R Squared Ltd Invests $88,000 in First Financial Bankshares, Inc. (NASDAQ:FFIN)

R Squared Ltd acquired a new stake in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,440 shares of the bank’s stock, valued at approximately $88,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Huntington National Bank boosted its holdings in shares of First Financial Bankshares by 32.2% during the third quarter. Huntington National Bank now owns 2,369 shares of the bank’s stock valued at $88,000 after acquiring an additional 577 shares during the period. Quarry LP acquired a new position in First Financial Bankshares during the 2nd quarter valued at about $83,000. Point72 Asset Management L.P. acquired a new stake in shares of First Financial Bankshares in the second quarter valued at approximately $118,000. US Bancorp DE increased its stake in shares of First Financial Bankshares by 50.9% in the third quarter. US Bancorp DE now owns 5,026 shares of the bank’s stock valued at $186,000 after purchasing an additional 1,696 shares during the period. Finally, KBC Group NV raised its holdings in shares of First Financial Bankshares by 50.5% during the fourth quarter. KBC Group NV now owns 5,422 shares of the bank’s stock valued at $195,000 after buying an additional 1,819 shares during the last quarter. 69.78% of the stock is currently owned by institutional investors.

Insider Buying and Selling at First Financial Bankshares

In related news, CEO F Scott Dueser sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $40.73, for a total value of $1,018,250.00. Following the sale, the chief executive officer now directly owns 471,004 shares in the company, valued at $19,183,992.92. The trade was a 5.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael B. Denny sold 7,000 shares of First Financial Bankshares stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $41.12, for a total transaction of $287,840.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. 4.22% of the stock is owned by corporate insiders.

First Financial Bankshares Price Performance

FFIN opened at $37.62 on Friday. The business has a 50 day moving average price of $38.34 and a two-hundred day moving average price of $37.46. The company has a market capitalization of $5.38 billion, a price-to-earnings ratio of 25.94 and a beta of 0.83. First Financial Bankshares, Inc. has a 1-year low of $27.62 and a 1-year high of $44.66.

First Financial Bankshares (NASDAQ:FFIN) last announced its quarterly earnings data on Thursday, January 23rd. The bank reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.03. First Financial Bankshares had a return on equity of 13.43% and a net margin of 28.76%. Equities analysts expect that First Financial Bankshares, Inc. will post 1.52 EPS for the current fiscal year.

Analyst Ratings Changes

FFIN has been the topic of several analyst reports. Hovde Group raised their target price on First Financial Bankshares from $34.50 to $40.00 and gave the company a “market perform” rating in a research report on Monday, October 21st. Stephens lifted their price objective on shares of First Financial Bankshares from $37.00 to $40.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of First Financial Bankshares from $40.00 to $41.00 and gave the stock a “market perform” rating in a report on Monday.

First Financial Bankshares 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.