First Financial Bankshares, Inc. (NASDAQ:FFIN) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC reduced its holdings in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 1.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 75,357 shares of the bank’s stock after selling 870 shares during the period. Los Angeles Capital Management LLC’s holdings in First Financial Bankshares were worth $2,717,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in FFIN. Huntington National Bank lifted its position in shares of First Financial Bankshares by 32.2% during the 3rd quarter. Huntington National Bank now owns 2,369 shares of the bank’s stock valued at $88,000 after buying an additional 577 shares in the last quarter. R Squared Ltd purchased a new stake in First Financial Bankshares in the 4th quarter worth $88,000. US Bancorp DE raised 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 worth $186,000 after acquiring an additional 1,696 shares during the period. KBC Group NV lifted its holdings in First Financial Bankshares by 50.5% during the fourth quarter. KBC Group NV now owns 5,422 shares of the bank’s stock valued at $195,000 after purchasing an additional 1,819 shares in the last quarter. Finally, Captrust Financial Advisors purchased a new position in First Financial Bankshares during the third quarter valued at $205,000. 69.78% of the stock is currently owned by hedge funds and other institutional investors.

First Financial Bankshares Stock Performance

Shares of FFIN stock opened at $37.23 on Friday. First Financial Bankshares, Inc. has a fifty-two week low of $27.62 and a fifty-two week high of $44.66. The stock’s fifty day moving average is $36.92 and its two-hundred day moving average is $37.65. The firm has a market capitalization of $5.32 billion, a P/E ratio of 23.87 and a beta of 0.83.

First Financial Bankshares (NASDAQ:FFIN) last released its quarterly earnings data on Thursday, January 23rd. The bank reported $0.43 EPS for the quarter, beating analysts’ consensus estimates 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 forecast 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 announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.93%. The ex-dividend date is Friday, March 14th. First Financial Bankshares’s payout ratio is currently 46.15%.

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 stock a “market perform” rating in a research report on Monday, January 27th.

Insiders Place Their Bets

In other news, CEO F Scott Dueser sold 25,000 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now owns 471,004 shares of the company’s stock, valued at approximately $19,183,992.92. The trade was a 5.04 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate 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.