First Financial Bankshares, Inc. (NASDAQ:FFIN) Stock Position Lessened by Handelsinvest Investeringsforvaltning

Handelsinvest Investeringsforvaltning lowered its position in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) by 34.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,992 shares of the bank’s stock after selling 6,226 shares during the quarter. Handelsinvest Investeringsforvaltning’s holdings in First Financial Bankshares were worth $393,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of FFIN. Lindbrook Capital LLC boosted its stake in First Financial Bankshares by 134.8% during the fourth quarter. Lindbrook Capital LLC now owns 911 shares of the bank’s stock valued at $28,000 after buying an additional 523 shares in the last quarter. Hexagon Capital Partners LLC lifted its holdings in shares of First Financial Bankshares by 81.1% during the first quarter. Hexagon Capital Partners LLC now owns 927 shares of the bank’s stock valued at $30,000 after purchasing an additional 415 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of First Financial Bankshares by 128.9% during the fourth quarter. Quadrant Capital Group LLC now owns 4,888 shares of the bank’s stock valued at $148,000 after purchasing an additional 2,753 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of First Financial Bankshares by 101.3% during the fourth quarter. Signaturefd LLC now owns 5,386 shares of the bank’s stock valued at $163,000 after purchasing an additional 2,710 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of First Financial Bankshares during the third quarter valued at $205,000. Institutional investors own 69.78% of the company’s stock.

First Financial Bankshares Trading Down 1.3 %

Shares of First Financial Bankshares stock opened at $29.29 on Thursday. The stock has a 50-day moving average price of $29.68 and a 200 day moving average price of $30.31. The company has a market cap of $4.18 billion, a P/E ratio of 20.92 and a beta of 0.80. First Financial Bankshares, Inc. has a 1 year low of $22.84 and a 1 year high of $33.15.

First Financial Bankshares (NASDAQ:FFIN) last announced its quarterly earnings data on Tuesday, April 23rd. The bank reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.02. First Financial Bankshares had a return on equity of 14.28% and a net margin of 30.03%. The firm had revenue of $129.63 million during the quarter, compared to the consensus estimate of $129.72 million. During the same period in the prior year, the business earned $0.39 EPS. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, equities analysts forecast that First Financial Bankshares, Inc. will post 1.48 earnings per share for the current fiscal year.

First Financial Bankshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Friday, June 14th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date was Friday, June 14th. First Financial Bankshares’s dividend payout ratio (DPR) is presently 51.43%.

Analyst Ratings Changes

Several brokerages have recently commented on FFIN. Stephens reduced their target price on First Financial Bankshares from $35.00 to $31.00 and set an “equal weight” rating for the company in a report on Friday, April 19th. Truist Financial reduced their price objective on First Financial Bankshares from $34.00 to $32.00 and set a “hold” rating for the company in a research note on Monday, April 22nd.

Insider Transactions at First Financial Bankshares

In other news, Director Sally Pope Davis purchased 1,800 shares of the business’s stock in a transaction dated Thursday, June 6th. The stock was bought at an average cost of $28.75 per share, with a total value of $51,750.00. Following the purchase, the director now directly owns 1,800 shares of the company’s stock, valued at $51,750. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Johnny Trotter acquired 1,500 shares of the stock in a transaction dated Thursday, April 25th. The shares were acquired at an average price of $30.22 per share, with a total value of $45,330.00. Following the acquisition, the director now owns 940,371 shares in the company, valued at approximately $28,418,011.62. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sally Pope Davis acquired 1,800 shares of the stock in a transaction dated Thursday, June 6th. The shares were bought at an average cost of $28.75 per share, for a total transaction of $51,750.00. Following the acquisition, the director now owns 1,800 shares in the company, valued at approximately $51,750. The disclosure for this purchase can be found here. Insiders bought 6,743 shares of company stock valued at $199,526 in the last three months. Corporate insiders own 4.22% of the company’s stock.

First Financial Bankshares 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.