First Financial Bankshares, Inc. (NASDAQ:FFIN) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its holdings in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) by 2.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 57,480 shares of the bank’s stock after selling 1,484 shares during the period. Amalgamated Bank’s holdings in First Financial Bankshares were worth $2,065,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Squarepoint Ops LLC raised its holdings in First Financial Bankshares by 65.9% during the fourth quarter. Squarepoint Ops LLC now owns 29,807 shares of the bank’s stock worth $1,075,000 after purchasing an additional 11,836 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in First Financial Bankshares by 11.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 337,097 shares of the bank’s stock worth $12,152,000 after purchasing an additional 35,881 shares in the last quarter. Jefferies Financial Group Inc. purchased a new position in First Financial Bankshares during the fourth quarter worth about $835,000. GTS Securities LLC purchased a new position in First Financial Bankshares during the fourth quarter worth about $278,000. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in First Financial Bankshares by 10.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 13,765 shares of the bank’s stock worth $494,000 after purchasing an additional 1,255 shares in the last quarter. Institutional investors and hedge funds own 69.78% of the company’s stock.

Wall Street Analyst Weigh In

FFIN has been the subject of a number of research analyst reports. 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 for the company in a report on Monday, April 21st. Hovde Group dropped their target price 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.

Insider Transactions at First Financial Bankshares

In other First Financial Bankshares news, Director Michael B. Denny bought 5,000 shares of the company’s stock in a transaction that occurred on Friday, June 13th. The stock was purchased at an average price of $36.02 per share, with a total value of $180,100.00. Following the transaction, the director owned 108,708 shares in the company, valued at $3,915,662.16. This trade represents a 4.82% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last three months, insiders have purchased 6,399 shares of company stock worth $227,646. 3.96% of the stock is currently owned by corporate insiders.

First Financial Bankshares Stock Up 0.5%

Shares of FFIN opened at $37.74 on Monday. The firm has a market cap of $5.40 billion, a PE ratio of 23.30 and a beta of 0.87. The company’s fifty day moving average is $35.51 and its two-hundred day moving average is $35.71. First Financial Bankshares, Inc. has a fifty-two week low of $28.35 and a fifty-two week high of $44.66.

First Financial Bankshares (NASDAQ:FFIN) last announced its quarterly earnings results on Thursday, April 17th. The bank reported $0.43 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.43. The company had revenue of $149.02 million for the quarter, compared to analyst estimates of $149.48 million. First Financial Bankshares had a net margin of 30.01% and a return on equity of 14.31%. As a group, equities research analysts anticipate that First Financial Bankshares, Inc. will post 1.78 earnings per share for the current year.

First Financial Bankshares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Monday, June 16th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend was Monday, June 16th. This is an increase from First Financial Bankshares’s previous quarterly dividend of $0.18. First Financial Bankshares’s dividend payout ratio is 46.91%.

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.