Northwestern Mutual Wealth Management Co. Buys 21,511,608 Shares of First Financial Bankshares, Inc. $FFIN

16 May 2026, 06:11 by Doug Wharley · The Cerbat Gem

Northwestern Mutual Wealth Management Co. boosted its stake in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN – Free Report) by 3,042,660.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,512,315 shares of the bank’s stock after acquiring an additional 21,511,608 shares during the quarter. Northwestern Mutual Wealth Management Co. owned approximately 0.15% of First Financial Bankshares worth $642,573,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its holdings in First Financial Bankshares by 31.8% during the 3rd quarter. Bank of America Corp DE now owns 1,290,749 shares of the bank’s stock worth $43,434,000 after acquiring an additional 311,628 shares during the last quarter. Invesco Ltd. grew its holdings in First Financial Bankshares by 3.9% during the 3rd quarter. Invesco Ltd. now owns 1,144,070 shares of the bank’s stock worth $38,498,000 after acquiring an additional 43,042 shares during the last quarter. UBS Group AG grew its holdings in First Financial Bankshares by 72.7% during the 4th quarter. UBS Group AG now owns 710,699 shares of the bank’s stock worth $21,229,000 after acquiring an additional 299,079 shares during the last quarter. AQR Capital Management LLC grew its holdings in First Financial Bankshares by 314.0% during the 2nd quarter. AQR Capital Management LLC now owns 490,284 shares of the bank’s stock worth $17,640,000 after acquiring an additional 371,847 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in First Financial Bankshares by 40.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 472,557 shares of the bank’s stock worth $15,902,000 after acquiring an additional 135,804 shares during the last quarter. Institutional investors own 69.78% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on FFIN. Keefe, Bruyette & Woods decreased their price objective on shares of First Financial Bankshares from $36.00 to $34.00 and set a “market perform” rating on the stock in a report on Thursday, April 9th. Weiss Ratings reissued a “hold (c)” rating on shares of First Financial Bankshares in a report on Wednesday, April 8th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, First Financial Bankshares has a consensus rating of “Hold” and a consensus price target of $37.33.

Get Our Latest Stock Analysis on FFIN

First Financial Bankshares Trading Down 1.0%

Shares of NASDAQ FFIN opened at $31.10 on Friday. The firm has a market capitalization of $4.46 billion, a PE ratio of 16.90 and a beta of 0.83. First Financial Bankshares, Inc. has a 1 year low of $28.11 and a 1 year high of $38.74. The firm’s 50-day moving average is $30.80 and its 200-day moving average is $31.39.

First Financial Bankshares (NASDAQ:FFIN – Get Free Report) last issued its earnings results on Friday, April 17th. The bank reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.03. The company had revenue of $166.89 million for the quarter, compared to analyst estimates of $166.78 million. First Financial Bankshares had a net margin of 31.00% and a return on equity of 14.20%. During the same quarter last year, the firm earned $0.43 EPS. As a group, equities research analysts anticipate that First Financial Bankshares, Inc. will post 2.04 earnings per share for the current fiscal year.

First Financial Bankshares Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 12th will be given a $0.22 dividend. The ex-dividend date is Friday, June 12th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.8%. This is a positive change from First Financial Bankshares’s previous quarterly dividend of $0.19. First Financial Bankshares’s dividend payout ratio is 47.83%.

Insiders Place Their Bets

In other news, Director Johnny Trotter purchased 1,000 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The shares were acquired at an average cost of $29.26 per share, for a total transaction of $29,260.00. Following the transaction, the director directly owned 956,444 shares of the company’s stock, valued at approximately $27,985,551.44. The trade was a 0.10% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CFO Michelle S. Hickox purchased 1,000 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The stock was purchased at an average price of $29.50 per share, for a total transaction of $29,500.00. Following the completion of the transaction, the chief financial officer directly owned 11,861 shares in the company, valued at $349,899.50. This trade represents a 9.21% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 21,164 shares of company stock worth $664,723 over the last ninety days. Company insiders own 3.80% of the company’s stock.

About First Financial Bankshares

(Free Report)

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.