Atria Wealth Solutions Inc. Has $1.57 Million Holdings in First Financial Bankshares, Inc. (NASDAQ:FFIN)

Atria Wealth Solutions Inc. raised its position in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) by 26.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,335 shares of the bank's stock after buying an additional 9,056 shares during the period. Atria Wealth Solutions Inc.'s holdings in First Financial Bankshares were worth $1,567,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Huntington National Bank boosted its position in First Financial Bankshares by 32.2% in the 3rd quarter. Huntington National Bank now owns 2,369 shares of the bank's stock valued at $88,000 after buying an additional 577 shares during the last quarter. R Squared Ltd bought a new stake in First Financial Bankshares during the 4th quarter worth about $88,000. US Bancorp DE lifted its position in First Financial Bankshares by 50.9% during the 3rd quarter. US Bancorp DE now owns 5,026 shares of the bank's stock valued at $186,000 after purchasing an additional 1,696 shares during the period. KBC Group NV boosted its stake in First Financial Bankshares by 50.5% in the fourth quarter. KBC Group NV now owns 5,422 shares of the bank's stock valued at $195,000 after acquiring an additional 1,819 shares during the last quarter. Finally, Captrust Financial Advisors acquired a new stake in shares of First Financial Bankshares during the third quarter worth $205,000. Institutional investors own 69.78% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods upped their target price on shares of First Financial Bankshares from $40.00 to $41.00 and gave the company a "market perform" rating in a research note on Monday, January 27th.

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Insider Transactions at First Financial Bankshares

In related news, CEO F Scott Dueser sold 25,000 shares of First Financial Bankshares stock in a transaction that occurred on Thursday, December 12th. The stock was 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 owns 471,004 shares of the company's stock, valued at approximately $19,183,992.92. This trade represents a 5.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.22% of the stock is owned by insiders.

First Financial Bankshares Stock Performance

NASDAQ FFIN traded up $0.24 during trading hours on Thursday, reaching $37.23. 425,295 shares of the company's stock were exchanged, compared to its average volume of 469,671. The company has a market capitalization of $5.32 billion, a price-to-earnings ratio of 23.87 and a beta of 0.83. The company's 50-day moving average is $36.90 and its two-hundred day moving average is $37.65. First Financial Bankshares, Inc. has a one year low of $27.62 and a one year high of $44.66.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The bank reported $0.43 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.03. First Financial Bankshares had a net margin of 29.69% and a return on equity of 14.24%. Research analysts predict that First Financial Bankshares, Inc. will post 1.78 earnings per share for the current fiscal year.

First Financial Bankshares Dividend Announcement

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 issued 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 1.93%. First Financial Bankshares's dividend payout ratio (DPR) is 46.15%.

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.