Atria Wealth Solutions Inc. Sells 400 Shares of First Financial Bankshares, Inc. (NASDAQ:FFIN)

Atria Wealth Solutions Inc. cut its holdings in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) by 0.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 71,796 shares of the bank’s stock after selling 400 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in First Financial Bankshares were worth $2,188,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. CWM LLC increased its position in First Financial Bankshares by 146.3% during the 4th quarter. CWM LLC now owns 26,839 shares of the bank’s stock valued at $813,000 after purchasing an additional 15,943 shares during the period. Signaturefd LLC increased its position in shares of First Financial Bankshares by 101.3% during the fourth quarter. Signaturefd LLC now owns 5,386 shares of the bank’s stock valued at $163,000 after buying an additional 2,710 shares during the period. Lindbrook Capital LLC raised its stake in First Financial Bankshares by 134.8% in the fourth quarter. Lindbrook Capital LLC now owns 911 shares of the bank’s stock worth $28,000 after buying an additional 523 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in First Financial Bankshares by 19.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,988 shares of the bank’s stock worth $1,000,000 after buying an additional 5,275 shares during the period. Finally, Louisiana State Employees Retirement System bought a new stake in First Financial Bankshares during the 4th quarter valued at approximately $1,094,000. Institutional investors own 69.78% of the company’s stock.

Insider Buying and Selling at First Financial Bankshares

In other news, Director Johnny Trotter purchased 1,500 shares of the business’s stock in a transaction on Thursday, April 25th. The stock was acquired at an average cost of $30.22 per share, for a total transaction of $45,330.00. Following the purchase, the director now directly owns 940,371 shares in the company, valued at approximately $28,418,011.62. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 4.22% of the stock is owned by corporate insiders.

First Financial Bankshares Stock Down 2.1 %

Shares of NASDAQ FFIN opened at $29.71 on Tuesday. The firm’s 50-day moving average price is $30.97 and its 200-day moving average price is $29.17. First Financial Bankshares, Inc. has a 52-week low of $22.84 and a 52-week high of $33.15. The company has a market cap of $4.24 billion, a PE ratio of 21.22 and a beta of 0.82.

First Financial Bankshares (NASDAQ:FFIN) last issued its earnings results on Tuesday, April 23rd. The bank reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.02. The company had revenue of $129.63 million for the quarter, compared to analysts’ expectations of $129.72 million. First Financial Bankshares had a net margin of 30.03% and a return on equity of 14.28%. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the company posted $0.39 earnings per share. As a group, equities research analysts anticipate that First Financial Bankshares, Inc. will post 1.47 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on FFIN. Truist Financial decreased their target price on First Financial Bankshares from $34.00 to $32.00 and set a “hold” rating for the company in a research report on Monday, April 22nd. Keefe, Bruyette & Woods raised their price objective on First Financial Bankshares from $30.00 to $31.00 and gave the company a “market perform” rating in a research report on Friday, January 26th. Finally, Stephens cut their price objective on shares of First Financial Bankshares from $35.00 to $31.00 and set an “equal weight” rating on the stock in a report on Friday, April 19th. One research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $31.33.

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.