Wells Fargo & Company MN lowered its holdings in First Financial Bankshares Inc (NASDAQ:FFIN) by 5.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 341,519 shares of the bank’s stock after selling 19,533 shares during the period. Wells Fargo & Company MN owned approximately 0.52% of First Financial Bankshares worth $15,385,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in FFIN. Wealthstreet Investment Advisors LLC bought a new stake in First Financial Bankshares in the 4th quarter valued at about $797,000. California Public Employees Retirement System boosted its stake in shares of First Financial Bankshares by 2.9% during the fourth quarter. California Public Employees Retirement System now owns 145,564 shares of the bank’s stock valued at $6,558,000 after purchasing an additional 4,153 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in shares of First Financial Bankshares during the fourth quarter valued at about $819,000. CIBC Asset Management Inc acquired a new stake in shares of First Financial Bankshares during the fourth quarter valued at about $233,000. Finally, Aperio Group LLC boosted its stake in shares of First Financial Bankshares by 13.9% during the fourth quarter. Aperio Group LLC now owns 18,057 shares of the bank’s stock valued at $813,000 after purchasing an additional 2,210 shares in the last quarter. 51.58% of the stock is owned by institutional investors.
A number of analysts have recently commented on the company. Zacks Investment Research lowered First Financial Bankshares from a “hold” rating to a “strong sell” rating in a research note on Monday. BidaskClub raised First Financial Bankshares from a “hold” rating to a “buy” rating in a research note on Friday, March 9th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $47.00 price objective on shares of First Financial Bankshares in a research note on Tuesday, February 27th. Hovde Group set a $46.00 price objective on First Financial Bankshares and gave the stock a “hold” rating in a research note on Monday, January 29th. Finally, Sandler O’Neill reaffirmed a “sell” rating and issued a $40.00 price objective on shares of First Financial Bankshares in a research note on Friday, January 26th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $44.86.
In other news, Director Johnny Trotter acquired 11,400 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The stock was purchased at an average price of $45.10 per share, for a total transaction of $514,140.00. Following the completion of the acquisition, the director now directly owns 388,938 shares in the company, valued at approximately $17,541,103.80. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Steven L. Beal sold 15,973 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $47.37, for a total value of $756,641.01. Following the sale, the director now owns 1,465 shares of the company’s stock, valued at approximately $69,397.05. The disclosure for this sale can be found here. Insiders own 4.77% of the company’s stock.
First Financial Bankshares Inc (NASDAQ:FFIN) opened at $48.30 on Thursday. The company has a market capitalization of $3,307.80, a P/E ratio of 28.79 and a beta of 1.33. First Financial Bankshares Inc has a 12 month low of $36.85 and a 12 month high of $49.60.
First Financial Bankshares (NASDAQ:FFIN) last posted its quarterly earnings data on Thursday, January 25th. The bank reported $0.43 EPS for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.01). The company had revenue of $83.20 million during the quarter, compared to analyst estimates of $90.40 million. First Financial Bankshares had a return on equity of 12.61% and a net margin of 35.72%. equities research analysts predict that First Financial Bankshares Inc will post 2.07 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.76 dividend on an annualized basis and a yield of 1.57%. First Financial Bankshares’s payout ratio is currently 41.99%.
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First Financial Bankshares Profile
First Financial Bankshares, Inc is a financial holding company. The Company, through its subsidiaries, conducts commercial banking business. The Company’s subsidiaries included First Financial Bank, National Association, Abilene, Texas; First Technology Services, Inc, Abilene, Texas; First Financial Trust & Asset Management Company, National Association, Abilene, Texas; First Financial Investments, Inc, Abilene, Texas, First Financial Insurance Agency, Inc, Abilene, Texas, Commercial Bancshares, Inc, and Commercial State Bank, Kingwood, Texas.
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