First Financial Bankshares, Inc. (NASDAQ:FFIN) Shares Acquired by Hexagon Capital Partners LLC

Hexagon Capital Partners LLC lifted its holdings in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 81.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 927 shares of the bank’s stock after purchasing an additional 415 shares during the quarter. Hexagon Capital Partners LLC’s holdings in First Financial Bankshares were worth $30,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Diversified Trust Co increased its holdings in shares of First Financial Bankshares by 60.8% during the first quarter. Diversified Trust Co now owns 28,432 shares of the bank’s stock valued at $933,000 after acquiring an additional 10,750 shares in the last quarter. Bridge City Capital LLC raised its holdings in shares of First Financial Bankshares by 0.8% in the first quarter. Bridge City Capital LLC now owns 87,506 shares of the bank’s stock worth $2,871,000 after buying an additional 680 shares during the last quarter. Ballentine Partners LLC raised its holdings in shares of First Financial Bankshares by 4.5% in the first quarter. Ballentine Partners LLC now owns 12,130 shares of the bank’s stock worth $398,000 after buying an additional 521 shares during the last quarter. Inscription Capital LLC lifted its stake in shares of First Financial Bankshares by 67.6% during the first quarter. Inscription Capital LLC now owns 24,800 shares of the bank’s stock worth $793,000 after buying an additional 10,000 shares during the period. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of First Financial Bankshares during the first quarter valued at $532,000. 69.78% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other First Financial Bankshares news, Director Johnny Trotter bought 1,500 shares of First Financial Bankshares stock in a transaction dated Thursday, April 25th. The stock was acquired at an average cost of $30.22 per share, with a total value of $45,330.00. Following the purchase, the director now directly owns 940,371 shares in the company, valued at approximately $28,418,011.62. The acquisition was disclosed in a filing with the SEC, which is available at this link. In related news, Director Johnny Trotter purchased 1,500 shares of the business’s stock in a transaction that occurred on Thursday, April 25th. The stock was bought at an average price of $30.22 per share, with a total value of $45,330.00. Following the acquisition, the director now owns 940,371 shares in the company, valued at $28,418,011.62. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sally Pope Davis acquired 1,800 shares of the firm’s stock in a transaction on Thursday, June 6th. The shares were bought at an average cost of $28.75 per share, for a total transaction of $51,750.00. Following the completion of the acquisition, the director now owns 1,800 shares of the company’s stock, valued at $51,750. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 6,743 shares of company stock worth $199,526. 4.22% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Truist Financial lowered their price target on First Financial Bankshares from $34.00 to $32.00 and set a “hold” rating for the company in a research report on Monday, April 22nd. Stephens cut their price target on shares of First Financial Bankshares from $35.00 to $31.00 and set an “equal weight” rating on the stock in a report on Friday, April 19th.

First Financial Bankshares Trading Down 2.2 %

Shares of FFIN stock opened at $28.89 on Tuesday. First Financial Bankshares, Inc. has a twelve month low of $22.84 and a twelve month high of $33.15. The stock has a market cap of $4.13 billion, a P/E ratio of 20.64 and a beta of 0.80. The stock has a 50 day moving average of $29.75 and a 200 day moving average of $30.33.

First Financial Bankshares (NASDAQ:FFIN) last posted its earnings results on Tuesday, April 23rd. The bank reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.02. First Financial Bankshares had a net margin of 30.03% and a return on equity of 14.28%. The firm had revenue of $129.63 million during the quarter, compared to analyst estimates of $129.72 million. During the same period in the previous year, the firm earned $0.39 EPS. The business’s quarterly revenue was up 4.3% on a year-over-year basis. On average, research analysts predict that First Financial Bankshares, Inc. will post 1.48 earnings per share for the current fiscal year.

First Financial Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Friday, June 14th were issued a $0.18 dividend. The ex-dividend date was Friday, June 14th. This represents a $0.72 dividend on an annualized basis and a yield of 2.49%. First Financial Bankshares’s payout ratio is 51.43%.

About First Financial Bankshares

First Financial Bankshares, Inc, through its subsidiaries, provides commercial banking products and services in Texas. The company offers checking, savings and time deposits; automated teller machines, drive-in, and night deposit services; safe deposit facilities, remote deposit capture, internet banking, mobile banking, payroll cards, funds transfer, and performing other customary commercial banking services; securities brokerage services; and trust and wealth management services, including wealth management, estates administration, oil and gas management, testamentary trusts, revocable and irrevocable trusts, and agency accounts.