Wealth Enhancement Advisory Services LLC Sells 1,799 Shares of First Financial Bankshares, Inc. (NASDAQ:FFIN)

Wealth Enhancement Advisory Services LLC cut its holdings in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 10.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,738 shares of the bank’s stock after selling 1,799 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in First Financial Bankshares were worth $582,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of FFIN. Strategic Financial Concepts LLC increased its holdings in shares of First Financial Bankshares by 3,632.9% during the second quarter. Strategic Financial Concepts LLC now owns 2,992,894 shares of the bank’s stock valued at $884,000 after acquiring an additional 2,912,718 shares in the last quarter. Champlain Investment Partners LLC grew its position in First Financial Bankshares by 27.6% in the 1st quarter. Champlain Investment Partners LLC now owns 3,334,349 shares of the bank’s stock valued at $109,400,000 after purchasing an additional 720,820 shares during the period. Vanguard Group Inc. increased its stake in First Financial Bankshares by 3.4% during the 1st quarter. Vanguard Group Inc. now owns 14,956,322 shares of the bank’s stock valued at $490,717,000 after purchasing an additional 490,770 shares in the last quarter. Cubist Systematic Strategies LLC raised its holdings in First Financial Bankshares by 10,296.3% during the second quarter. Cubist Systematic Strategies LLC now owns 189,732 shares of the bank’s stock worth $5,603,000 after buying an additional 187,907 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of First Financial Bankshares by 5.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,556,205 shares of the bank’s stock valued at $75,482,000 after buying an additional 130,361 shares in the last quarter. 69.78% of the stock is currently owned by institutional investors.

First Financial Bankshares Price Performance

Shares of NASDAQ:FFIN opened at $40.84 on Friday. First Financial Bankshares, Inc. has a 1 year low of $24.22 and a 1 year high of $42.02. The company has a market capitalization of $5.83 billion, a PE ratio of 28.20 and a beta of 0.78. The business has a fifty day moving average price of $36.86 and a two-hundred day moving average price of $33.61.

First Financial Bankshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend is Thursday, December 12th. First Financial Bankshares’s payout ratio is 49.66%.

Analyst Ratings Changes

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

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.