CFM Wealth Partners LLC Sells 3,959 Shares of First Financial Bankshares, Inc. (NASDAQ:FFIN)

CFM Wealth Partners LLC lowered its stake in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 166,395 shares of the bank’s stock after selling 3,959 shares during the quarter. First Financial Bankshares makes up approximately 1.0% of CFM Wealth Partners LLC’s investment portfolio, making the stock its 26th largest position. CFM Wealth Partners LLC’s holdings in First Financial Bankshares were worth $5,999,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Huntington National Bank increased its position in First Financial Bankshares by 32.2% during the 3rd quarter. Huntington National Bank now owns 2,369 shares of the bank’s stock valued at $88,000 after purchasing an additional 577 shares during the period. R Squared Ltd acquired a new stake in shares of First Financial Bankshares during the 4th quarter worth approximately $88,000. Point72 Asset Management L.P. acquired a new stake in First Financial Bankshares in the 2nd quarter valued at $118,000. US Bancorp DE grew its position in First Financial Bankshares by 50.9% in the 3rd quarter. US Bancorp DE now owns 5,026 shares of the bank’s stock valued at $186,000 after purchasing an additional 1,696 shares during the period. Finally, KBC Group NV grew its position in First Financial Bankshares by 50.5% in the 4th quarter. KBC Group NV now owns 5,422 shares of the bank’s stock valued at $195,000 after purchasing an additional 1,819 shares during the period. Institutional investors own 69.78% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on FFIN. Hovde Group raised their price objective on First Financial Bankshares from $34.50 to $40.00 and gave the company a “market perform” rating in a research note on Monday, October 21st. Stephens lifted their target price 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, Keefe, Bruyette & Woods lifted their target price on First Financial Bankshares from $40.00 to $41.00 and gave the company a “market perform” rating in a report on Monday, January 27th.

First Financial Bankshares Trading Down 1.0 %

FFIN opened at $37.26 on Monday. First Financial Bankshares, Inc. has a 12-month low of $27.62 and a 12-month high of $44.66. The stock has a fifty day simple moving average of $38.15 and a two-hundred day simple moving average of $37.52. The company has a market cap of $5.32 billion, a price-to-earnings ratio of 23.88 and a beta of 0.83.

First Financial Bankshares (NASDAQ:FFIN) last announced its earnings results on Thursday, January 23rd. The bank reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.03. First Financial Bankshares had a return on equity of 14.24% and a net margin of 29.69%. On average, analysts predict that First Financial Bankshares, Inc. will post 1.72 EPS for the current year.

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 sale, the director now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO F Scott Dueser sold 25,000 shares of First Financial Bankshares stock in a transaction that occurred on Thursday, December 12th. The stock was 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 directly owns 471,004 shares in the company, valued at approximately $19,183,992.92. The trade was a 5.04 % decrease in their position. The disclosure for this sale can be found here. Insiders own 4.22% of the company’s stock.

About First Financial Bankshares

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.