectations of $173.03 million. First Financial Bankshares had a return on equity of 14.00% and a net margin of 31.03%.During the same period last year, the firm posted $0.47 EPS. As a group, research analysts expect that First Financial Bankshares, Inc. will post 2.04 EPS for the current fiscal year.

Insider Buying and Selling

In other First Financial Bankshares news, Director Murray Hamilton Edwards purchased 1,000 shares of First Financial Bankshares stock in a transaction on Thursday, June 11th. The shares were acquired at an average cost of $33.18 per share, for a total transaction of $33,180.00. Following the completion of the transaction, the director directly owned 44,634 shares of the company’s stock, valued at approximately $1,480,956.12. The trade was a 2.29% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have purchased 2,364 shares of company stock worth $78,824 in the last quarter. 3.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Cantor Fitzgerald restated a “neutral” rating and set a $35.00 target price (up from $34.00) on shares of First Financial Bankshares in a research report on Wednesday, July 15th. Keefe, Bruyette & Woods dropped their price target on First Financial Bankshares from $36.00 to $34.00 and set a “market perform” rating for the company in a research report on Thursday, April 9th. Weiss Ratings raised First Financial Bankshares from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, July 20th. Finally, Benchmark assumed coverage on shares of First Financial Bankshares in a research note on Wednesday, June 24th. They issued a “buy” rating and a $39.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, First Financial Bankshares presently has an average rating of “Moderate Buy” and a consensus target price of $36.75.

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.