First Financial Bankshares, Inc. (NASDAQ:FFIN) Shares Sold by Helen Stephens Group LLC

Helen Stephens Group LLC trimmed its holdings in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) by 33.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,630 shares of the bank’s stock after selling 12,814 shares during the period. Helen Stephens Group LLC’s holdings in First Financial Bankshares were worth $924,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of FFIN. JPMorgan Chase & Co. grew its holdings in shares of First Financial Bankshares by 39.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 461,726 shares of the bank’s stock worth $17,088,000 after acquiring an additional 131,063 shares during the last quarter. Sanctuary Advisors LLC increased its stake in First Financial Bankshares by 0.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 113,607 shares of the bank’s stock worth $4,205,000 after purchasing an additional 820 shares in the last quarter. Geode Capital Management LLC raised its holdings in First Financial Bankshares by 8.0% during the 3rd quarter. Geode Capital Management LLC now owns 3,361,921 shares of the bank’s stock worth $124,446,000 after buying an additional 249,011 shares during the period. Barclays PLC lifted its stake in First Financial Bankshares by 83.0% during the third quarter. Barclays PLC now owns 289,468 shares of the bank’s stock valued at $10,714,000 after buying an additional 131,259 shares in the last quarter. Finally, Jane Street Group LLC boosted its holdings in shares of First Financial Bankshares by 6.8% in the third quarter. Jane Street Group LLC now owns 168,587 shares of the bank’s stock worth $6,239,000 after buying an additional 10,806 shares during the period. Institutional investors own 69.78% of the company’s stock.

Insider Buying and Selling at First Financial Bankshares

In other news, Director Michael B. Denny sold 7,000 shares of the stock in a transaction on Thursday, November 7th. The shares were 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 owns 101,085 shares in the company, valued at approximately $4,156,615.20. This represents a 6.48 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO F Scott Dueser sold 25,000 shares of the company’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 in the company, 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. Insiders own 4.22% of the company’s stock.

First Financial Bankshares Stock Performance

Shares of NASDAQ FFIN opened at $37.02 on Friday. The business’s 50-day simple moving average is $38.99 and its 200-day simple moving average is $36.96. First Financial Bankshares, Inc. has a 52 week low of $27.62 and a 52 week high of $44.66. The firm has a market cap of $5.29 billion, a price-to-earnings ratio of 25.53 and a beta of 0.83.

First Financial Bankshares (NASDAQ:FFIN) last posted 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. The business had revenue of $142.10 million for the quarter, compared to analyst estimates of $140.25 million. First Financial Bankshares had a net margin of 28.76% and a return on equity of 13.43%. As a group, equities research analysts forecast that First Financial Bankshares, Inc. will post 1.52 earnings per share for the current year.

First Financial Bankshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 13th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.72 annualized dividend and a dividend yield of 1.94%. First Financial Bankshares’s dividend payout ratio is presently 49.66%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on FFIN shares. Truist Financial increased their target price on First Financial Bankshares from $39.00 to $40.00 and gave the company a “hold” rating in a report on Friday, September 20th. Keefe, Bruyette & Woods upped their price target on shares of First Financial Bankshares from $36.00 to $40.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. 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 research note on Friday, October 18th. Finally, Hovde Group raised 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.