BNP Paribas Financial Markets Has $1.81 Million Stock Holdings in First Financial Bankshares, Inc. (NASDAQ:FFIN)

BNP Paribas Financial Markets trimmed its position in First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) by 58.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,228 shares of the bank's stock after selling 70,986 shares during the quarter. BNP Paribas Financial Markets' holdings in First Financial Bankshares were worth $1,811,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Assetmark Inc. acquired a new position in shares of First Financial Bankshares in the fourth quarter worth about $33,000. R Squared Ltd acquired a new position in shares of First Financial Bankshares in the fourth quarter worth about $88,000. Harvest Fund Management Co. Ltd boosted its holdings in shares of First Financial Bankshares by 1,497.0% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 3,242 shares of the bank's stock worth $118,000 after buying an additional 3,039 shares during the period. KBC Group NV boosted its holdings in shares of First Financial Bankshares by 50.5% in the fourth quarter. KBC Group NV now owns 5,422 shares of the bank's stock worth $195,000 after buying an additional 1,819 shares during the period. Finally, US Bancorp DE boosted its holdings in shares of First Financial Bankshares by 7.4% in the fourth quarter. US Bancorp DE now owns 5,396 shares of the bank's stock worth $195,000 after buying an additional 370 shares during the period. 69.78% of the stock is currently owned by institutional investors and hedge funds.

First Financial Bankshares Stock Performance

Shares of FFIN stock traded down $0.26 during trading on Friday, hitting $34.21. 425,120 shares of the company were exchanged, compared to its average volume of 545,737. The firm has a market capitalization of $4.89 billion, a price-to-earnings ratio of 21.93 and a beta of 0.89. The business's 50-day simple moving average is $34.23 and its 200 day simple moving average is $36.84. First Financial Bankshares, Inc. has a twelve month low of $27.62 and a twelve month high of $44.66.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The bank reported $0.43 EPS for the quarter, hitting the consensus estimate 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 analysts forecast that First Financial Bankshares, Inc. will post 1.78 earnings per share for the current fiscal year.

First Financial Bankshares Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 16th will be paid a $0.19 dividend. The ex-dividend date is Monday, June 16th. This is a boost from First Financial Bankshares's previous quarterly dividend of $0.18. This represents a $0.76 dividend on an annualized basis and a yield of 2.22%. First Financial Bankshares's payout ratio is 46.91%.

Analyst Upgrades and Downgrades

FFIN has been the subject of several recent analyst reports. Hovde Group decreased 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. Keefe, Bruyette & Woods decreased their price target 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.

Insider Buying and Selling at First Financial Bankshares

In other First Financial Bankshares news, Director Johnny Trotter bought 6,000 shares of First Financial Bankshares stock in a transaction on Wednesday, March 12th. The stock was purchased at an average cost of $35.12 per share, for a total transaction of $210,720.00. Following the completion of the purchase, the director now directly owns 949,371 shares of the company's stock, valued at $33,341,909.52. The trade was a 0.64% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders acquired 7,099 shares of company stock worth $247,751 over the last ninety days. 3.96% of the stock is currently owned by insiders.

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.