Blue Trust Inc. Grows Stock Holdings in First Financial Bankshares, Inc. (NASDAQ:FFIN)

Blue Trust Inc. raised its position in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 1.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,788 shares of the bank’s stock after acquiring an additional 665 shares during the quarter. Blue Trust Inc.’s holdings in First Financial Bankshares were worth $1,362,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of FFIN. Quarry LP purchased a new position in shares of First Financial Bankshares in the second quarter valued at about $83,000. Huntington National Bank increased its position in shares of First Financial Bankshares by 32.2% in 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 period. Point72 DIFC Ltd purchased a new position in shares of First Financial Bankshares in the second quarter valued at about $97,000. Point72 Asset Management L.P. purchased a new position in shares of First Financial Bankshares during the second quarter valued at about $118,000. Finally, US Bancorp DE raised its stake in First Financial Bankshares by 50.9% in the third 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. Hedge funds and other institutional investors own 69.78% of the company’s stock.

Insider Buying and Selling at First Financial Bankshares

In other news, Director Michael B. Denny sold 7,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $41.12, for a total transaction of $287,840.00. Following the sale, the director now owns 101,085 shares in the company, valued at $4,156,615.20. This represents a 6.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO F Scott Dueser sold 25,000 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now owns 471,004 shares in the company, valued at approximately $19,183,992.92. The trade was a 5.04 % decrease in their position. The disclosure for this sale can be found here. Insiders own 4.22% of the company’s stock.

First Financial Bankshares Stock Performance

Shares of NASDAQ FFIN opened at $38.03 on Wednesday. First Financial Bankshares, Inc. has a fifty-two week low of $27.62 and a fifty-two week high of $44.66. The company has a 50 day simple moving average of $38.46 and a two-hundred day simple moving average of $37.41. The company has a market capitalization of $5.43 billion, a price-to-earnings ratio of 26.23 and a beta of 0.83.

First Financial Bankshares (NASDAQ:FFIN) last announced its earnings results on Thursday, January 23rd. The bank reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. First Financial Bankshares had a net margin of 28.76% and a return on equity of 13.43%. On average, analysts forecast that First Financial Bankshares, Inc. will post 1.52 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on FFIN shares. Hovde Group increased their price target on shares of First Financial Bankshares from $34.50 to $40.00 and gave the stock a “market perform” rating in a research note on Monday, October 21st. 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. Finally, Stephens increased their price target on shares of First Financial Bankshares from $37.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th.

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.