First Financial Bankshares, Inc. (NASDAQ:FFIN) Shares Sold by Emerald Advisers LLC

Emerald Advisers LLC trimmed its holdings in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) by 3.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 214,453 shares of the bank’s stock after selling 8,054 shares during the period. Emerald Advisers LLC owned about 0.15% of First Financial Bankshares worth $7,731,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Assetmark Inc. acquired a new position in shares of First Financial Bankshares during the fourth quarter worth $33,000. R Squared Ltd acquired a new position in shares of First Financial Bankshares during the fourth quarter worth $88,000. Harvest Fund Management Co. Ltd lifted its position in shares of First Financial Bankshares by 1,497.0% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 3,242 shares of the bank’s stock worth $118,000 after purchasing an additional 3,039 shares in the last quarter. KBC Group NV lifted its position in shares of First Financial Bankshares by 50.5% during the fourth quarter. KBC Group NV now owns 5,422 shares of the bank’s stock worth $195,000 after purchasing an additional 1,819 shares in the last quarter. Finally, US Bancorp DE lifted its position in shares of First Financial Bankshares by 7.4% during the fourth quarter. US Bancorp DE now owns 5,396 shares of the bank’s stock worth $195,000 after purchasing an additional 370 shares in the last quarter. 69.78% of the stock is owned by institutional investors and hedge funds.

First Financial Bankshares Price Performance

FFIN opened at $35.70 on Friday. The stock has a market capitalization of $5.10 billion, a PE ratio of 22.88 and a beta of 0.78. The firm’s fifty day moving average price is $36.90 and its 200 day moving average price is $37.71. First Financial Bankshares, Inc. has a 12-month low of $27.62 and a 12-month high of $44.66.

First Financial Bankshares (NASDAQ:FFIN) last posted its quarterly earnings results on Thursday, January 23rd. The bank reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.03. First Financial Bankshares had a net margin of 29.69% and a return on equity of 14.24%. On average, equities research analysts forecast that First Financial Bankshares, Inc. will post 1.78 earnings per share for the current fiscal year.

First Financial Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.72 annualized dividend and a yield of 2.02%. First Financial Bankshares’s dividend payout ratio is presently 46.15%.

Insider Activity at First Financial Bankshares

In other First Financial Bankshares news, Director Johnny Trotter bought 6,000 shares of the stock in a transaction on Wednesday, March 12th. The stock was purchased at an average price of $35.12 per share, for a total transaction of $210,720.00. Following the completion of the purchase, the director now directly owns 949,371 shares in the company, valued at approximately $33,341,909.52. This trade represents a 0.64 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.22% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods boosted their target price on shares of First Financial Bankshares from $40.00 to $41.00 and gave the stock a “market perform” rating in a research report on Monday, January 27th.

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.