Proficio Capital Partners LLC Buys New Stake in First Financial Bankshares, Inc. (NASDAQ:FFIN)

Proficio Capital Partners LLC acquired a new position in First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,139 shares of the bank's stock, valued at approximately $402,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FFIN. Huntington National Bank raised its stake in shares of First Financial Bankshares by 32.2% during the 3rd quarter. Huntington National Bank now owns 2,369 shares of the bank's stock worth $88,000 after buying an additional 577 shares during the last quarter. R Squared Ltd purchased a new stake in First Financial Bankshares in the 4th quarter valued at approximately $88,000. US Bancorp DE grew its holdings 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 buying an additional 1,696 shares during the last quarter. KBC Group NV grew its holdings in First Financial Bankshares by 50.5% during the 4th quarter. KBC Group NV now owns 5,422 shares of the bank's stock valued at $195,000 after buying an additional 1,819 shares during the last quarter. Finally, Captrust Financial Advisors purchased a new position in First Financial Bankshares during the third quarter worth $205,000. 69.78% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods upped their price objective 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.

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Insiders Place Their Bets

In other news, CEO F Scott Dueser sold 25,000 shares of the company's stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $40.73, for a total transaction of $1,018,250.00. Following the completion of the sale, the chief executive officer now directly owns 471,004 shares in the company, valued at $19,183,992.92. This represents a 5.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 4.22% of the stock is currently owned by insiders.

First Financial Bankshares Stock Down 1.7 %

Shares of FFIN stock traded down $0.59 during mid-day trading on Tuesday, hitting $34.98. 815,467 shares of the company's stock were exchanged, compared to its average volume of 493,099. The stock has a market cap of $5.00 billion, a price-to-earnings ratio of 22.42 and a beta of 0.78. The stock has a 50-day simple moving average of $36.95 and a two-hundred day simple moving average of $37.77. First Financial Bankshares, Inc. has a fifty-two week low of $27.62 and a fifty-two week high of $44.66.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last issued its quarterly earnings results on Thursday, January 23rd. The bank reported $0.43 earnings per share (EPS) for the quarter, topping 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%. As a group, analysts anticipate that First Financial Bankshares, Inc. will post 1.78 earnings per share for the current fiscal year.

First Financial Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.06%. The ex-dividend date is Friday, March 14th. First Financial Bankshares's dividend payout ratio (DPR) is 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.