Wealth Enhancement Advisory Services LLC Has $451,000 Stock Position in First Financial Bankshares, Inc. (NASDAQ:FFIN)

Wealth Enhancement Advisory Services LLC cut its position in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 20.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,510 shares of the bank’s stock after selling 3,228 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in First Financial Bankshares were worth $451,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Federated Hermes Inc. raised its stake in shares of First Financial Bankshares by 2.3% in the fourth quarter. Federated Hermes Inc. now owns 13,313 shares of the bank’s stock valued at $480,000 after acquiring an additional 295 shares during the last quarter. Arizona State Retirement System increased its holdings in First Financial Bankshares by 0.9% during the 4th quarter. Arizona State Retirement System now owns 35,263 shares of the bank’s stock valued at $1,271,000 after purchasing an additional 302 shares in the last quarter. Numerai GP LLC raised its position in First Financial Bankshares by 1.8% in the 4th quarter. Numerai GP LLC now owns 18,033 shares of the bank’s stock valued at $650,000 after purchasing an additional 312 shares during the last quarter. 49 Wealth Management LLC boosted its stake in First Financial Bankshares by 4.7% in the fourth quarter. 49 Wealth Management LLC now owns 7,825 shares of the bank’s stock worth $282,000 after purchasing an additional 350 shares in the last quarter. Finally, US Bancorp DE grew its holdings in shares of First Financial Bankshares by 7.4% during the fourth quarter. US Bancorp DE now owns 5,396 shares of the bank’s stock worth $195,000 after purchasing an additional 370 shares during the last quarter. 69.78% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on FFIN. Keefe, Bruyette & Woods cut their price target on 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 reduced their target price on shares of First Financial Bankshares from $40.00 to $38.00 and set a “market perform” rating on the stock in a research report on Monday, April 21st.

First Financial Bankshares Stock Down 0.6%

Shares of FFIN opened at $36.66 on Friday. The stock’s fifty day simple moving average is $34.39 and its 200-day simple moving average is $36.27. The firm has a market capitalization of $5.24 billion, a PE ratio of 23.50 and a beta of 0.87. First Financial Bankshares, Inc. has a 12-month low of $27.62 and a 12-month high of $44.66.

First Financial Bankshares (NASDAQ:FFIN) last released its earnings results on Thursday, April 17th. The bank reported $0.43 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.43. First Financial Bankshares had a net margin of 29.69% and a return on equity of 14.24%. The company had revenue of $149.02 million for the quarter, compared to the consensus estimate of $149.48 million. Analysts anticipate that First Financial Bankshares, Inc. will post 1.78 EPS for the current year.

First Financial Bankshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 16th will be paid a $0.19 dividend. The ex-dividend date is Monday, June 16th. This is a boost from First Financial Bankshares’s previous quarterly dividend of $0.18. This represents a $0.76 dividend on an annualized basis and a yield of 2.07%. First Financial Bankshares’s dividend payout ratio (DPR) is presently 46.91%.

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.