First Financial Bankshares, Inc. $FFIN Shares Sold by Helen Stephens Group LLC

Key Points

• Helen Stephens Group LLC reduced its holdings in First Financial Bankshares by 31.2%, selling 8,000 shares in the 2nd quarter, leaving them with 17,630 shares valued at $634,000.
• First Financial Bankshares reported quarterly earnings of $0.47 EPS, surpassing analysts' expectations of $0.45, with revenue of $156.60 million.
• The company announced a quarterly dividend of $0.19 per share, scheduled for payment on October 1st, representing an annualized dividend yield of 2.1%.

Helen Stephens Group LLC cut its holdings in First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) by 31.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 17,630 shares of the bank's stock after selling 8,000 shares during the period. Helen Stephens Group LLC's holdings in First Financial Bankshares were worth $634,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Fifth Third Bancorp lifted its position in First Financial Bankshares by 161.5% in the 1st quarter. Fifth Third Bancorp now owns 714 shares of the bank's stock valued at $26,000 after purchasing an additional 441 shares during the last quarter. Investment Research & Advisory Group Inc. bought a new stake in First Financial Bankshares in the 1st quarter valued at about $26,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in First Financial Bankshares in the 1st quarter valued at about $36,000. Smartleaf Asset Management LLC lifted its position in First Financial Bankshares by 47.5% in the 1st quarter. Smartleaf Asset Management LLC now owns 1,255 shares of the bank's stock valued at $45,000 after purchasing an additional 404 shares during the last quarter. Finally, Quarry LP lifted its position in First Financial Bankshares by 336.9% in the 1st quarter. Quarry LP now owns 1,573 shares of the bank's stock valued at $57,000 after purchasing an additional 1,213 shares during the last quarter. 69.78% of the stock is currently owned by institutional investors.

First Financial Bankshares Trading Down 0.2%

FFIN stock opened at $36.02 on Friday. First Financial Bankshares, Inc. has a 52 week low of $30.58 and a 52 week high of $44.66. The company has a market capitalization of $5.15 billion, a price-to-earnings ratio of 20.94 and a beta of 0.89. The firm's 50-day moving average is $36.20 and its two-hundred day moving average is $35.48.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The bank reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.02. First Financial Bankshares had a net margin of 31.01% and a return on equity of 14.69%. The company had revenue of $156.60 million for the quarter, compared to the consensus estimate of $156.41 million. During the same period in the previous year, the firm earned $0.37 EPS. On average, equities research analysts predict that First Financial Bankshares, Inc. will post 1.78 earnings per share for the current year.

First Financial Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Monday, September 15th. First Financial Bankshares's payout ratio is presently 44.19%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on FFIN. Keefe, Bruyette & Woods lifted their price objective on shares of First Financial Bankshares from $36.00 to $38.00 and gave the company a "market perform" rating in a research report on Friday, July 18th. Cantor Fitzgerald assumed coverage on shares of First Financial Bankshares in a research report on Wednesday. They issued a "neutral" rating and a $39.00 price objective on the stock. Finally, Hovde Group boosted their price target on shares of First Financial Bankshares from $38.00 to $39.00 and gave the stock a "market perform" rating in a research report on Monday, July 21st. Five analysts have rated the stock with a Hold rating, Based on data from MarketBeat, First Financial Bankshares has an average rating of "Hold" and an average target price of $39.20.

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.

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