First Financial Bankshares, Inc. (NASDAQ:FFIN) Stock Holdings Trimmed by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its stake in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) by 30.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 301,494 shares of the bank's stock after selling 134,623 shares during the quarter. Principal Financial Group Inc. owned approximately 0.21% of First Financial Bankshares worth $11,158,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of FFIN. Intech Investment Management LLC purchased a new stake in First Financial Bankshares during the 3rd quarter worth about $673,000. State Street Corp lifted its position in shares of First Financial Bankshares by 4.7% during the 3rd quarter. State Street Corp now owns 6,222,092 shares of the bank's stock worth $231,381,000 after buying an additional 281,166 shares during the last quarter. Bridges Investment Management Inc. purchased a new stake in shares of First Financial Bankshares during the 2nd quarter worth approximately $637,000. Bank of New York Mellon Corp boosted its holdings in shares of First Financial Bankshares by 1.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,375,856 shares of the bank's stock valued at $40,629,000 after buying an additional 15,473 shares in the last quarter. Finally, Citigroup Inc. raised its stake in First Financial Bankshares by 27.0% during the 3rd quarter. Citigroup Inc. now owns 250,553 shares of the bank's stock worth $9,273,000 after acquiring an additional 53,195 shares in the last quarter. Hedge funds and other institutional investors own 69.78% of the company's stock.

First Financial Bankshares Price Performance

NASDAQ FFIN traded up $0.23 during trading hours on Monday, hitting $36.39. The company had a trading volume of 462,007 shares, compared to its average volume of 536,110. First Financial Bankshares, Inc. has a fifty-two week low of $27.06 and a fifty-two week high of $44.66. The company has a market capitalization of $5.20 billion, a price-to-earnings ratio of 25.10 and a beta of 0.81. The firm's 50 day moving average is $39.45 and its 200 day moving average is $36.33.

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

First Financial Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 13th will be issued a $0.18 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.72 annualized dividend and a yield of 1.98%. First Financial Bankshares's dividend payout ratio is presently 49.66%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on FFIN. Stephens raised their price objective on First Financial Bankshares from $37.00 to $40.00 and gave the stock an "equal weight" rating in a report on Friday, October 18th. Hovde Group lifted their target price on shares of First Financial Bankshares from $34.50 to $40.00 and gave the company a "market perform" rating in a report on Monday, October 21st. Keefe, Bruyette & Woods boosted their target price 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, Truist Financial increased their price target on shares of First Financial Bankshares from $39.00 to $40.00 and gave the stock a "hold" rating in a report on Friday, September 20th.

Insider Buying and Selling

In other First Financial Bankshares news, CEO F Scott Dueser sold 25,000 shares of First Financial Bankshares stock in a transaction 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 completion of the transaction, the chief executive officer now owns 471,004 shares of the company's stock, valued at $19,183,992.92. The trade was a 5.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Michael B. Denny sold 7,000 shares of the business's stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $41.12, for a total transaction of $287,840.00. Following the sale, the director now owns 101,085 shares of the company's stock, valued at approximately $4,156,615.20. The trade was a 6.48 % decrease in their position. The disclosure for this sale can be found here. Insiders own 4.22% of the company's stock.

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.