Vanguard Group Inc. Sells 123,768 Shares of First Financial Bankshares, Inc. $FFIN

Vanguard Group Inc. cut its position in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) by 0.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 13,751,925 shares of the bank’s stock after selling 123,768 shares during the period. Vanguard Group Inc. owned about 0.10% of First Financial Bankshares worth $462,752,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in FFIN. HHM Wealth Advisors LLC bought a new position in shares of First Financial Bankshares during the 3rd quarter valued at approximately $25,000. Corsicana & Co. purchased a new stake in First Financial Bankshares during the third quarter valued at $27,000. State of Wyoming bought a new position in First Financial Bankshares during the second quarter valued at $54,000. Nisa Investment Advisors LLC grew its stake in shares of First Financial Bankshares by 33.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,648 shares of the bank’s stock worth $60,000 after buying an additional 412 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in shares of First Financial Bankshares by 32.4% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,661 shares of the bank’s stock worth $60,000 after buying an additional 406 shares in the last quarter. Hedge funds and other institutional investors own 69.78% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of First Financial Bankshares in a report on Friday, January 9th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, First Financial Bankshares currently has a consensus rating of “Hold” and a consensus target price of $38.00.

First Financial Bankshares Stock Up 1.6%

FFIN stock opened at $32.74 on Thursday. First Financial Bankshares, Inc. has a twelve month low of $29.43 and a twelve month high of $38.74. The stock has a market capitalization of $4.69 billion, a price-to-earnings ratio of 18.50 and a beta of 0.86. The firm’s fifty day simple moving average is $32.20 and its two-hundred day simple moving average is $32.91.

First Financial Bankshares (NASDAQ:FFIN) last issued its quarterly earnings results on Friday, January 23rd. The bank reported $0.51 EPS for the quarter, beating the consensus estimate of $0.48 by $0.03. The company had revenue of $164.72 million for the quarter, compared to the consensus estimate of $165.70 million. First Financial Bankshares had a net margin of 30.43% and a return on equity of 14.16%. The firm’s revenue was up 13.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.43 EPS. As a group, equities research 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 Wednesday, April 1st. Investors of record on Friday, March 13th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, March 13th. First Financial Bankshares’s dividend payout ratio (DPR) is currently 42.94%.

Insider Transactions at First Financial Bankshares

In other First Financial Bankshares news, Director Geoff Haney acquired 10,200 shares of the business’s stock in a transaction on Friday, February 20th. The shares were bought at an average price of $33.18 per share, with a total value of $338,436.00. Following the transaction, the director directly owned 32,146 shares of the company’s stock, valued at $1,066,604.28. The trade was a 46.48% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. In the last three months, insiders acquired 11,329 shares of company stock worth $375,994. 4.22% of the stock is owned by insiders.

First Financial Bankshares Company Profile

First Financial Bankshares, Inc is a regional bank holding company headquartered in Cincinnati, Ohio. Through its primary subsidiary, First Financial Bank, the company offers a full suite of banking products and services to individual, small business and commercial clients. With roots dating back to 1863, First Financial has cultivated a strong community banking heritage, combining personalized service with modern financial solutions.

The company’s core business activities include commercial and consumer lending, deposit products, treasury management, mortgage origination and servicing, and wealth management.