Fri Sep 20 07:35:02 UTC 2024: ## Victory Capital Management Increases Stake in First Financial Bankshares
**New York, NY – September 20, 2024** – Victory Capital Management Inc. has increased its holdings in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 28.2% in the second quarter, according to HoldingsChannel.com. The investment firm now owns 39,965 shares of the bank, valued at $1,180,000.
This move follows a trend of increasing institutional interest in FFIN. Other hedge funds and institutional investors have also recently bought and sold shares of the company, including Olistico Wealth LLC, Hexagon Capital Partners LLC, Neo Ivy Capital Management, and SYSTM Wealth Solutions LLC.
Analysts are also optimistic about FFIN’s future. Truist Financial recently boosted their price target on the stock from $31.00 to $39.00, while Stephens raised their target from $31.00 to $36.00.
FFIN recently reported strong second-quarter earnings, exceeding analysts’ expectations. The bank reported $0.37 EPS, beating estimates by $0.01, and revenue of $184.94 million, exceeding estimates of $134.10 million. The company also declared a quarterly dividend of $0.18 per share, payable on October 1st.
With a market cap of $5.55 billion and strong performance in recent quarters, FFIN remains a popular choice for investors.
**Disclaimer:** This article is based on publicly available information and should not be considered as financial advice.
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