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:FFIN) 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.

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:FFIN) 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

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.