Lindenwold Advisors INC Has $336,000 Holdings in First Financial Bankshares, Inc. (NASDAQ:FFIN)

Lindenwold Advisors INC boosted its position in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 2.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,091 shares of the bank’s stock after buying an additional 250 shares during the period. Lindenwold Advisors INC’s holdings in First Financial Bankshares were worth $336,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of FFIN. Olistico Wealth LLC acquired a new position in shares of First Financial Bankshares in the 2nd quarter valued at about $29,000. Neo Ivy Capital Management acquired a new position in First Financial Bankshares in the second quarter valued at approximately $41,000. Huntington National Bank boosted its holdings in shares of First Financial Bankshares by 32.2% during the 3rd quarter. Huntington National Bank now owns 2,369 shares of the bank’s stock worth $88,000 after buying an additional 577 shares in the last quarter. Quarry LP acquired a new stake in shares of First Financial Bankshares during the 2nd quarter worth approximately $83,000. Finally, Point72 DIFC Ltd bought a new stake in shares of First Financial Bankshares in the 2nd quarter valued at $97,000. Institutional investors 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 First Financial Bankshares stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $41.12, for a total transaction of $287,840.00. Following the transaction, the director now owns 101,085 shares of the company’s stock, valued at $4,156,615.20. This trade represents a 6.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 4.22% of the stock is owned by insiders.

First Financial Bankshares Trading Down 0.2 %

Shares of FFIN stock opened at $41.25 on Tuesday. The firm has a fifty day simple moving average of $37.76 and a two-hundred day simple moving average of $34.28. First Financial Bankshares, Inc. has a 12 month low of $25.99 and a 12 month high of $43.57. The firm has a market capitalization of $5.90 billion, a PE ratio of 28.45 and a beta of 0.78.

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

First Financial Bankshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.75%. First Financial Bankshares’s dividend payout ratio is presently 49.66%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on FFIN. Truist Financial increased their target price on shares of First Financial Bankshares from $39.00 to $40.00 and gave the stock a “hold” rating in a research note on Friday, September 20th. Hovde Group increased their price objective on shares of First Financial Bankshares from $34.50 to $40.00 and gave the stock a “market perform” rating in a research report on Monday, October 21st. Finally, Stephens raised their target price 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.

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.