Crewe Advisors LLC Sells 420 Shares of First Financial Bankshares, Inc. (NASDAQ:FFIN)

Crewe Advisors LLC cut its holdings in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 8.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,845 shares of the bank’s stock after selling 420 shares during the period. Crewe Advisors LLC’s holdings in First Financial Bankshares were worth $179,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in FFIN. Vanguard Group Inc. increased its stake in First Financial Bankshares by 3.4% in the 1st quarter. Vanguard Group Inc. now owns 14,956,322 shares of the bank’s stock valued at $490,717,000 after buying an additional 490,770 shares during the last quarter. O Shaughnessy Asset Management LLC raised its holdings in First Financial Bankshares by 29.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 18,709 shares of the bank’s stock worth $614,000 after acquiring an additional 4,221 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in First Financial Bankshares by 2.4% during the first quarter. CANADA LIFE ASSURANCE Co now owns 104,002 shares of the bank’s stock worth $3,414,000 after acquiring an additional 2,424 shares in the last quarter. Lazard Asset Management LLC acquired a new position in First Financial Bankshares during the first quarter valued at approximately $408,000. Finally, Price T Rowe Associates Inc. MD grew its stake in First Financial Bankshares by 6.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 84,096 shares of the bank’s stock valued at $2,760,000 after purchasing an additional 4,736 shares in the last quarter. Institutional investors own 69.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Hovde Group upped their price objective on 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. Stephens upped their price target on shares of First Financial Bankshares from $37.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. Finally, Truist Financial increased their price target on shares of First Financial Bankshares from $39.00 to $40.00 and gave the company a “hold” rating in a research note on Friday, September 20th.

Insider Activity at First Financial Bankshares

In related news, Director Michael B. Denny sold 7,000 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $41.12, for a total value of $287,840.00. Following the completion of the sale, the director now directly owns 101,085 shares in the company, valued at $4,156,615.20. The trade was a 6.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 4.22% of the stock is owned by company insiders.

First Financial Bankshares Trading Up 3.2 %

Shares of NASDAQ FFIN opened at $42.77 on Friday. The company has a market capitalization of $6.11 billion, a P/E ratio of 29.50 and a beta of 0.78. First Financial Bankshares, Inc. has a 12 month low of $25.99 and a 12 month high of $43.57. The stock has a 50 day moving average of $38.19 and a 200-day moving average of $34.55.

First Financial Bankshares (NASDAQ:FFIN) last released its quarterly earnings data on Thursday, October 17th. The bank reported $0.39 EPS for the quarter, hitting analysts’ consensus estimates of $0.39. First Financial Bankshares had a net margin of 28.76% and a return on equity of 13.43%. The firm had revenue of $142.10 million during the quarter, compared to analysts’ expectations of $140.25 million. Analysts predict that First Financial Bankshares, Inc. will post 1.52 EPS for the current fiscal year.

First Financial Bankshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 13th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend is Friday, December 13th. First Financial Bankshares’s payout ratio is 49.66%.

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.