Strategic Financial Concepts LLC Has $2.89 Million Stake in First Financial Bankshares, Inc. (NASDAQ:FFIN)

Strategic Financial Concepts LLC lifted its position in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) by 3.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80,190 shares of the bank’s stock after buying an additional 2,373 shares during the period. Strategic Financial Concepts LLC’s holdings in First Financial Bankshares were worth $2,891,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. State Street Corp lifted its stake in First Financial Bankshares by 4.7% in the 3rd quarter. State Street Corp now owns 6,222,092 shares of the bank’s stock valued at $231,381,000 after acquiring an additional 281,166 shares in the last quarter. Geode Capital Management LLC boosted its holdings in First Financial Bankshares by 8.0% during the third quarter. Geode Capital Management LLC now owns 3,361,921 shares of the bank’s stock worth $124,446,000 after purchasing an additional 249,011 shares during the last quarter. Champlain Investment Partners LLC boosted its holdings in First Financial Bankshares by 6.8% during the third quarter. Champlain Investment Partners LLC now owns 3,516,329 shares of the bank’s stock worth $130,139,000 after purchasing an additional 223,640 shares during the last quarter. Emerald Advisers LLC acquired a new stake in First Financial Bankshares in the 3rd quarter valued at $8,235,000. Finally, Natixis Advisors LLC lifted its position in First Financial Bankshares by 37.5% during the 3rd quarter. Natixis Advisors LLC now owns 613,381 shares of the bank’s stock worth $22,701,000 after buying an additional 167,433 shares in the last quarter. 69.78% of the stock is currently owned by institutional investors.

First Financial Bankshares Price Performance

First Financial Bankshares stock opened at $37.21 on Monday. The company’s 50-day moving average is $37.36 and its 200-day moving average is $37.56. The firm has a market capitalization of $5.32 billion, a PE ratio of 23.85 and a beta of 0.83. First Financial Bankshares, Inc. has a fifty-two week low of $27.62 and a fifty-two week high of $44.66.

First Financial Bankshares (NASDAQ:FFIN) last announced its quarterly earnings results on Thursday, January 23rd. The bank reported $0.43 earnings per share 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, analysts expect that First Financial Bankshares, Inc. will post 1.78 EPS for the current year.

First Financial Bankshares Announces Dividend

The firm 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 annualized dividend and a yield of 1.93%. The ex-dividend date is Friday, March 14th. First Financial Bankshares’s dividend payout ratio is 46.15%.

Analyst Upgrades and Downgrades

FFIN has been the subject of several analyst reports. Keefe, Bruyette & Woods raised 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. Hovde Group raised their price target on First Financial Bankshares from $34.50 to $40.00 and gave the company a “market perform” rating in a research note on Monday, October 21st.

Insiders Place Their Bets

In other news, CEO F Scott Dueser sold 25,000 shares of the firm’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 sale, the chief executive officer now owns 471,004 shares in the company, valued at approximately $19,183,992.92. This trade represents a 5.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 4.22% of the company’s stock.

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.