Helen Stephens Group LLC Sells 12,814 Shares of First Financial Bankshares, Inc. (NASDAQ:FFIN)

Helen Stephens Group LLC trimmed its holdings in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) by 33.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,630 shares of the bank's stock after selling 12,814 shares during the period. Helen Stephens Group LLC's holdings in First Financial Bankshares were worth $924,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Victory Capital Management Inc. boosted its position in shares of First Financial Bankshares by 28.2% in the second quarter. Victory Capital Management Inc. now owns 39,965 shares of the bank's stock worth $1,180,000 after buying an additional 8,784 shares during the period. Federated Hermes Inc. boosted its holdings in First Financial Bankshares by 54.6% in the 2nd quarter. Federated Hermes Inc. now owns 14,521 shares of the bank's stock worth $429,000 after acquiring an additional 5,127 shares during the period. Envestnet Asset Management Inc. grew its position in First Financial Bankshares by 11.3% in the second quarter. Envestnet Asset Management Inc. now owns 354,548 shares of the bank's stock valued at $10,470,000 after acquiring an additional 35,902 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of First Financial Bankshares by 5.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,556,205 shares of the bank's stock valued at $75,482,000 after purchasing an additional 130,361 shares during the period. Finally, Renaissance Technologies LLC acquired a new position in shares of First Financial Bankshares during the second quarter worth $1,825,000. 69.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other First Financial Bankshares news, Director Michael B. Denny sold 7,000 shares of the company's stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $41.12, for a total transaction of $287,840.00. Following the completion of the sale, the director now owns 101,085 shares of the company's stock, valued at $4,156,615.20. This represents a 6.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO F Scott Dueser sold 25,000 shares of the company's 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 directly owns 471,004 shares of the company's stock, valued at $19,183,992.92. The trade was a 5.04 % decrease in their position. The disclosure for this sale can be found here. 4.22% of the stock is owned by corporate insiders.

First Financial Bankshares Stock Performance

NASDAQ FFIN traded up $0.23 on Friday, reaching $37.02. The company's stock had a trading volume of 364,853 shares, compared to its average volume of 483,273. First Financial Bankshares, Inc. has a twelve month low of $27.62 and a twelve month high of $44.66. The stock has a market cap of $5.29 billion, a PE ratio of 25.53 and a beta of 0.83. The firm's 50 day moving average is $38.99 and its two-hundred day moving average is $37.06.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last posted its quarterly earnings data on Thursday, October 17th. The bank reported $0.39 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.39. The firm had revenue of $142.10 million for the quarter, compared to the consensus estimate of $140.25 million. First Financial Bankshares had a return on equity of 13.43% and a net margin of 28.76%. Equities research analysts anticipate that First Financial Bankshares, Inc. will post 1.52 EPS for the current fiscal year.

First Financial Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th were issued a $0.18 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.94%. First Financial Bankshares's dividend payout ratio is 49.66%.

Analysts Set New Price Targets

Several research analysts have 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 company an "equal weight" rating in a research note on Friday, October 18th. Keefe, Bruyette & Woods increased their price target on First Financial Bankshares from $36.00 to $40.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. Finally, Hovde Group lifted their price objective 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.

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.