Crewe Advisors LLC Sells 420 Shares of First Financial Bankshares, Inc. (NASDAQ:FFIN)

Crewe Advisors LLC reduced its stake in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 8.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,845 shares of the bank’s stock after selling 420 shares during the period. Crewe Advisors LLC’s holdings in First Financial Bankshares were worth $179,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in First Financial Bankshares by 3.4% in the 1st quarter. Vanguard Group Inc. now owns 14,956,322 shares of the bank’s stock valued at $490,717,000 after acquiring an additional 490,770 shares in the last quarter. O Shaughnessy Asset Management LLC grew its holdings in shares of First Financial Bankshares by 29.1% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 18,709 shares of the bank’s stock worth $614,000 after purchasing an additional 4,221 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its position in shares of First Financial Bankshares by 2.4% in the first quarter. CANADA LIFE ASSURANCE Co now owns 104,002 shares of the bank’s stock worth $3,414,000 after purchasing an additional 2,424 shares during the period. Lazard Asset Management LLC acquired a new position in First Financial Bankshares in the first quarter valued at about $408,000. Finally, Price T Rowe Associates Inc. MD lifted its position in First Financial Bankshares by 6.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 84,096 shares of the bank’s stock worth $2,760,000 after purchasing an additional 4,736 shares during the period. Institutional investors and hedge funds own 69.78% of the company’s stock.

Insider Activity at First Financial Bankshares

In other First Financial Bankshares news, Director Michael B. Denny sold 7,000 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $41.12, for a total value of $287,840.00. Following the completion of the transaction, the director now directly owns 101,085 shares in the company, valued at approximately $4,156,615.20. This trade represents a 6.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.22% of the stock is currently owned by company insiders.

First Financial Bankshares Trading Up 3.2 %

Shares of NASDAQ FFIN opened at $42.77 on Friday. The company has a market cap of $6.11 billion, a price-to-earnings ratio of 29.50 and a beta of 0.78. First Financial Bankshares, Inc. has a 12 month low of $25.99 and a 12 month high of $43.57. The stock has a 50-day moving average price of $38.19 and a two-hundred day moving average price of $34.55.

First Financial Bankshares (NASDAQ:FFIN) last released its quarterly earnings data on Thursday, October 17th. The bank reported $0.39 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.39. The business had revenue of $142.10 million during the quarter, compared to analysts’ expectations of $140.25 million. First Financial Bankshares had a net margin of 28.76% and a return on equity of 13.43%. On average, sell-side analysts predict that First Financial Bankshares, Inc. will post 1.52 earnings per share for the current year.

First Financial Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date is Friday, December 13th. First Financial Bankshares’s payout ratio is 49.66%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Truist Financial raised their target price on shares of First Financial Bankshares from $39.00 to $40.00 and gave the company a “hold” rating in a report on Friday, September 20th. 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. Finally, Hovde Group boosted their price objective on shares of First Financial Bankshares from $34.50 to $40.00 and gave the company a “market perform” rating in a research 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.