Renaissance Technologies LLC Sells 55,000 Shares of First Financial Bankshares, Inc. $FFIN

Renaissance Technologies LLC decreased its stake in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 37.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 92,808 shares of the bank’s stock after selling 55,000 shares during the quarter. Renaissance Technologies LLC owned about 0.06% of First Financial Bankshares worth $2,733,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of FFIN. Northwestern Mutual Wealth Management Co. lifted its position in First Financial Bankshares by 3,042,660.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 21,512,315 shares of the bank’s stock worth $642,573,000 after buying an additional 21,511,608 shares during the last quarter. State Street Corp increased its position in First Financial Bankshares by 1.5% during the fourth quarter. State Street Corp now owns 6,140,759 shares of the bank’s stock valued at $184,551,000 after acquiring an additional 87,988 shares during the last quarter. Dimensional Fund Advisors LP increased its position in First Financial Bankshares by 1.7% during the first quarter. Dimensional Fund Advisors LP now owns 2,760,965 shares of the bank’s stock valued at $81,309,000 after acquiring an additional 45,052 shares during the last quarter. Norges Bank purchased a new stake in shares of First Financial Bankshares in the fourth quarter valued at $51,227,000. Finally, Millennium Management LLC raised its stake in shares of First Financial Bankshares by 4,145.8% in the fourth quarter. Millennium Management LLC now owns 1,709,631 shares of the bank’s stock valued at $51,067,000 after acquiring an additional 1,669,365 shares during the period. Institutional investors own 69.78% of the company’s stock.

First Financial Bankshares Stock Performance

FFIN stock opened at $34.67 on Monday. First Financial Bankshares, Inc. has a one year low of $28.11 and a one year high of $38.12. The firm has a market cap of $4.97 billion, a price-to-earnings ratio of 18.54 and a beta of 0.81. The firm has a 50-day simple moving average of $34.21 and a two-hundred day simple moving average of $32.54.

First Financial Bankshares (NASDAQ:FFIN) last issued its quarterly earnings data on Friday, July 17th. The bank reported $0.50 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.50. The firm had revenue of $172.76 million for the quarter, compared to the consensus estimate of $173.03 million. First Financial Bankshares had a net margin of 31.03% and a return on equity of 14.00%. During the same quarter in the previous year, the firm earned $0.47 EPS. As a group, equities analysts predict that First Financial Bankshares, Inc. will post 2.04 earnings per share for the current fiscal year.

First Financial Bankshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Monday, September 14th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Monday, September 14th. First Financial Bankshares’s payout ratio is currently 47.06%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on FFIN shares. Weiss Ratings raised shares of First Financial Bankshares from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 3rd. Benchmark assumed coverage on shares of First Financial Bankshares in a research report on Wednesday, June 24th. They issued a “buy” rating and a $39.00 price objective on the stock. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $35.00 price objective (up from $34.00) on shares of First Financial Bankshares in a research note on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $36.75.

Insider Activity

In other First Financial Bankshares news, Director Murray Hamilton Edwards purchased 1,000 shares of First Financial Bankshares stock in a transaction dated Thursday, June 11th. The shares were acquired at an average cost of $33.18 per share, with a total value of $33,180.00. Following the completion of the transaction, the director owned 44,634 shares in the company, valued at approximately $1,480,956.12. This trade represents a 2.29% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 3.80% of the company’s stock.

About First Financial Bankshares

First Financial Bankshares, Inc is a regional bank holding company headquartered in Cincinnati, Ohio. Through its primary subsidiary, First Financial Bank, the company offers a full suite of banking products and services to individual, small business and commercial clients. With roots dating back to 1863, First Financial has cultivated a strong community banking heritage, combining personalized service with modern financial solutions.

The company’s core business activities include commercial and consumer lending, deposit products, treasury management, mortgage origination and servicing, and wealth management.