Two Sigma Advisers LP Sells 83,700 Shares of First Financial Bankshares, Inc. (NASDAQ:FFIN)

Two Sigma Advisers LP lessened its position in First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) by 41.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 117,100 shares of the bank's stock after selling 83,700 shares during the quarter. Two Sigma Advisers LP owned approximately 0.08% of First Financial Bankshares worth $4,221,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Federated Hermes Inc. raised its position in First Financial Bankshares by 2.3% in the 4th quarter. Federated Hermes Inc. now owns 13,313 shares of the bank's stock valued at $480,000 after buying an additional 295 shares during the last quarter. Arizona State Retirement System raised its position in First Financial Bankshares by 0.9% in the 4th quarter. Arizona State Retirement System now owns 35,263 shares of the bank's stock valued at $1,271,000 after buying an additional 302 shares during the last quarter. Kingsview Wealth Management LLC raised its position in First Financial Bankshares by 1.2% in the 4th quarter. Kingsview Wealth Management LLC now owns 26,649 shares of the bank's stock valued at $961,000 after buying an additional 312 shares during 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 buying an additional 312 shares during the last quarter. Finally, US Bancorp DE raised its position in First Financial Bankshares by 7.4% in the 4th quarter. US Bancorp DE now owns 5,396 shares of the bank's stock valued at $195,000 after buying an additional 370 shares during the last quarter. Institutional investors and hedge funds own 69.78% of the company's stock.

Insider Buying and Selling at First Financial Bankshares

In related news, Director Johnny Trotter purchased 6,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average price of $35.12 per share, for a total transaction of $210,720.00. Following the purchase, the director now owns 949,371 shares in the company, valued at approximately $33,341,909.52. This represents a 0.64% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have purchased a total of 7,399 shares of company stock worth $258,266 over the last ninety days. Insiders own 4.22% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods dropped their target price on 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 dropped their target price on 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 Trading Down 0.2%

Shares of NASDAQ:FFIN traded down $0.07 during trading on Friday, hitting $35.31. 152,910 shares of the company were exchanged, compared to its average volume of 546,247. The stock has a market cap of $5.05 billion, a price-to-earnings ratio of 22.63 and a beta of 0.89. First Financial Bankshares, Inc. has a fifty-two week low of $27.62 and a fifty-two week high of $44.66. The firm has a fifty day moving average price of $34.15 and a two-hundred day moving average price of $36.65.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The bank reported $0.43 earnings per share for the quarter, hitting the consensus estimate of $0.43. First Financial Bankshares had a return on equity of 14.24% and a net margin of 29.69%. The firm had revenue of $149.02 million for the quarter, compared to analyst estimates of $149.48 million. As a group, research analysts predict that First Financial Bankshares, Inc. will post 1.78 EPS for the current year.

First Financial Bankshares Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 16th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.15%. This is a boost from First Financial Bankshares's previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Monday, June 16th. First Financial Bankshares's 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.