Advantage Alpha Capital Partners LP Has $554,000 Stock Position in First Financial Bankshares, Inc. (NASDAQ:FFIN)

Advantage Alpha Capital Partners LP increased its position in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) by 22.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,966 shares of the bank’s stock after acquiring an additional 2,754 shares during the quarter. Advantage Alpha Capital Partners LP’s holdings in First Financial Bankshares were worth $554,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Algert Global LLC raised its stake in shares of First Financial Bankshares by 30.8% during the third quarter. Algert Global LLC now owns 15,979 shares of the bank’s stock worth $591,000 after buying an additional 3,760 shares during the last quarter. Kingsview Wealth Management LLC raised its position in shares of First Financial Bankshares by 6.9% during the 3rd quarter. Kingsview Wealth Management LLC now owns 26,337 shares of the bank’s stock valued at $975,000 after acquiring an additional 1,705 shares during the last quarter. Champlain Investment Partners LLC raised its position in shares of First Financial Bankshares by 6.8% during the 3rd quarter. Champlain Investment Partners LLC now owns 3,516,329 shares of the bank’s stock valued at $130,139,000 after acquiring an additional 223,640 shares during the last quarter. Citigroup Inc. lifted its stake in shares of First Financial Bankshares by 27.0% in the 3rd quarter. Citigroup Inc. now owns 250,553 shares of the bank’s stock valued at $9,273,000 after purchasing an additional 53,195 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of First Financial Bankshares by 3.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,701,180 shares of the bank’s stock worth $62,961,000 after purchasing an additional 62,538 shares during the last quarter. Institutional investors own 69.78% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on FFIN. 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 research note on Friday, September 20th. Stephens increased their price target on shares of First Financial Bankshares from $37.00 to $40.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. Finally, Hovde Group boosted their price objective on shares of First Financial Bankshares from $34.50 to $40.00 and gave the company a “market perform” rating in a report on Monday, October 21st.

First Financial Bankshares Stock Up 0.7 %

NASDAQ:FFIN opened at $43.05 on Tuesday. First Financial Bankshares, Inc. has a twelve month low of $25.99 and a twelve month high of $44.66. The firm has a market capitalization of $6.15 billion, a price-to-earnings ratio of 29.69 and a beta of 0.78. The stock’s 50 day moving average price is $38.31 and its two-hundred day moving average price is $34.66.

First Financial Bankshares (NASDAQ:FFIN) last posted its quarterly earnings results on Thursday, October 17th. The bank reported $0.39 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.39. First Financial Bankshares had a net margin of 28.76% and a return on equity of 13.43%. The firm had revenue of $142.10 million for the quarter, compared to analyst estimates of $140.25 million. As a group, analysts anticipate that First Financial Bankshares, Inc. will post 1.52 earnings per share for the current year.

First Financial Bankshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend is Friday, December 13th. First Financial Bankshares’s dividend payout ratio (DPR) is presently 49.66%.

Insider Activity

In other news, Director Michael B. Denny sold 7,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $41.12, for a total transaction of $287,840.00. Following the completion of the sale, the director now owns 101,085 shares in the company, valued at approximately $4,156,615.20. This trade represents a 6.48 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 4.22% of the company’s stock.

First Financial Bankshares Company Profile

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.