Yousif Capital Management LLC Sells 1,022 Shares of First Financial Bankshares, Inc. (NASDAQ:FFIN)

Yousif Capital Management LLC decreased its position in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 2.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,053 shares of the bank’s stock after selling 1,022 shares during the quarter. Yousif Capital Management LLC’s holdings in First Financial Bankshares were worth $1,582,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of FFIN. Van ECK Associates Corp bought a new position in First Financial Bankshares during the fourth quarter worth $3,504,000. Strategic Financial Concepts LLC increased its position in First Financial Bankshares by 3.0% during the fourth quarter. Strategic Financial Concepts LLC now owns 80,190 shares of the bank’s stock worth $2,891,000 after acquiring an additional 2,373 shares during the period. Monument Capital Management increased its position in First Financial Bankshares by 16.9% during the fourth quarter. Monument Capital Management now owns 8,839 shares of the bank’s stock worth $319,000 after acquiring an additional 1,277 shares during the period. Atria Wealth Solutions Inc. increased its position in First Financial Bankshares by 26.4% during the fourth quarter. Atria Wealth Solutions Inc. now owns 43,335 shares of the bank’s stock worth $1,567,000 after acquiring an additional 9,056 shares during the period. Finally, Proficio Capital Partners LLC bought a new position in First Financial Bankshares during the fourth quarter worth $402,000. Institutional investors own 69.78% of the company’s stock.

First Financial Bankshares Price Performance

FFIN opened at $35.68 on Tuesday. First Financial Bankshares, Inc. has a fifty-two week low of $27.69 and a fifty-two week high of $44.66. The firm’s fifty day moving average price is $34.55 and its two-hundred day moving average price is $36.10. The company has a market capitalization of $5.10 billion, a P/E ratio of 22.87 and a beta of 0.87.

First Financial Bankshares (NASDAQ:FFIN) last announced its earnings results on Thursday, April 17th. The bank reported $0.43 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.43. The business 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, equities research analysts expect that First Financial Bankshares, Inc. will post 1.78 EPS for the current fiscal year.

First Financial Bankshares Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 16th will be paid a $0.19 dividend. The ex-dividend date is Monday, June 16th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.13%. This is a boost from First Financial Bankshares’s previous quarterly dividend of $0.18. First Financial Bankshares’s payout ratio is 46.91%.

Insider Transactions at First Financial Bankshares

In other First Financial Bankshares news, Director Michael B. Denny purchased 5,000 shares of the company’s stock in a transaction that occurred on Friday, June 13th. The stock was purchased at an average cost of $36.02 per share, with a total value of $180,100.00. Following the acquisition, the director now directly owns 108,708 shares of the company’s stock, valued at approximately $3,915,662.16. This trade represents a 4.82% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Insiders have acquired 6,399 shares of company stock valued at $227,646 in the last three months. 4.22% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Keefe, Bruyette & Woods dropped their target price on shares of First Financial Bankshares from $38.00 to $36.00 and set a “market perform” rating on the stock in a research report on Monday, April 21st. Hovde Group decreased their price target on shares of First Financial Bankshares from $40.00 to $38.00 and set a “market perform” rating on the stock in a research note on Monday, April 21st.

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.