Amalgamated Bank Decreases Stock Position in First Financial Bankshares, Inc. (NASDAQ:FFIN)

Amalgamated Bank decreased its position in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) by 5.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,964 shares of the bank’s stock after selling 3,555 shares during the period. Amalgamated Bank’s holdings in First Financial Bankshares were worth $2,182,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in FFIN. Emerald Advisers LLC bought a new stake in First Financial Bankshares in the 3rd quarter worth approximately $8,235,000. Emerald Mutual Fund Advisers Trust increased its position in First Financial Bankshares by 784.6% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 185,053 shares of the bank’s stock worth $6,849,000 after purchasing an additional 164,133 shares during the last quarter. Rosenthal Henry Capital Advisors Inc. raised its stake in First Financial Bankshares by 6.4% during the third quarter. Rosenthal Henry Capital Advisors Inc. now owns 80,550 shares of the bank’s stock valued at $2,981,000 after purchasing an additional 4,850 shares in the last quarter. US Bancorp DE lifted its position in First Financial Bankshares by 50.9% during the third quarter. US Bancorp DE now owns 5,026 shares of the bank’s stock valued at $186,000 after purchasing an additional 1,696 shares during the last quarter. Finally, Vista Finance LLC bought a new position in First Financial Bankshares during the third quarter valued at $777,000. 69.78% of the stock is owned by institutional investors.

Insider Transactions at First Financial Bankshares

In other news, Director Michael B. Denny sold 7,000 shares of First Financial Bankshares stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $41.12, for a total transaction of $287,840.00. Following the completion of the sale, the director now owns 101,085 shares of the company’s stock, valued at approximately $4,156,615.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 4.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on FFIN shares. Hovde Group upped their target price on shares of First Financial Bankshares from $34.50 to $40.00 and gave the company a “market perform” rating in a research report on Monday, October 21st. Truist Financial upped their price objective on First Financial Bankshares from $39.00 to $40.00 and gave the company a “hold” rating in a research report on Friday, September 20th. Finally, Stephens lifted their target price on First Financial Bankshares from $37.00 to $40.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th.

First Financial Bankshares Trading Up 3.9 %

Shares of NASDAQ:FFIN opened at $42.91 on Tuesday. First Financial Bankshares, Inc. has a 12 month low of $24.31 and a 12 month high of $43.50. The company has a market capitalization of $6.13 billion, a price-to-earnings ratio of 29.59 and a beta of 0.78. The firm’s 50-day moving average is $37.04 and its 200 day moving average is $33.79.

First Financial Bankshares (NASDAQ:FFIN) last released its earnings results on Thursday, October 17th. The bank reported $0.39 EPS for the quarter, meeting analysts’ consensus estimates of $0.39. First Financial Bankshares had a return on equity of 13.43% and a net margin of 28.76%. The firm had revenue of $142.10 million for the quarter, compared to analysts’ expectations of $140.25 million. As a group, equities analysts forecast that First Financial Bankshares, Inc. will post 1.52 EPS for the current fiscal year.

First Financial Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be given a dividend of $0.18 per share. The ex-dividend date is Thursday, December 12th. This represents a $0.72 annualized dividend and a dividend yield of 1.68%. First Financial Bankshares’s dividend payout ratio (DPR) is 49.66%.

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.