Los Angeles Capital Management LLC Sells 870 Shares of First Financial Bankshares, Inc. (NASDAQ:FFIN)

Los Angeles Capital Management LLC trimmed its stake in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 1.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 75,357 shares of the bank’s stock after selling 870 shares during the period. Los Angeles Capital Management LLC owned about 0.05% of First Financial Bankshares worth $2,717,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Huntington National Bank grew its stake in First Financial Bankshares by 32.2% in the third 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. R Squared Ltd purchased a new stake in shares of First Financial Bankshares in the 4th quarter worth $88,000. US Bancorp DE grew its position in shares of First Financial Bankshares by 50.9% during the 3rd quarter. US Bancorp DE now owns 5,026 shares of the bank’s stock worth $186,000 after buying an additional 1,696 shares in the last quarter. KBC Group NV increased its stake 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 valued at $195,000 after buying an additional 1,819 shares during the period. Finally, Captrust Financial Advisors bought a new stake in shares of First Financial Bankshares in the third quarter valued at about $205,000. 69.78% of the stock is currently owned by institutional investors.

First Financial Bankshares Trading Up 0.6 %

FFIN opened at $37.23 on Friday. The firm has a market cap of $5.32 billion, a price-to-earnings ratio of 23.87 and a beta of 0.83. First Financial Bankshares, Inc. has a 12 month low of $27.62 and a 12 month high of $44.66. The stock has a fifty day moving average price of $36.92 and a 200-day moving average price of $37.65.

First Financial Bankshares (NASDAQ:FFIN) last released its quarterly earnings results on Thursday, January 23rd. The bank reported $0.43 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%. On average, equities research analysts forecast that First Financial Bankshares, Inc. will post 1.78 EPS for the current year.

First Financial Bankshares Announces Dividend

The company also recently declared 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 of this dividend is Friday, March 14th. First Financial Bankshares’s dividend payout ratio is currently 46.15%.

Insiders Place Their Bets

In other news, CEO F Scott Dueser sold 25,000 shares of the company’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 in the company, valued at $19,183,992.92. This represents a 5.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 4.22% of the company’s stock.

Analyst Ratings Changes

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

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.