First Financial Bankshares, Inc. (NASDAQ:FFIN) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC cut its holdings in First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) by 13.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,094,146 shares of the bank's stock after selling 165,746 shares during the quarter. Nuveen Asset Management LLC owned 0.77% of First Financial Bankshares worth $39,444,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Barclays PLC boosted its position in shares of First Financial Bankshares by 83.0% during the 3rd quarter. Barclays PLC now owns 289,468 shares of the bank's stock worth $10,714,000 after purchasing an additional 131,259 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in First Financial Bankshares during the fourth quarter worth about $402,000. Atria Wealth Solutions Inc. boosted its holdings in First Financial Bankshares by 26.4% during the fourth quarter. Atria Wealth Solutions Inc. now owns 43,335 shares of the bank's stock worth $1,567,000 after buying an additional 9,056 shares in the last quarter. Van ECK Associates Corp acquired a new position in First Financial Bankshares during the fourth quarter worth about $3,504,000. Finally, Garrett Wealth Advisory Group LLC increased its holdings in First Financial Bankshares by 38.6% in the fourth quarter. Garrett Wealth Advisory Group LLC now owns 53,493 shares of the bank's stock valued at $1,928,000 after buying an additional 14,900 shares in the last quarter. Institutional investors and hedge funds own 69.78% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on FFIN shares. Keefe, Bruyette & Woods decreased their price target on First Financial Bankshares from $38.00 to $36.00 and set a "market perform" rating on the stock in a research note on Monday, April 21st. Hovde Group cut their price target on 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 Trading Down 0.8%

Shares of FFIN stock traded down $0.26 during trading hours on Monday, hitting $34.21. The company's stock had a trading volume of 425,120 shares, compared to its average volume of 546,559. First Financial Bankshares, Inc. has a twelve month low of $27.62 and a twelve month high of $44.66. The stock has a market cap of $4.89 billion, a price-to-earnings ratio of 21.93 and a beta of 0.89. The business has a fifty day moving average of $34.23 and a 200-day moving average of $36.77.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last released 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 company had revenue of $149.02 million during the quarter, compared to the consensus estimate of $149.48 million. On average, equities analysts expect that First Financial Bankshares, Inc. will post 1.78 EPS for the current fiscal year.

First Financial Bankshares Increases Dividend

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

Insider Buying and Selling at First Financial Bankshares

In other news, Director Johnny Trotter acquired 6,000 shares of the business's stock in a transaction dated Wednesday, March 12th. The stock was acquired at an average price of $35.12 per share, with a total value of $210,720.00. Following the completion of the transaction, the director now directly owns 949,371 shares in the company, valued at approximately $33,341,909.52. This represents a 0.64% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last ninety days, insiders have bought 7,099 shares of company stock worth $247,751. Corporate insiders own 4.22% of the company's stock.

First Financial Bankshares Company 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.