First Financial Bankshares, Inc. (NASDAQ:FFIN) Shares Sold by Moody National Bank Trust Division

Moody National Bank Trust Division lessened its stake in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) by 13.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,903 shares of the bank’s stock after selling 922 shares during the period. Moody National Bank Trust Division’s holdings in First Financial Bankshares were worth $213,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Huntington National Bank raised its stake in First Financial Bankshares by 32.2% during the third quarter. Huntington National Bank now owns 2,369 shares of the bank’s stock worth $88,000 after purchasing an additional 577 shares during the period. Quarry LP purchased a new stake in shares of First Financial Bankshares during the 2nd quarter valued at approximately $83,000. Point72 DIFC Ltd acquired a new position in First Financial Bankshares in the second quarter valued at approximately $97,000. Point72 Asset Management L.P. purchased a new position in First Financial Bankshares in the second quarter worth approximately $118,000. Finally, US Bancorp DE increased its stake in First Financial Bankshares by 50.9% during the third quarter. US Bancorp DE now owns 5,026 shares of the bank’s stock worth $186,000 after acquiring an additional 1,696 shares during the last quarter. Institutional investors and hedge funds own 69.78% of the company’s stock.

Insider Transactions at First Financial Bankshares

In other First Financial Bankshares news, CEO F Scott Dueser sold 25,000 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $40.73, for a total transaction of $1,018,250.00. Following the sale, the chief executive officer now owns 471,004 shares in the company, valued at $19,183,992.92. This represents a 5.04 % decrease in their position. The sale 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 dated Thursday, November 7th. The shares were sold at an average price of $41.12, for a total value of $287,840.00. Following the completion of the transaction, the director now owns 101,085 shares of the company’s stock, valued at $4,156,615.20. The trade was a 6.48 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 4.22% of the company’s stock.

First Financial Bankshares Price Performance

NASDAQ FFIN opened at $36.86 on Thursday. The company has a market cap of $5.27 billion, a P/E ratio of 25.42 and a beta of 0.83. The stock has a 50-day moving average of $39.26 and a two-hundred day moving average of $36.90. First Financial Bankshares, Inc. has a 1-year low of $27.06 and a 1-year high of $44.66.

First Financial Bankshares (NASDAQ:FFIN) last announced its quarterly earnings data on Thursday, October 17th. The bank reported $0.39 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.39. The firm had revenue of $142.10 million during the quarter, compared to analysts’ expectations of $140.25 million. First Financial Bankshares had a net margin of 28.76% and a return on equity of 13.43%. On average, analysts anticipate that First Financial Bankshares, Inc. will post 1.52 EPS for the current fiscal year.

First Financial Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th were paid a $0.18 dividend. The ex-dividend date was Friday, December 13th. This represents a $0.72 annualized dividend and a dividend yield of 1.95%. First Financial Bankshares’s dividend payout ratio (DPR) is 49.66%.

Analysts Set New Price Targets

Several equities analysts have recently commented on FFIN shares. Keefe, Bruyette & Woods upped their price target on First Financial Bankshares from $36.00 to $40.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Stephens increased their target price on shares of First Financial Bankshares from $37.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. Truist Financial boosted their price target on shares of First Financial Bankshares from $39.00 to $40.00 and gave the company a “hold” rating in a research note on Friday, September 20th. Finally, Hovde Group increased their price objective on shares of First Financial Bankshares from $34.50 to $40.00 and gave the stock a “market perform” rating in a research report on Monday, October 21st.

First Financial Bankshares Company 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.