Emerald Advisers LLC Decreases Stock Holdings in First Financial Bankshares, Inc. (NASDAQ:FFIN)

Emerald Advisers LLC cut its stake in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) by 32.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 143,903 shares of the bank's stock after selling 70,550 shares during the quarter. Emerald Advisers LLC owned approximately 0.10% of First Financial Bankshares worth $5,169,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Fifth Third Bancorp lifted its holdings in shares of First Financial Bankshares by 161.5% in the first quarter. Fifth Third Bancorp now owns 714 shares of the bank's stock worth $26,000 after buying an additional 441 shares in the last quarter. Investment Research & Advisory Group Inc. purchased a new stake in First Financial Bankshares in the 1st quarter worth $26,000. Assetmark Inc. bought a new position in shares of First Financial Bankshares during the 4th quarter valued at about $33,000. UMB Bank n.a. grew its position in shares of First Financial Bankshares by 245.6% during the first quarter. UMB Bank n.a. now owns 1,904 shares of the bank's stock valued at $68,000 after purchasing an additional 1,353 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of First Financial Bankshares by 89.9% in the first quarter. GAMMA Investing LLC now owns 1,927 shares of the bank's stock worth $69,000 after buying an additional 912 shares in the last quarter. 69.78% of the stock is currently owned by institutional investors.

Insider Buying and Selling at First Financial Bankshares

In other First Financial Bankshares news, Director Michael B. Denny acquired 5,000 shares of the business's stock in a transaction that occurred on Friday, June 13th. The shares were bought at an average cost of $36.02 per share, with a total value of $180,100.00. Following the completion of the acquisition, the director directly owned 108,708 shares in the company, valued at $3,915,662.16. This represents a 4.82% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders have purchased 6,399 shares of company stock valued at $227,646. 4.22% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

FFIN has been the topic of several recent research reports. Keefe, Bruyette & Woods decreased their price objective on First Financial Bankshares from $38.00 to $36.00 and set a "market perform" rating on the stock in a report on Monday, April 21st. Hovde Group dropped their price objective on shares of First Financial Bankshares from $40.00 to $38.00 and set a "market perform" rating for the company in a research note on Monday, April 21st.

First Financial Bankshares Price Performance

Shares of NASDAQ:FFIN traded up $0.45 during trading hours on Monday, hitting $37.18. 303,441 shares of the company's stock traded hands, compared to its average volume of 526,889. The business has a fifty day moving average price of $35.85 and a 200-day moving average price of $35.73. First Financial Bankshares, Inc. has a 1 year low of $30.58 and a 1 year high of $44.66. The firm has a market capitalization of $5.32 billion, a P/E ratio of 22.95 and a beta of 0.87.

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, meeting the consensus estimate of $0.43. The firm had revenue of $149.02 million during the quarter, compared to the consensus estimate 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 analysts predict 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. Shareholders of record on Monday, June 16th were given a dividend of $0.19 per share. This is an increase from First Financial Bankshares's previous quarterly dividend of $0.18. The ex-dividend date was Monday, June 16th. This represents a $0.76 dividend on an annualized basis and a yield of 2.04%. First Financial Bankshares's dividend payout ratio (DPR) is 46.91%.

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.