SG Americas Securities LLC decreased its holdings in First Financial Bankshares, Inc. (NASDAQ:FFIN – Free Report) by 87.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,746 shares of the bank’s stock after selling 77,719 shares during the period. SG Americas Securities LLC’s holdings in First Financial Bankshares were worth $306,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in FFIN. Steward Financial Group LLC bought a new position in First Financial Bankshares in the 4th quarter valued at $39,000. Dark Forest Capital Management LP raised its position in shares of First Financial Bankshares by 200.9% in the first quarter. Dark Forest Capital Management LP now owns 2,022 shares of the bank’s stock worth $65,000 after buying an additional 1,350 shares in the last quarter. Chilton Capital Management LLC purchased a new stake in shares of First Financial Bankshares in the first quarter worth $109,000. Quadrant Capital Group LLC raised its position in shares of First Financial Bankshares by 205.0% in the fourth quarter. Quadrant Capital Group LLC now owns 3,358 shares of the bank’s stock worth $116,000 after buying an additional 2,257 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of First Financial Bankshares by 40.0% during the 1st quarter. Tower Research Capital LLC TRC now owns 5,283 shares of the bank’s stock worth $169,000 after acquiring an additional 1,509 shares during the last quarter. 54.14% of the stock is owned by institutional investors.
First Financial Bankshares Stock Up 2.2 %
NASDAQ:FFIN opened at $25.12 on Friday. The stock has a market cap of $3.59 billion, a P/E ratio of 16.21 and a beta of 0.76. The firm’s fifty day simple moving average is $28.95 and its 200 day simple moving average is $29.02. First Financial Bankshares, Inc. has a twelve month low of $23.86 and a twelve month high of $46.08.
First Financial Bankshares Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Thursday, September 14th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend is Wednesday, September 13th. First Financial Bankshares’s dividend payout ratio (DPR) is 46.45%.
Insiders Place Their Bets
In related news, Director Johnny Trotter bought 2,500 shares of the company’s stock in a transaction on Monday, August 21st. The shares were acquired at an average cost of $29.04 per share, with a total value of $72,600.00. Following the completion of the acquisition, the director now owns 927,576 shares of the company’s stock, valued at approximately $26,936,807.04. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last three months, insiders have purchased 3,803 shares of company stock valued at $112,147. 4.11% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
A number of equities analysts recently weighed in on FFIN shares. StockNews.com started coverage on First Financial Bankshares in a report on Thursday, August 17th. They set a “sell” rating on the stock. Truist Financial dropped their target price on First Financial Bankshares from $33.00 to $27.00 and set a “hold” rating for the company in a report on Wednesday. 3M reiterated a “maintains” rating on shares of First Financial Bankshares in a report on Thursday, June 29th. Finally, Stephens upped their price target on shares of First Financial Bankshares from $32.00 to $33.00 and gave the company an “equal weight” rating in a report on Friday, July 21st.
Read Our Latest Analysis on First Financial Bankshares
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.
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