Steward Partners Investment Advisory LLC Sells 300 Shares of First Financial Bankshares, Inc. (NASDAQ:FFIN)

Steward Partners Investment Advisory LLC lessened its stake in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) by 13.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,965 shares of the bank’s stock after selling 300 shares during the period. Steward Partners Investment Advisory LLC’s holdings in First Financial Bankshares were worth $71,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Huntington National Bank increased its holdings in shares of First Financial Bankshares by 32.2% in the 3rd quarter. Huntington National Bank now owns 2,369 shares of the bank’s stock worth $88,000 after purchasing an additional 577 shares in the last quarter. R Squared Ltd bought a new stake in shares of First Financial Bankshares in the 4th quarter worth $88,000. KBC Group NV increased its holdings in shares of First Financial Bankshares by 50.5% in the 4th quarter. KBC Group NV now owns 5,422 shares of the bank’s stock worth $195,000 after purchasing an additional 1,819 shares in the last quarter. US Bancorp DE increased its holdings in shares of First Financial Bankshares by 7.4% in the 4th quarter. US Bancorp DE now owns 5,396 shares of the bank’s stock worth $195,000 after purchasing an additional 370 shares in the last quarter. Finally, Captrust Financial Advisors bought a new stake in shares of First Financial Bankshares in the 3rd quarter worth $205,000. Institutional investors own 69.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods lifted their target price on First Financial Bankshares from $40.00 to $41.00 and gave the stock a “market perform” rating in a report on Monday, January 27th.

First Financial Bankshares Price Performance

FFIN stock opened at $35.75 on Tuesday. The company has a market cap of $5.11 billion, a P/E ratio of 22.92 and a beta of 0.78. First Financial Bankshares, Inc. has a 1 year low of $27.62 and a 1 year high of $44.66. The stock’s fifty day moving average price is $36.89 and its 200-day moving average price is $37.74.

First Financial Bankshares (NASDAQ:FFIN) last released its quarterly earnings results on Thursday, January 23rd. The bank reported $0.43 earnings per share (EPS) 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 earnings per share for the current year.

First Financial Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.01%. First Financial Bankshares’s dividend payout ratio (DPR) is currently 46.15%.

Insider Transactions at First Financial Bankshares

In other news, Director Johnny Trotter purchased 6,000 shares of the company’s stock in a transaction dated Wednesday, March 12th. The shares were purchased at an average cost of $35.12 per share, for a total transaction of $210,720.00. Following the purchase, the director now directly owns 949,371 shares in the company, valued at approximately $33,341,909.52. This represents a 0.64 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 4.22% of the company’s stock.

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.