Sanctuary Advisors LLC Acquires 820 Shares of First Financial Bankshares, Inc. (NASDAQ:FFIN)

Sanctuary Advisors LLC raised its holdings in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 0.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 113,607 shares of the bank’s stock after acquiring an additional 820 shares during the quarter. Sanctuary Advisors LLC owned about 0.08% of First Financial Bankshares worth $4,205,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of FFIN. State Street Corp grew its position in shares of First Financial Bankshares by 4.7% during the 3rd quarter. State Street Corp now owns 6,222,092 shares of the bank’s stock worth $231,381,000 after buying an additional 281,166 shares during the period. Champlain Investment Partners LLC grew its holdings in First Financial Bankshares by 6.8% during the third quarter. Champlain Investment Partners LLC now owns 3,516,329 shares of the bank’s stock valued at $130,139,000 after purchasing an additional 223,640 shares during the period. Geode Capital Management LLC increased its stake in First Financial Bankshares by 8.0% in the third quarter. Geode Capital Management LLC now owns 3,361,921 shares of the bank’s stock valued at $124,446,000 after purchasing an additional 249,011 shares in the last quarter. Strategic Financial Concepts LLC raised its holdings in First Financial Bankshares by 3,632.9% in the second quarter. Strategic Financial Concepts LLC now owns 2,992,894 shares of the bank’s stock worth $884,000 after purchasing an additional 2,912,718 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of First Financial Bankshares by 5.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,556,205 shares of the bank’s stock worth $75,482,000 after purchasing an additional 130,361 shares in the last quarter. Institutional investors and hedge funds own 69.78% of the company’s stock.

Insider Activity

In related news, Director Michael B. Denny sold 7,000 shares of First Financial Bankshares stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $41.12, for a total transaction of $287,840.00. Following the completion of the sale, the director now directly owns 101,085 shares of the company’s stock, valued at approximately $4,156,615.20. This trade represents a 6.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO F Scott Dueser sold 25,000 shares of the business’s 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 sale, the chief executive officer now owns 471,004 shares of the company’s stock, valued at $19,183,992.92. This trade represents a 5.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.22% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on FFIN. Keefe, Bruyette & Woods upped their price objective on shares of First Financial Bankshares from $36.00 to $40.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Hovde Group raised their target price on shares of First Financial Bankshares from $34.50 to $40.00 and gave the stock a “market perform” rating in a report on Monday, October 21st. Stephens boosted their price target on First Financial Bankshares from $37.00 to $40.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. Finally, Truist Financial upped their price objective on First Financial Bankshares from $39.00 to $40.00 and gave the stock a “hold” rating in a research report on Friday, September 20th.

First Financial Bankshares Trading Up 1.0 %

First Financial Bankshares stock opened at $40.86 on Tuesday. The company has a fifty day simple moving average of $39.57 and a 200 day simple moving average of $35.78. First Financial Bankshares, Inc. has a 1-year low of $27.06 and a 1-year high of $44.66. The company has a market cap of $5.84 billion, a P/E ratio of 28.18 and a beta of 0.81.

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

First Financial Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be paid a dividend of $0.18 per share. The ex-dividend date is Friday, December 13th. This represents a $0.72 annualized dividend and a dividend yield of 1.76%. First Financial Bankshares’s dividend payout ratio is presently 49.66%.

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.