First Financial Bankshares, Inc. (NASDAQ:FFIN) Shares Sold by Neuberger Berman Group LLC

Neuberger Berman Group LLC cut its position in First Financial Bankshares, Inc. (NASDAQ:FFINGet Rating) by 2.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,341,313 shares of the bank’s stock after selling 93,086 shares during the period. Neuberger Berman Group LLC owned 3.04% of First Financial Bankshares worth $191,541,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Shell Asset Management Co. boosted its stake in shares of First Financial Bankshares by 69.1% in the first quarter. Shell Asset Management Co. now owns 8,758 shares of the bank’s stock worth $386,000 after acquiring an additional 3,579 shares during the last quarter. Western Wealth Management LLC boosted its stake in shares of First Financial Bankshares by 100.0% in the first quarter. Western Wealth Management LLC now owns 20,220 shares of the bank’s stock worth $892,000 after acquiring an additional 10,110 shares during the last quarter. Eagle Asset Management Inc. boosted its stake in shares of First Financial Bankshares by 20.7% in the fourth quarter. Eagle Asset Management Inc. now owns 757,502 shares of the bank’s stock worth $38,776,000 after acquiring an additional 130,110 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of First Financial Bankshares by 11.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,481,520 shares of the bank’s stock worth $75,320,000 after acquiring an additional 152,859 shares during the last quarter. Finally, Ardevora Asset Management LLP boosted its stake in shares of First Financial Bankshares by 70.9% in the first quarter. Ardevora Asset Management LLP now owns 2,169,387 shares of the bank’s stock worth $95,713,000 after acquiring an additional 900,084 shares during the last quarter. 54.32% of the stock is owned by institutional investors and hedge funds.

First Financial Bankshares Stock Performance

Shares of First Financial Bankshares stock opened at $42.87 on Friday. First Financial Bankshares, Inc. has a one year low of $37.47 and a one year high of $55.00. The company has a market cap of $6.11 billion, a price-to-earnings ratio of 26.63 and a beta of 0.88. The business’s 50 day moving average price is $43.15 and its 200 day moving average price is $42.51.

First Financial Bankshares (NASDAQ:FFINGet Rating) last posted its earnings results on Thursday, July 21st. The bank reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. First Financial Bankshares had a return on equity of 14.63% and a net margin of 42.97%. The company had revenue of $139.47 million for the quarter, compared to the consensus estimate of $133.87 million. On average, analysts predict that First Financial Bankshares, Inc. will post 1.63 EPS for the current fiscal year.

First Financial Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Thursday, September 15th will be given a $0.17 dividend. The ex-dividend date is Wednesday, September 14th. This represents a $0.68 dividend on an annualized basis and a yield of 1.59%. First Financial Bankshares’s dividend payout ratio is currently 42.24%.

Analysts Set New Price Targets

A number of brokerages recently commented on FFIN. Stephens lifted their price objective on First Financial Bankshares to $44.00 in a research report on Tuesday, July 26th. StockNews.com upgraded First Financial Bankshares from a “sell” rating to a “hold” rating in a research report on Tuesday, June 28th. Truist Financial lifted their price objective on First Financial Bankshares to $46.00 in a research report on Monday, July 25th. Finally, Hovde Group reduced their price objective on First Financial Bankshares to $44.50 in a research report on Friday, July 22nd.

Insider Buying and Selling at First Financial Bankshares

In other First Financial Bankshares news, Director Johnny Trotter bought 4,300 shares of First Financial Bankshares stock in a transaction on Tuesday, September 13th. The shares were bought at an average price of $42.28 per share, for a total transaction of $181,804.00. Following the completion of the transaction, the director now directly owns 898,057 shares of the company’s stock, valued at $37,969,849.96. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 4.19% of the company’s stock.

First Financial Bankshares Profile

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First Financial Bankshares, Inc, through its subsidiaries, provides commercial banking products and services in Texas. The company accepts checking, savings and money market accounts, and time deposits; commercial and industrial, municipal, agricultural, construction and development, farm, non-owner occupied and owner-occupied commercial real estate, residential, and consumer auto and non-auto loans to businesses, professional individuals, and farm and ranch operations.

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Institutional Ownership by Quarter for First Financial Bankshares (NASDAQ:FFIN)

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