Helen Stephens Group LLC Has $924,000 Stock Position in First Financial Bankshares, Inc. (NASDAQ:FFIN)

Helen Stephens Group LLC decreased its holdings in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 33.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 25,630 shares of the bank’s stock after selling 12,814 shares during the quarter. Helen Stephens Group LLC’s holdings in First Financial Bankshares were worth $924,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lindenwold Advisors INC raised its position in First Financial Bankshares by 2.8% during the third quarter. Lindenwold Advisors INC now owns 9,091 shares of the bank’s stock valued at $336,000 after purchasing an additional 250 shares in the last quarter. Ballentine Partners LLC increased its position in First Financial Bankshares by 2.8% in the 3rd quarter. Ballentine Partners LLC now owns 12,190 shares of the bank’s stock valued at $451,000 after buying an additional 333 shares in the last quarter. Huntington National Bank boosted its holdings in First Financial Bankshares by 32.2% during the third quarter. Huntington National Bank now owns 2,369 shares of the bank’s stock worth $88,000 after purchasing an additional 577 shares during the last quarter. Sanctuary Advisors LLC lifted its holdings in First Financial Bankshares by 0.7% during the third quarter. Sanctuary Advisors LLC now owns 113,607 shares of the bank’s stock worth $4,205,000 after acquiring an additional 820 shares during the period. Finally, Profund Advisors LLC increased its holdings in First Financial Bankshares by 9.2% during the second quarter. Profund Advisors LLC now owns 10,289 shares of the bank’s stock worth $304,000 after buying an additional 869 shares during the last quarter. 69.78% of the stock is owned by institutional investors.

Insider Activity at First Financial Bankshares

In other news, Director Michael B. Denny sold 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $41.12, for a total value of $287,840.00. Following the transaction, the director now owns 101,085 shares in the company, valued at $4,156,615.20. This trade represents a 6.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO F Scott Dueser sold 25,000 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $40.73, for a total value of $1,018,250.00. Following the completion of the sale, the chief executive officer now directly owns 471,004 shares of the company’s stock, valued at $19,183,992.92. This trade represents a 5.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.22% of the stock is currently owned by corporate insiders.

First Financial Bankshares Stock Up 0.6 %

FFIN stock opened at $37.02 on Friday. The stock has a market cap of $5.29 billion, a P/E ratio of 25.53 and a beta of 0.83. First Financial Bankshares, Inc. has a twelve month low of $27.62 and a twelve month high of $44.66. The business’s 50-day moving average price is $38.99 and its 200-day moving average price is $36.96.

First Financial Bankshares (NASDAQ:FFIN) last issued its quarterly earnings data on Thursday, October 17th. The bank reported $0.39 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.39. The business had revenue of $142.10 million for the quarter, compared to analysts’ expectations of $140.25 million. First Financial Bankshares had a return on equity of 13.43% and a net margin of 28.76%. On average, equities research analysts expect that First Financial Bankshares, Inc. will post 1.52 earnings per share for the current fiscal year.

First Financial Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend was Friday, December 13th. First Financial Bankshares’s dividend payout ratio is presently 49.66%.

Analysts Set New Price Targets

A number of analysts recently weighed in on FFIN shares. Hovde Group upped their target price on shares of First Financial Bankshares from $34.50 to $40.00 and gave the stock a “market perform” rating in a report on Monday, October 21st. Truist Financial increased their target price on First Financial Bankshares from $39.00 to $40.00 and gave the company a “hold” rating in a report on Friday, September 20th. Stephens boosted their price objective on shares of First Financial Bankshares from $37.00 to $40.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. Finally, Keefe, Bruyette & Woods raised their price target on First Financial Bankshares from $36.00 to $40.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th.

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.