Blue Trust Inc. Has $1.18 Million Holdings in First Financial Bankshares, Inc. (NASDAQ:FFIN)

Blue Trust Inc. trimmed its holdings in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) by 9.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,589 shares of the bank’s stock after selling 3,534 shares during the quarter. Blue Trust Inc.’s holdings in First Financial Bankshares were worth $1,175,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of FFIN. Lindenwold Advisors INC boosted its position in First Financial Bankshares by 2.8% during the third quarter. Lindenwold Advisors INC now owns 9,091 shares of the bank’s stock worth $336,000 after purchasing an additional 250 shares during the period. Kingsview Wealth Management LLC lifted its stake in shares of First Financial Bankshares by 1.2% in the fourth quarter. Kingsview Wealth Management LLC now owns 26,649 shares of the bank’s stock worth $961,000 after buying an additional 312 shares during the last quarter. Ballentine Partners LLC boosted its holdings in shares of First Financial Bankshares by 2.8% during the 3rd quarter. Ballentine Partners LLC now owns 12,190 shares of the bank’s stock worth $451,000 after buying an additional 333 shares during the period. Pacer Advisors Inc. grew its stake in First Financial Bankshares by 2.3% in the 4th quarter. Pacer Advisors Inc. now owns 19,170 shares of the bank’s stock valued at $691,000 after buying an additional 432 shares during the last quarter. Finally, Huntington National Bank raised its holdings in First Financial Bankshares by 32.2% in the 3rd quarter. Huntington National Bank now owns 2,369 shares of the bank’s stock worth $88,000 after acquiring an additional 577 shares during the period. 69.78% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO F Scott Dueser sold 25,000 shares of the 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 in the company, valued at approximately $19,183,992.92. This represents a 5.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.22% of the stock is owned by company insiders.

First Financial Bankshares Price Performance

NASDAQ FFIN opened at $37.21 on Friday. The company’s fifty day moving average is $37.36 and its two-hundred day moving average is $37.56. The firm has a market capitalization of $5.32 billion, a price-to-earnings ratio of 23.85 and a beta of 0.83. First Financial Bankshares, Inc. has a 52-week low of $27.62 and a 52-week high of $44.66.

First Financial Bankshares (NASDAQ:FFIN) last released its earnings results on Thursday, January 23rd. The bank reported $0.43 earnings per share 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, sell-side analysts expect that First Financial Bankshares, Inc. will post 1.78 earnings per share for the current fiscal year.

First Financial Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors 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 dividend yield of 1.93%. First Financial Bankshares’s payout ratio is 46.15%.

Analysts Set New Price Targets

FFIN has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods upped 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 report on Monday, January 27th. Hovde Group raised their target price on First Financial Bankshares from $34.50 to $40.00 and gave the company 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.