First Financial Bankshares, Inc. (NASDAQ:FFIN) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets lowered its position in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 58.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,228 shares of the bank’s stock after selling 70,986 shares during the quarter. BNP Paribas Financial Markets’ holdings in First Financial Bankshares were worth $1,811,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Assetmark Inc. acquired a new stake in shares of First Financial Bankshares in the fourth quarter valued at approximately $33,000. R Squared Ltd bought a new position in shares of First Financial Bankshares in the fourth quarter valued at approximately $88,000. Harvest Fund Management Co. Ltd boosted its holdings in shares of First Financial Bankshares by 1,497.0% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 3,242 shares of the bank’s stock valued at $118,000 after acquiring an additional 3,039 shares in the last quarter. KBC Group NV boosted its holdings in shares of First Financial Bankshares by 50.5% in the fourth quarter. KBC Group NV now owns 5,422 shares of the bank’s stock valued at $195,000 after acquiring an additional 1,819 shares in the last quarter. Finally, US Bancorp DE boosted its holdings in shares of First Financial Bankshares by 7.4% in the fourth quarter. US Bancorp DE now owns 5,396 shares of the bank’s stock valued at $195,000 after acquiring an additional 370 shares in the last quarter. Institutional investors and hedge funds own 69.78% of the company’s stock.

Insider Buying and Selling

In other news, Director Johnny Trotter acquired 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average price of $35.12 per share, with a total value of $210,720.00. Following the purchase, the director now owns 949,371 shares of the company’s stock, valued at approximately $33,341,909.52. This trade represents a 0.64% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last ninety days, insiders acquired 7,099 shares of company stock worth $247,751. Corporate insiders own 4.22% of the company’s stock.

First Financial Bankshares Stock Performance

Shares of NASDAQ:FFIN opened at $35.86 on Friday. The stock has a market capitalization of $5.13 billion, a price-to-earnings ratio of 22.99 and a beta of 0.89. First Financial Bankshares, Inc. has a 1-year low of $27.62 and a 1-year high of $44.66. The company has a 50 day moving average price of $34.28 and a 200 day moving average price of $36.89.

First Financial Bankshares (NASDAQ:FFIN) last issued its earnings results on Thursday, April 17th. The bank reported $0.43 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.43. The firm had revenue of $149.02 million during the quarter, compared to analysts’ expectations of $149.48 million. First Financial Bankshares had a net margin of 29.69% and a return on equity of 14.24%. On average, sell-side analysts expect that First Financial Bankshares, Inc. will post 1.78 EPS for the current fiscal year.

First Financial Bankshares Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 16th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.12%. This is a boost from First Financial Bankshares’s previous quarterly dividend of $0.18. The ex-dividend date is Monday, June 16th. First Financial Bankshares’s dividend payout ratio (DPR) is presently 46.91%.

Analyst Upgrades and Downgrades

FFIN has been the subject of several recent analyst reports. Keefe, Bruyette & Woods decreased their price objective on shares of First Financial Bankshares from $38.00 to $36.00 and set a “market perform” rating for the company in a report on Monday, April 21st. Hovde Group decreased their price objective on shares of First Financial Bankshares from $40.00 to $38.00 and set a “market perform” rating for the company in a report on Monday, April 21st.

First Financial Bankshares Company 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.