First Financial Bankshares, Inc. (NASDAQ:FFIN) Shares Sold by Vista Finance LLC

Vista Finance LLC reduced its stake in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 7.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 19,499 shares of the bank’s stock after selling 1,492 shares during the quarter. First Financial Bankshares accounts for 0.7% of Vista Finance LLC’s portfolio, making the stock its 21st largest position. Vista Finance LLC’s holdings in First Financial Bankshares were worth $703,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Lindenwold Advisors INC increased its stake in First Financial Bankshares by 2.8% during the 3rd quarter. Lindenwold Advisors INC now owns 9,091 shares of the bank’s stock worth $336,000 after buying an additional 250 shares during the period. Kingsview Wealth Management LLC increased its stake in First Financial Bankshares by 1.2% during the 4th quarter. Kingsview Wealth Management LLC now owns 26,649 shares of the bank’s stock worth $961,000 after buying an additional 312 shares during the period. Ballentine Partners LLC increased its stake in First Financial Bankshares by 2.8% during the 3rd quarter. Ballentine Partners LLC now owns 12,190 shares of the bank’s stock worth $451,000 after buying an additional 333 shares during the period. Pacer Advisors Inc. increased its stake in First Financial Bankshares by 2.3% during the 4th quarter. Pacer Advisors Inc. now owns 19,170 shares of the bank’s stock worth $691,000 after buying an additional 432 shares during the period. Finally, Huntington National Bank increased its stake in 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 during the period. 69.78% of the stock is currently owned by institutional investors and hedge funds.

First Financial Bankshares Trading Down 0.8 %

Shares of NASDAQ:FFIN opened at $37.21 on Friday. First Financial Bankshares, Inc. has a 52 week low of $27.62 and a 52 week high of $44.66. The company’s 50 day moving average is $37.36 and its two-hundred day moving average is $37.56. The company has a market cap of $5.32 billion, a PE ratio of 23.85 and a beta of 0.83.

First Financial Bankshares (NASDAQ:FFIN) last announced its quarterly earnings data on Thursday, January 23rd. The bank reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. First Financial Bankshares had a net margin of 29.69% and a return on equity of 14.24%. As a group, equities research analysts expect that First Financial Bankshares, Inc. will post 1.78 EPS for the current year.

First Financial Bankshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend is Friday, March 14th. First Financial Bankshares’s dividend payout ratio (DPR) is 46.15%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Hovde Group upped 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 research note on Monday, October 21st. Keefe, Bruyette & Woods increased their price objective on shares of First Financial Bankshares from $40.00 to $41.00 and gave the company a “market perform” rating in a research report on Monday, January 27th.

Insider Activity at First Financial Bankshares

In related news, CEO F Scott Dueser sold 25,000 shares of the 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 transaction, the chief executive officer now directly owns 471,004 shares of the company’s stock, valued at $19,183,992.92. This trade represents a 5.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 4.22% of the company’s stock.

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.