First Financial Bankshares, Inc. (NASDAQ:FFIN) Shares Sold by First Financial Bankshares Inc

First Financial Bankshares Inc cut its holdings in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) by 2.9% in the 4th quarter, Holdings Channel reports. The firm owned 17,313,555 shares of the bank’s stock after selling 514,308 shares during the period. First Financial Bankshares makes up approximately 13.5% of First Financial Bankshares Inc’s portfolio, making the stock its largest holding. First Financial Bankshares Inc owned about 0.12% of First Financial Bankshares worth $624,154,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Assetmark Inc. acquired a new stake in First Financial Bankshares during the fourth quarter valued at approximately $33,000. Huntington National Bank lifted 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 valued at $88,000 after purchasing an additional 577 shares during the last quarter. R Squared Ltd acquired a new stake in First Financial Bankshares during the fourth quarter valued at approximately $88,000. Harvest Fund Management Co. Ltd lifted its stake in First Financial Bankshares by 1,497.0% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 3,242 shares of the bank’s stock valued at $118,000 after purchasing an additional 3,039 shares during the last quarter. Finally, US Bancorp DE lifted its position in shares of First Financial Bankshares by 7.4% in the 4th quarter. US Bancorp DE now owns 5,396 shares of the bank’s stock valued at $195,000 after acquiring an additional 370 shares in the last quarter. 69.78% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods upped their price target on shares of First Financial Bankshares from $40.00 to $41.00 and gave the company a “market perform” rating in a research report on Monday, January 27th.

First Financial Bankshares Stock Performance

Shares of NASDAQ:FFIN opened at $35.60 on Wednesday. The company has a market cap of $5.09 billion, a PE ratio of 22.82 and a beta of 0.78. First Financial Bankshares, Inc. has a 52 week low of $27.62 and a 52 week high of $44.66. The firm has a 50 day simple moving average of $36.89 and a 200 day simple moving average of $37.73.

First Financial Bankshares (NASDAQ:FFIN) last released its quarterly earnings data on Thursday, January 23rd. The bank reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.03. First Financial Bankshares had a net margin of 29.69% and a return on equity of 14.24%. On average, equities analysts predict that First Financial Bankshares, Inc. will post 1.78 earnings per share for the current year.

First Financial Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.72 annualized dividend and a yield of 2.02%. First Financial Bankshares’s dividend payout ratio is presently 46.15%.

Insider Buying and Selling at First Financial Bankshares

In related news, Director Johnny Trotter acquired 6,000 shares of the company’s stock in a transaction on Wednesday, March 12th. The shares were purchased at an average price of $35.12 per share, for a total transaction of $210,720.00. Following the purchase, the director now owns 949,371 shares in the company, valued at $33,341,909.52. This represents a 0.64 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 4.22% of the company’s stock.

About First Financial Bankshares

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.