Emerald Advisers LLC Sells 8,054 Shares of First Financial Bankshares, Inc. (NASDAQ:FFIN)

Emerald Advisers LLC cut its holdings in First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) by 3.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 214,453 shares of the bank's stock after selling 8,054 shares during the period. Emerald Advisers LLC owned about 0.15% of First Financial Bankshares worth $7,731,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Arizona State Retirement System raised its stake in shares of First Financial Bankshares by 0.9% in the fourth quarter. Arizona State Retirement System now owns 35,263 shares of the bank's stock valued at $1,271,000 after buying an additional 302 shares during the period. Kingsview Wealth Management LLC grew its position in shares of First Financial Bankshares by 1.2% during the 4th quarter. Kingsview Wealth Management LLC now owns 26,649 shares of the bank's stock valued at $961,000 after purchasing an additional 312 shares in the last quarter. US Bancorp DE raised its position in shares of First Financial Bankshares by 7.4% in the fourth quarter. US Bancorp DE now owns 5,396 shares of the bank's stock worth $195,000 after buying an additional 370 shares in the last quarter. Pacer Advisors Inc. boosted its stake in First Financial Bankshares by 2.3% during the fourth quarter. Pacer Advisors Inc. now owns 19,170 shares of the bank's stock valued at $691,000 after buying an additional 432 shares during the period. Finally, Ballentine Partners LLC grew its position in First Financial Bankshares by 3.9% during the fourth quarter. Ballentine Partners LLC now owns 12,665 shares of the bank's stock worth $457,000 after buying an additional 475 shares in the last quarter. 69.78% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In related news, Director Johnny Trotter purchased 6,000 shares of the company's stock in a transaction dated Wednesday, March 12th. The shares were purchased at an average cost of $35.12 per share, with a total value of $210,720.00. Following the transaction, the director now directly owns 949,371 shares in the company, valued at $33,341,909.52. This trade represents a 0.64 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 4.22% of the company's stock.

First Financial Bankshares Stock Up 0.0 %

Shares of First Financial Bankshares stock traded up $0.01 during trading on Thursday, hitting $36.66. 47,327 shares of the stock traded hands, compared to its average volume of 495,187. The firm's fifty day moving average is $36.94 and its 200-day moving average is $37.73. The stock has a market cap of $5.24 billion, a price-to-earnings ratio of 23.51 and a beta of 0.78. First Financial Bankshares, Inc. has a 52 week low of $27.62 and a 52 week high of $44.66.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last announced 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%. On average, analysts forecast that First Financial Bankshares, Inc. will post 1.78 earnings per share for the current fiscal year.

First Financial Bankshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend is Friday, March 14th. First Financial Bankshares's payout ratio is currently 46.15%.

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.