First Financial Bankshares, Inc. (NASDAQ:FFIN) Stock Position Reduced by TD Private Client Wealth LLC

TD Private Client Wealth LLC decreased its stake in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 30.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,298 shares of the bank’s stock after selling 573 shares during the period. TD Private Client Wealth LLC’s holdings in First Financial Bankshares were worth $48,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. State Street Corp lifted its holdings in shares of First Financial Bankshares by 4.7% in the 3rd quarter. State Street Corp now owns 6,222,092 shares of the bank’s stock worth $231,381,000 after purchasing an additional 281,166 shares during the last quarter. Champlain Investment Partners LLC increased its position in First Financial Bankshares by 6.8% in the 3rd quarter. Champlain Investment Partners LLC now owns 3,516,329 shares of the bank’s stock valued at $130,139,000 after acquiring an additional 223,640 shares during the period. Geode Capital Management LLC increased its position in First Financial Bankshares by 8.0% in the 3rd quarter. Geode Capital Management LLC now owns 3,361,921 shares of the bank’s stock valued at $124,446,000 after acquiring an additional 249,011 shares during the period. Strategic Financial Concepts LLC increased its position in First Financial Bankshares by 3,632.9% in the 2nd quarter. Strategic Financial Concepts LLC now owns 2,992,894 shares of the bank’s stock valued at $884,000 after acquiring an additional 2,912,718 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in First Financial Bankshares by 5.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,556,205 shares of the bank’s stock valued at $75,482,000 after acquiring an additional 130,361 shares during the period. Institutional investors own 69.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on FFIN shares. 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 report on Friday, October 18th. Truist Financial lifted their price target on First Financial Bankshares from $39.00 to $40.00 and gave the company a “hold” rating in a research report on Friday, September 20th. Hovde Group lifted their price target on First Financial Bankshares from $34.50 to $40.00 and gave the company a “market perform” rating in a research report on Monday, October 21st. Finally, Keefe, Bruyette & Woods lifted their price target on First Financial Bankshares from $36.00 to $40.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th.

Insider Buying and Selling at First Financial Bankshares

In other First Financial Bankshares news, Director Michael B. Denny sold 7,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $41.12, for a total value of $287,840.00. Following the transaction, the director now owns 101,085 shares in the company, valued at $4,156,615.20. The trade was a 6.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO F Scott Dueser sold 25,000 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now owns 471,004 shares of the company’s stock, valued at approximately $19,183,992.92. This trade represents a 5.04 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 4.22% of the company’s stock.

First Financial Bankshares Stock Up 1.0 %

Shares of NASDAQ FFIN opened at $40.86 on Tuesday. The stock has a market capitalization of $5.84 billion, a price-to-earnings ratio of 28.18 and a beta of 0.81. The stock’s fifty day simple moving average is $39.57 and its 200 day simple moving average is $35.78. First Financial Bankshares, Inc. has a 52-week low of $27.06 and a 52-week high of $44.66.

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

First Financial Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th will be paid a $0.18 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.72 dividend on an annualized basis and a yield of 1.76%. First Financial Bankshares’s dividend payout ratio (DPR) is currently 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.