First Financial Bankshares, Inc. (NASDAQ:FFIN) Shares Sold by TFC Financial Management Inc.

TFC Financial Management Inc. cut its holdings in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) by 14.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,796 shares of the bank’s stock after selling 2,765 shares during the period. TFC Financial Management Inc.’s holdings in First Financial Bankshares were worth $606,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Strategic Financial Concepts LLC lifted its position in First Financial Bankshares by 3,508.3% in the fourth quarter. Strategic Financial Concepts LLC now owns 2,807,834 shares of the bank’s stock worth $101,222,000 after purchasing an additional 2,730,017 shares during the period. State Street Corp increased its holdings in shares of First Financial Bankshares by 4.7% in the third quarter. State Street Corp now owns 6,222,092 shares of the bank’s stock valued at $231,381,000 after buying an additional 281,166 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of First Financial Bankshares by 8.0% in the third quarter. Geode Capital Management LLC now owns 3,361,921 shares of the bank’s stock valued at $124,446,000 after buying an additional 249,011 shares in the last quarter. Champlain Investment Partners LLC increased its holdings in shares of First Financial Bankshares by 6.8% in the third quarter. Champlain Investment Partners LLC now owns 3,516,329 shares of the bank’s stock valued at $130,139,000 after buying an additional 223,640 shares in the last quarter. Finally, Emerald Advisers LLC bought a new position in shares of First Financial Bankshares in the third quarter valued at $8,235,000. 69.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Keefe, Bruyette & Woods upped their price target 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. Stephens boosted their price target on shares of First Financial Bankshares from $37.00 to $40.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. Finally, Hovde Group boosted their price target on shares of First Financial Bankshares from $34.50 to $40.00 and gave the company a “market perform” rating in a report on Monday, October 21st.

First Financial Bankshares Trading Down 2.1 %

Shares of NASDAQ:FFIN opened at $37.32 on Thursday. The stock has a market capitalization of $5.33 billion, a PE ratio of 23.92 and a beta of 0.83. First Financial Bankshares, Inc. has a 1 year low of $27.62 and a 1 year high of $44.66. The firm has a fifty day moving average price of $37.58 and a 200 day moving average price of $37.57.

First Financial Bankshares (NASDAQ:FFIN) last issued its quarterly earnings data 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 net margin of 29.69% and a return on equity of 14.24%. On average, sell-side analysts forecast that First Financial Bankshares, Inc. will post 1.78 earnings per share for the current fiscal year.

First Financial Bankshares Dividend Announcement

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 dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date is Friday, March 14th. First Financial Bankshares’s dividend payout ratio (DPR) is 46.15%.

Insider Buying and Selling at First Financial Bankshares

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 completion of the transaction, the chief executive officer now owns 471,004 shares of the company’s stock, valued at approximately $19,183,992.92. This represents a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.22% of the company’s stock.

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.