First Financial Bankshares, Inc. (NASDAQ:FFIN) Holdings Decreased by Blue Trust Inc.

Blue Trust Inc. lowered its stake in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 9.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,589 shares of the bank’s stock after selling 3,534 shares during the quarter. Blue Trust Inc.’s holdings in First Financial Bankshares were worth $1,175,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of FFIN. Lindenwold Advisors INC boosted its stake in First Financial Bankshares by 2.8% during the third quarter. Lindenwold Advisors INC now owns 9,091 shares of the bank’s stock valued at $336,000 after buying an additional 250 shares in the last quarter. Kingsview Wealth Management LLC lifted its holdings in First Financial Bankshares by 1.2% in the 4th quarter. Kingsview Wealth Management LLC now owns 26,649 shares of the bank’s stock valued at $961,000 after acquiring an additional 312 shares during the last quarter. Ballentine Partners LLC boosted its position in shares of First Financial Bankshares by 2.8% during the 3rd quarter. Ballentine Partners LLC now owns 12,190 shares of the bank’s stock valued at $451,000 after purchasing an additional 333 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of First Financial Bankshares by 2.3% in the 4th quarter. Pacer Advisors Inc. now owns 19,170 shares of the bank’s stock worth $691,000 after purchasing an additional 432 shares during the last quarter. Finally, Huntington National Bank raised its holdings in shares of First Financial Bankshares by 32.2% in the 3rd quarter. Huntington National Bank now owns 2,369 shares of the bank’s stock worth $88,000 after purchasing an additional 577 shares in the last quarter. Institutional investors and hedge funds own 69.78% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Hovde Group lifted their price target 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. Keefe, Bruyette & Woods lifted their target price on First Financial Bankshares from $40.00 to $41.00 and gave the stock a “market perform” rating in a report on Monday, January 27th.

Insiders Place Their Bets

In related news, CEO F Scott Dueser sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $40.73, for a total transaction of $1,018,250.00. Following the completion of the sale, the chief executive officer now directly owns 471,004 shares in the company, valued at approximately $19,183,992.92. This trade represents a 5.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 4.22% of the company’s stock.

First Financial Bankshares Price Performance

FFIN stock opened at $37.21 on Friday. The firm has a market capitalization of $5.32 billion, a P/E ratio of 23.85 and a beta of 0.83. First Financial Bankshares, Inc. has a 52-week low of $27.62 and a 52-week high of $44.66. The company’s 50 day simple moving average is $37.36 and its 200-day simple moving average is $37.56.

First Financial Bankshares (NASDAQ:FFIN) last announced its earnings results on Thursday, January 23rd. The bank reported $0.43 earnings per share (EPS) 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%. Sell-side analysts predict that First Financial Bankshares, Inc. will post 1.78 EPS for the current fiscal year.

First Financial Bankshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend is Friday, March 14th. First Financial Bankshares’s dividend payout ratio is currently 46.15%.

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.