Cwm LLC Sells 17,124 Shares of First Financial Bankshares, Inc. $FFIN

Cwm LLC trimmed its holdings in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 15.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 92,968 shares of the bank’s stock after selling 17,124 shares during the quarter. Cwm LLC owned 0.06% of First Financial Bankshares worth $2,777,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of FFIN. HHM Wealth Advisors LLC bought a new stake in shares of First Financial Bankshares in the third quarter valued at approximately $25,000. Olistico Wealth LLC bought a new stake in shares of First Financial Bankshares in the fourth quarter valued at approximately $30,000. Quarry LP boosted its position in shares of First Financial Bankshares by 66.3% in the third quarter. Quarry LP now owns 1,026 shares of the bank’s stock valued at $35,000 after acquiring an additional 409 shares during the period. CIBC Private Wealth Group LLC bought a new position in First Financial Bankshares in the third quarter worth $50,000. Finally, State of Wyoming bought a new position in First Financial Bankshares in the second quarter worth $54,000. 69.78% of the stock is owned by institutional investors.

Insider Activity

In related news, CFO Michelle S. Hickox acquired 1,000 shares of the company’s stock in a transaction on Monday, March 9th. The stock was purchased at an average cost of $29.50 per share, for a total transaction of $29,500.00. Following the completion of the purchase, the chief financial officer directly owned 11,861 shares of the company’s stock, valued at $349,899.50. The trade was a 9.21% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Johnny Trotter acquired 4,000 shares of the company’s stock in a transaction on Thursday, March 5th. The shares were bought at an average price of $30.02 per share, with a total value of $120,080.00. Following the completion of the purchase, the director directly owned 955,444 shares of the company’s stock, valued at approximately $28,682,428.88. This represents a 0.42% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders acquired 21,629 shares of company stock valued at $681,060. 3.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently commented on FFIN. Weiss Ratings reaffirmed a “hold (c)” rating on shares of First Financial Bankshares in a research report on Wednesday, April 8th. Keefe, Bruyette & Woods reduced their target price on First Financial Bankshares from $36.00 to $34.00 and set a “market perform” rating for the company in a research report on Thursday, April 9th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $37.33.

First Financial Bankshares Price Performance

First Financial Bankshares stock opened at $32.41 on Friday. The stock has a fifty day moving average price of $30.90 and a two-hundred day moving average price of $31.45. First Financial Bankshares, Inc. has a 52-week low of $28.11 and a 52-week high of $38.74. The firm has a market capitalization of $4.64 billion, a P/E ratio of 17.61 and a beta of 0.82.

First Financial Bankshares (NASDAQ:FFIN) last released its quarterly earnings data on Thursday, April 16th. The bank reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.03. First Financial Bankshares had a return on equity of 14.20% and a net margin of 31.00%.The firm had revenue of $166.89 million during the quarter, compared to analyst estimates of $166.78 million. During the same period in the prior year, the company posted $0.43 earnings per share. On average, equities research analysts predict that First Financial Bankshares, Inc. will post 2.04 EPS for the current fiscal year.

First Financial Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 2.3%. The ex-dividend date was Friday, March 13th. First Financial Bankshares’s dividend payout ratio is currently 41.30%.

First Financial Bankshares Profile

First Financial Bankshares, Inc is a regional bank holding company headquartered in Cincinnati, Ohio. Through its primary subsidiary, First Financial Bank, the company offers a full suite of banking products and services to individual, small business and commercial clients. With roots dating back to 1863, First Financial has cultivated a strong community banking heritage, combining personalized service with modern financial solutions.

The company’s core business activities include commercial and consumer lending, deposit products, treasury management, mortgage origination and servicing, and wealth management.