First Financial Bankshares, Inc. (NASDAQ:FFIN) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC reduced its position in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) by 4.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,075 shares of the bank’s stock after selling 2,067 shares during the period. Yousif Capital Management LLC’s holdings in First Financial Bankshares were worth $1,625,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Lindenwold Advisors INC boosted its holdings in First Financial Bankshares by 2.8% in 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 during the last quarter. Ballentine Partners LLC boosted its stake in shares of First Financial Bankshares by 2.8% during 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 during the last quarter. Pacer Advisors Inc. grew its position in shares of First Financial Bankshares by 2.3% during the fourth quarter. Pacer Advisors Inc. now owns 19,170 shares of the bank’s stock worth $691,000 after buying an additional 432 shares in the last quarter. Huntington National Bank increased its stake in shares of First Financial Bankshares by 32.2% in the third quarter. Huntington National Bank now owns 2,369 shares of the bank’s stock worth $88,000 after buying an additional 577 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in First Financial Bankshares by 1.8% in the fourth quarter. Blue Trust Inc. now owns 36,788 shares of the bank’s stock valued at $1,362,000 after acquiring an additional 665 shares in the last quarter. 69.78% of the stock is currently owned by hedge funds and other institutional investors.

First Financial Bankshares Stock Down 2.1 %

Shares of NASDAQ FFIN opened at $37.32 on Thursday. The firm’s 50-day moving average price is $37.58 and its two-hundred day moving average price is $37.57. First Financial Bankshares, Inc. has a 52-week low of $27.62 and a 52-week high of $44.66. The stock has a market capitalization of $5.33 billion, a P/E ratio of 23.92 and a beta of 0.83.

First Financial Bankshares (NASDAQ:FFIN) last released its quarterly earnings data on Thursday, January 23rd. The bank reported $0.43 earnings per share (EPS) for the quarter, beating 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, equities research analysts expect that First Financial Bankshares, Inc. will post 1.78 earnings per share for the current year.

First Financial Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.93%. The ex-dividend date is Friday, March 14th. First Financial Bankshares’s dividend payout ratio (DPR) is 46.15%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on FFIN. Keefe, Bruyette & Woods boosted their target price on shares of First Financial Bankshares from $40.00 to $41.00 and gave the stock a “market perform” rating in a research report on Monday, January 27th. Stephens boosted their price objective on First Financial Bankshares from $37.00 to $40.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. Finally, Hovde Group increased their target price on First Financial Bankshares from $34.50 to $40.00 and gave the stock a “market perform” rating in a report on Monday, October 21st.

Insider Activity at First Financial Bankshares

In related news, CEO F Scott Dueser sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $40.73, for a total value of $1,018,250.00. Following the sale, the chief executive officer now directly owns 471,004 shares in the company, valued at $19,183,992.92. The trade was a 5.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.22% of the stock is owned by insiders.

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.