Hedge Funds Are Getting Bullish On First Financial Bankshares Inc (FFIN)

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At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (see why hell is coming). We reversed our stance on March 25th after seeing unprecedented fiscal and monetary stimulus unleashed by the Fed and the Congress. This is the perfect market for stock pickers, now that the stocks are fully valued again. In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each stock might be going. In this article, we will take a closer look at hedge fund sentiment towards First Financial Bankshares Inc (NASDAQ:FFIN) at the end of the second quarter and determine whether the smart money was really smart about this stock.First Financial Bankshares Inc (NASDAQ:FFIN) has experienced an increase in enthusiasm from smart money in recent months. First Financial Bankshares Inc (NASDAQ:FFIN) was in 18 hedge funds’ portfolios at the end of June. The all time high for this statistics is 16. This means the bullish number of hedge fund positions in this stock currently sits at its all time high. There were 14 hedge funds in our database with FFIN positions …

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