First Financial Bankshares, Inc. $FFIN Shares Sold by NFJ Investment Group LLC

NFJ Investment Group LLC trimmed its holdings in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) by 2.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 885,328 shares of the bank’s stock after selling 23,038 shares during the period. NFJ Investment Group LLC’s holdings in First Financial Bankshares were worth $26,445,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Olistico Wealth LLC acquired a new position in First Financial Bankshares during the fourth quarter valued at approximately $30,000. Quarry LP lifted its position in First Financial Bankshares by 66.3% during the third quarter. Quarry LP now owns 1,026 shares of the bank’s stock valued at $35,000 after buying an additional 409 shares in the last quarter. Danske Bank A S lifted its position in First Financial Bankshares by 200.0% during the fourth quarter. Danske Bank A S now owns 1,200 shares of the bank’s stock valued at $36,000 after buying an additional 800 shares in the last quarter. CIBC Private Wealth Group LLC acquired a new position in First Financial Bankshares during the third quarter valued at approximately $50,000. Finally, State of Wyoming acquired a new position in First Financial Bankshares during the second quarter valued at approximately $54,000. 69.78% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Keefe, Bruyette & Woods reduced their target price on shares of First Financial Bankshares from $36.00 to $34.00 and set a “market perform” rating on the stock in a research report on Thursday, April 9th. Weiss Ratings reissued a “hold (c)” rating on shares of First Financial Bankshares in a research report on Wednesday, April 8th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $37.33.

First Financial Bankshares Trading Up 1.1%

NASDAQ FFIN opened at $33.65 on Friday. The company’s fifty day simple moving average is $31.98 and its 200-day simple moving average is $31.61. First Financial Bankshares, Inc. has a 52 week low of $28.11 and a 52 week high of $38.74. The stock has a market cap of $4.82 billion, a P/E ratio of 18.29 and a beta of 0.83.

First Financial Bankshares (NASDAQ:FFIN) last posted its earnings results on Friday, April 17th. The bank reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. First Financial Bankshares had a net margin of 31.00% and a return on equity of 14.20%. The business had revenue of $166.89 million for the quarter, compared to analysts’ expectations of $166.78 million. During the same period in the previous year, the company posted $0.43 earnings per share. On average, research analysts expect that First Financial Bankshares, Inc. will post 2.04 EPS for the current fiscal year.

First Financial Bankshares Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Friday, June 12th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $0.88 annualized dividend and a yield of 2.6%. This is an increase from First Financial Bankshares’s previous quarterly dividend of $0.19. First Financial Bankshares’s dividend payout ratio (DPR) is 41.30%.

First Financial Bankshares Profile

First Financial Bankshares, Inc is a regional bank holding company headquartered in Cincinnati, Ohio. Through its primary subsidiary, First Financial Bank, the company offers a full suite of banking products and services to individual, small business and commercial clients. With roots dating back to 1863, First Financial has cultivated a strong community banking heritage, combining personalized service with modern financial solutions.

The company’s core business activities include commercial and consumer lending, deposit products, treasury management, mortgage origination and servicing, and wealth management.