First Financial Bankshares, Inc. (NASDAQ:FFIN) Shares Bought by Millennium Management LLC

Millennium Management LLC grew its stake in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) by 1.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 176,774 shares of the bank’s stock after acquiring an additional 1,826 shares during the period. Millennium Management LLC owned about 0.12% of First Financial Bankshares worth $5,220,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Olistico Wealth LLC acquired a new stake in shares of First Financial Bankshares during the 2nd quarter valued at $29,000. Hexagon Capital Partners LLC lifted its holdings in shares of First Financial Bankshares by 81.1% in the first quarter. Hexagon Capital Partners LLC now owns 927 shares of the bank’s stock valued at $30,000 after purchasing an additional 415 shares in the last quarter. Neo Ivy Capital Management purchased a new stake in shares of First Financial Bankshares in the second quarter valued at $41,000. Point72 DIFC Ltd purchased a new stake in shares of First Financial Bankshares in the second quarter valued at $97,000. Finally, Crewe Advisors LLC lifted its holdings in shares of First Financial Bankshares by 6.0% in the second quarter. Crewe Advisors LLC now owns 5,265 shares of the bank’s stock valued at $155,000 after purchasing an additional 296 shares in the last quarter. Institutional investors and hedge funds own 69.78% of the company’s stock.

First Financial Bankshares Trading Up 2.8 %

Shares of NASDAQ:FFIN opened at $37.18 on Friday. First Financial Bankshares, Inc. has a 1 year low of $22.84 and a 1 year high of $39.53. The business has a fifty day simple moving average of $36.03 and a 200 day simple moving average of $32.73. The firm has a market cap of $5.31 billion, a price-to-earnings ratio of 26.56 and a beta of 0.78.

First Financial Bankshares (NASDAQ:FFIN) last announced its quarterly earnings data on Thursday, July 18th. The bank reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.01. First Financial Bankshares had a return on equity of 14.01% and a net margin of 29.13%. The business had revenue of $184.94 million during the quarter, compared to analyst estimates of $134.10 million. On average, sell-side analysts forecast that First Financial Bankshares, Inc. will post 1.52 EPS for the current year.

First Financial Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Thursday, September 12th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $0.72 annualized dividend and a dividend yield of 1.94%. First Financial Bankshares’s dividend payout ratio is 51.43%.

Wall Street Analysts Forecast Growth

FFIN has been the subject of a number of research analyst reports. Truist Financial increased their target price on First Financial Bankshares from $39.00 to $40.00 and gave the company a “hold” rating in a report on Friday, September 20th. Stephens increased their target price on First Financial Bankshares from $31.00 to $36.00 and gave the company an “equal weight” rating in a report on Friday, July 19th.

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.