Fuller & Thaler Asset Management Inc. Sells 13,948 Shares of First Financial Bankshares, Inc. (NASDAQ:FFIN)

Fuller & Thaler Asset Management Inc. trimmed its position in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 1.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 915,859 shares of the bank’s stock after selling 13,948 shares during the period. Fuller & Thaler Asset Management Inc. owned about 0.64% of First Financial Bankshares worth $33,017,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC boosted its holdings in First Financial Bankshares by 83.0% in the third quarter. Barclays PLC now owns 289,468 shares of the bank’s stock valued at $10,714,000 after acquiring an additional 131,259 shares during the last quarter. JPMorgan Chase & Co. lifted its position in First Financial Bankshares by 39.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 461,726 shares of the bank’s stock valued at $17,088,000 after purchasing an additional 131,063 shares during the period. Ameritas Advisory Services LLC bought a new position in shares of First Financial Bankshares in the 4th quarter valued at about $603,000. Ballentine Partners LLC grew its position in shares of First Financial Bankshares by 3.9% during the 4th quarter. Ballentine Partners LLC now owns 12,665 shares of the bank’s stock worth $457,000 after buying an additional 475 shares during the period. Finally, Blue Trust Inc. raised its stake in shares of First Financial Bankshares by 1.8% during the fourth quarter. Blue Trust Inc. now owns 36,788 shares of the bank’s stock worth $1,362,000 after buying an additional 665 shares during the last quarter. 69.78% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at First Financial Bankshares

In related news, Director Johnny Trotter acquired 6,000 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The stock was bought at an average price of $35.12 per share, for a total transaction of $210,720.00. Following the acquisition, the director now directly owns 949,371 shares of the company’s stock, valued at approximately $33,341,909.52. The trade was a 0.64 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders have acquired 7,041 shares of company stock worth $247,992. Insiders own 4.22% of the company’s stock.

First Financial Bankshares Price Performance

Shares of First Financial Bankshares stock opened at $33.78 on Friday. The firm has a market cap of $4.83 billion, a price-to-earnings ratio of 21.65 and a beta of 0.82. The stock’s 50-day moving average is $34.97 and its 200-day moving average is $37.16. First Financial Bankshares, Inc. has a one year low of $27.62 and a one year high of $44.66.

First Financial Bankshares (NASDAQ:FFIN) last released its earnings results on Thursday, April 17th. The bank reported $0.43 EPS for the quarter, meeting the consensus estimate of $0.43. The firm had revenue of $149.02 million for the quarter, compared to analysts’ expectations of $149.48 million. First Financial Bankshares had a return on equity of 14.24% and a net margin of 29.69%. On average, equities analysts expect that First Financial Bankshares, Inc. will post 1.78 EPS for the current year.

First Financial Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend was Friday, March 14th. First Financial Bankshares’s dividend payout ratio (DPR) is currently 44.44%.

Analyst Upgrades and Downgrades

FFIN has been the topic of several recent research reports. Keefe, Bruyette & Woods reduced their price target on First Financial Bankshares from $38.00 to $36.00 and set a “market perform” rating on the stock in a research report on Monday. Hovde Group decreased their price objective on First Financial Bankshares from $40.00 to $38.00 and set a “market perform” rating for the company in a research report on Monday.

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.