Sanctuary Advisors LLC Reduces Stock Holdings in First Financial Bankshares, Inc. (NASDAQ:FFIN)

Sanctuary Advisors LLC lowered its stake in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) by 7.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 104,589 shares of the bank’s stock after selling 9,018 shares during the quarter. Sanctuary Advisors LLC owned approximately 0.07% of First Financial Bankshares worth $3,935,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Huntington National Bank boosted its position 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 valued at $88,000 after purchasing an additional 577 shares during the period. R Squared Ltd purchased a new stake in First Financial Bankshares in the fourth quarter valued at approximately $88,000. US Bancorp DE boosted its holdings in shares of First Financial Bankshares by 50.9% in the third quarter. US Bancorp DE now owns 5,026 shares of the bank’s stock valued at $186,000 after acquiring an additional 1,696 shares during the period. KBC Group NV grew its position in shares of First Financial Bankshares by 50.5% during the fourth quarter. KBC Group NV now owns 5,422 shares of the bank’s stock worth $195,000 after acquiring an additional 1,819 shares during the last quarter. Finally, Captrust Financial Advisors purchased a new position in shares of First Financial Bankshares during the third quarter worth approximately $205,000. Hedge funds and other institutional investors own 69.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods increased 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 note on Monday, January 27th.

Insider Activity

In related news, CEO F Scott Dueser sold 25,000 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $40.73, for a total value of $1,018,250.00. Following the completion of the sale, the chief executive officer now owns 471,004 shares in the company, valued at $19,183,992.92. This trade represents a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 4.22% of the company’s stock.

First Financial Bankshares Trading Down 1.3 %

First Financial Bankshares stock opened at $36.83 on Friday. The stock has a 50 day moving average of $37.09 and a two-hundred day moving average of $37.57. First Financial Bankshares, Inc. has a twelve month low of $27.62 and a twelve month high of $44.66. The stock has a market capitalization of $5.26 billion, a price-to-earnings ratio of 23.61 and a beta of 0.83.

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

First Financial Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.95%. The ex-dividend date is Friday, March 14th. First Financial Bankshares’s dividend payout ratio (DPR) is presently 46.15%.

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.