Orion Portfolio Solutions LLC Purchases New Shares in First Financial Bankshares Inc (NASDAQ:FFIN)
Orion Portfolio Solutions LLC purchased a new position in shares of First Financial Bankshares Inc (NASDAQ:FFIN) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,697 shares of the bank’s stock, valued at approximately $95,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Employees Retirement System of Texas purchased a new stake in First Financial Bankshares during the 4th quarter valued at $1,018,000. Stifel Financial Corp grew its position in First Financial Bankshares by 6.1% during the third quarter. Stifel Financial Corp now owns 96,202 shares of the bank’s stock worth $3,202,000 after buying an additional 5,522 shares during the period. California State Teachers Retirement System increased its holdings in First Financial Bankshares by 1.2% in the third quarter. California State Teachers Retirement System now owns 202,758 shares of the bank’s stock valued at $6,758,000 after buying an additional 2,422 shares in the last quarter. Comerica Bank increased its holdings in First Financial Bankshares by 0.7% in the fourth quarter. Comerica Bank now owns 78,017 shares of the bank’s stock valued at $2,695,000 after buying an additional 545 shares in the last quarter. Finally, Millennium Management LLC purchased a new position in First Financial Bankshares in the third quarter valued at about $1,486,000. Institutional investors own 50.14% of the company’s stock.
Shares of FFIN traded up $1.03 during mid-day trading on Thursday, hitting $26.56. 716,658 shares of the stock were exchanged, compared to its average volume of 572,952. The company has a market cap of $3.82 billion, a PE ratio of 21.95 and a beta of 1.16. First Financial Bankshares Inc has a 52-week low of $20.70 and a 52-week high of $36.45. The firm has a 50-day moving average of $30.15 and a two-hundred day moving average of $33.18.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 16th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.81%. The ex-dividend date is Friday, March 13th. First Financial Bankshares’s payout ratio is 39.67%.
In other First Financial Bankshares news, Director April Kaye Bullock Anthony purchased 10,549 shares of the firm’s stock in a transaction on Thursday, March 12th. The stock was bought at an average price of $21.30 per share, with a total value of $224,693.70. Following the transaction, the director now directly owns 40,230 shares of the company’s stock, valued at approximately $856,899. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Johnny Trotter purchased 4,000 shares of the company’s stock in a transaction on Monday, March 9th. The stock was acquired at an average price of $24.62 per share, with a total value of $98,480.00. Following the purchase, the director now owns 830,926 shares of the company’s stock, valued at $20,457,398.12. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 22,949 shares of company stock valued at $591,466. 4.44% of the stock is owned by company insiders.
Several equities research analysts have recently weighed in on FFIN shares. BidaskClub upgraded shares of First Financial Bankshares from a “strong sell” rating to a “sell” rating in a research report on Tuesday, March 17th. Zacks Investment Research lowered shares of First Financial Bankshares from a “buy” rating to a “hold” rating in a report on Tuesday, March 10th. ValuEngine upgraded shares of First Financial Bankshares from a “strong sell” rating to a “sell” rating in a report on Friday, December 27th. SunTrust Banks boosted their target price on shares of First Financial Bankshares from $35.00 to $37.00 and gave the stock a “hold” rating in a report on Thursday, January 2nd. Finally, Stephens decreased their target price on shares of First Financial Bankshares from $35.00 to $33.00 and set an “equal weight” rating on the stock in a research report on Monday, January 27th. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. First Financial Bankshares currently has a consensus rating of “Hold” and a consensus price target of $34.50.
First Financial Bankshares Company Profile
First Financial Bankshares, Inc, through its subsidiaries, provides commercial banking products and services primarily in Texas. The company accepts checking, savings, and time deposits; and offers real estate, commercial, agricultural, and consumer loans to businesses, professionals, individuals, and farm and ranch operations.
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