Commonwealth Equity Services LLC Cuts Holdings in First Financial Bankshares, Inc. (NASDAQ:FFIN)

Commonwealth Equity Services LLC decreased its holdings in First Financial Bankshares, Inc. (NASDAQ:FFINFree Report) by 0.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 436,618 shares of the bank’s stock after selling 534 shares during the period. Commonwealth Equity Services LLC owned about 0.31% of First Financial Bankshares worth $15,740,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Assetmark Inc. bought a new stake in shares of First Financial Bankshares in the 4th quarter valued at about $33,000. Huntington National Bank lifted its position 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 acquiring an additional 577 shares during the last quarter. R Squared Ltd purchased a new stake in First Financial Bankshares during the fourth quarter valued at approximately $88,000. KBC Group NV boosted its stake in First Financial Bankshares by 50.5% in the fourth quarter. KBC Group NV now owns 5,422 shares of the bank’s stock valued at $195,000 after acquiring an additional 1,819 shares in the last quarter. Finally, US Bancorp DE grew its holdings in First Financial Bankshares by 7.4% in the fourth quarter. US Bancorp DE now owns 5,396 shares of the bank’s stock worth $195,000 after purchasing an additional 370 shares during the last quarter. Hedge funds and other institutional investors own 69.78% of the company’s stock.

Analyst Upgrades and Downgrades

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

Get Our Latest Stock Analysis on First Financial Bankshares

Insider Activity at First Financial Bankshares

In other First Financial Bankshares news, Director Johnny Trotter acquired 6,000 shares of the firm’s stock in a transaction on Wednesday, March 12th. The stock was acquired at an average cost 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 approximately $33,341,909.52. The trade was a 0.64 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.22% of the stock is owned by insiders.

First Financial Bankshares Trading Down 0.1 %

NASDAQ FFIN opened at $35.75 on Tuesday. First Financial Bankshares, Inc. has a 12-month low of $27.62 and a 12-month high of $44.66. The company has a fifty day simple moving average of $36.89 and a two-hundred day simple moving average of $37.74. The stock has a market cap of $5.11 billion, a P/E ratio of 22.92 and a beta of 0.78.

First Financial Bankshares (NASDAQ:FFINGet Free Report) last issued its earnings results on Thursday, January 23rd. The bank reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. First Financial Bankshares had a return on equity of 14.24% and a net margin of 29.69%. As a group, sell-side analysts forecast that First Financial Bankshares, Inc. will post 1.78 earnings per share for the current year.

First Financial Bankshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a $0.18 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.72 dividend on an annualized basis and a yield of 2.01%. First Financial Bankshares’s dividend payout ratio is currently 46.15%.

About First Financial Bankshares

(Free Report)

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.

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Institutional Ownership by Quarter for First Financial Bankshares (NASDAQ:FFIN)

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