Thrivent Financial for Lutherans Trims Position in First Financial Bankshares, Inc. (NASDAQ:FFIN)

Thrivent Financial for Lutherans reduced its position in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 11.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 47,013 shares of the bank’s stock after selling 6,313 shares during the period. Thrivent Financial for Lutherans’ holdings in First Financial Bankshares were worth $1,694,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Intech Investment Management LLC acquired a new position in shares of First Financial Bankshares during the 3rd quarter valued at about $673,000. Charles Schwab Investment Management Inc. raised its stake in First Financial Bankshares by 3.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,701,180 shares of the bank’s stock worth $62,961,000 after purchasing an additional 62,538 shares during the period. Citigroup Inc. raised its stake in First Financial Bankshares by 27.0% during the third quarter. Citigroup Inc. now owns 250,553 shares of the bank’s stock worth $9,273,000 after purchasing an additional 53,195 shares during the period. Algert Global LLC boosted its holdings in shares of First Financial Bankshares by 30.8% in the 3rd quarter. Algert Global LLC now owns 15,979 shares of the bank’s stock valued at $591,000 after purchasing an additional 3,760 shares during the last quarter. Finally, FMR LLC grew its stake in shares of First Financial Bankshares by 71.9% during the 3rd quarter. FMR LLC now owns 113,407 shares of the bank’s stock valued at $4,197,000 after buying an additional 47,417 shares during the period. 69.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at First Financial Bankshares

In related news, Director Johnny Trotter purchased 6,000 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The stock was acquired at an average price of $35.12 per share, with a total value of $210,720.00. Following the completion of the transaction, the director now owns 949,371 shares of the company’s stock, valued at $33,341,909.52. This represents a 0.64 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 4.22% of the company’s stock.

First Financial Bankshares Price Performance

Shares of FFIN opened at $35.81 on Friday. First Financial Bankshares, Inc. has a 12 month low of $27.62 and a 12 month high of $44.66. The stock has a market cap of $5.12 billion, a PE ratio of 22.96 and a beta of 0.78. The stock’s 50-day moving average is $36.91 and its two-hundred day moving average is $37.73.

First Financial Bankshares (NASDAQ:FFIN) last released its quarterly earnings results on Thursday, January 23rd. The bank reported $0.43 EPS for the quarter, topping the consensus estimate of $0.40 by $0.03. First Financial Bankshares had a return on equity of 14.24% and a net margin of 29.69%. On average, research analysts anticipate 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 announced 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 is Friday, March 14th. This represents a $0.72 annualized dividend and a dividend yield of 2.01%. First Financial Bankshares’s dividend payout ratio (DPR) is presently 46.15%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods increased their target price on 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.

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.