Strategic Financial Concepts LLC Has $101.22 Million Stock Position in First Financial Bankshares, Inc. (NASDAQ:FFIN)

Strategic Financial Concepts LLC lifted its position in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) by 3,508.3% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 2,807,834 shares of the bank's stock after buying an additional 2,730,017 shares during the period. Strategic Financial Concepts LLC owned 1.96% of First Financial Bankshares worth $101,222,000 as of its most recent SEC filing.

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

First Financial Bankshares Stock Down 0.9 %

NASDAQ:FFIN traded down $0.36 during mid-day trading on Monday, reaching $37.43. 155,601 shares of the company were exchanged, compared to its average volume of 488,291. The stock has a market cap of $5.35 billion, a PE ratio of 24.04 and a beta of 0.83. First Financial Bankshares, Inc. has a 12 month low of $27.62 and a 12 month high of $44.66. The company has a fifty day moving average of $37.72 and a 200 day moving average of $37.59.

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

First Financial Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a $0.18 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.72 dividend on an annualized basis and a yield of 1.92%. First Financial Bankshares's payout ratio is 46.15%.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other First Financial Bankshares news, CEO F Scott Dueser sold 25,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 471,004 shares in the company, valued at approximately $19,183,992.92. This represents a 5.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate 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.