ProShare Advisors LLC Has $1.92 Million Position in First Financial Bankshares, Inc. $FFIN

ProShare Advisors LLC increased its position in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) by 71.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 57,112 shares of the bank’s stock after purchasing an additional 23,802 shares during the period. ProShare Advisors LLC’s holdings in First Financial Bankshares were worth $1,922,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. HHM Wealth Advisors LLC acquired a new position in First Financial Bankshares during the third quarter valued at approximately $25,000. Corsicana & Co. acquired a new position in shares of First Financial Bankshares during the 3rd quarter worth $27,000. State of Wyoming bought a new stake in shares of First Financial Bankshares during the 2nd quarter worth $54,000. Nisa Investment Advisors LLC boosted its stake in First Financial Bankshares by 33.3% in the second quarter. Nisa Investment Advisors LLC now owns 1,648 shares of the bank’s stock valued at $60,000 after buying an additional 412 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its position in First Financial Bankshares by 32.4% in the second quarter. Smartleaf Asset Management LLC now owns 1,661 shares of the bank’s stock valued at $60,000 after acquiring an additional 406 shares during the last quarter. 69.78% of the stock is owned by institutional investors.

First Financial Bankshares Price Performance

Shares of NASDAQ FFIN opened at $33.48 on Friday. The company has a 50 day simple moving average of $31.96 and a 200 day simple moving average of $32.98. First Financial Bankshares, Inc. has a 1 year low of $29.43 and a 1 year high of $38.74. The firm has a market cap of $4.79 billion, a PE ratio of 18.92 and a beta of 0.86.

First Financial Bankshares (NASDAQ:FFIN) last announced its quarterly earnings results on Friday, January 23rd. The bank reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. The firm had revenue of $164.72 million during the quarter, compared to analysts’ expectations of $165.70 million. First Financial Bankshares had a net margin of 30.43% and a return on equity of 14.16%. The company’s revenue was up 13.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.43 EPS. As a group, research analysts anticipate that First Financial Bankshares, Inc. will post 1.78 earnings per share for the current fiscal year.

First Financial Bankshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Friday, March 13th. First Financial Bankshares’s dividend payout ratio (DPR) is currently 42.94%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on FFIN. Weiss Ratings reissued a “hold (c)” rating on shares of First Financial Bankshares in a report on Friday, January 9th. Hovde Group raised shares of First Financial Bankshares from a “market perform” rating to an “outperform” rating and set a $39.00 price objective for the company in a research note on Monday, October 27th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of First Financial Bankshares from $38.00 to $36.00 and set a “market perform” rating on the stock in a research note on Friday, October 24th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $38.00.

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.