Two Sigma Investments LP Sells 108,973 Shares of First Financial Bankshares, Inc. (NASDAQ:FFIN)

Two Sigma Investments LP lowered its stake in First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) by 38.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 177,596 shares of the bank's stock after selling 108,973 shares during the quarter. Two Sigma Investments LP owned about 0.12% of First Financial Bankshares worth $6,402,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of FFIN. Assetmark Inc. purchased a new position in First Financial Bankshares in the fourth quarter valued at about $33,000. R Squared Ltd acquired a new stake in First Financial Bankshares in the 4th quarter valued at approximately $88,000. Harvest Fund Management Co. Ltd increased its position in First Financial Bankshares by 1,497.0% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 3,242 shares of the bank's stock valued at $118,000 after acquiring an additional 3,039 shares during the period. KBC Group NV increased its position in First Financial Bankshares by 50.5% in the 4th quarter. KBC Group NV now owns 5,422 shares of the bank's stock valued at $195,000 after acquiring an additional 1,819 shares during the period. Finally, US Bancorp DE increased its position in shares of First Financial Bankshares by 7.4% during the 4th quarter. US Bancorp DE now owns 5,396 shares of the bank's stock valued at $195,000 after purchasing an additional 370 shares during the period. Institutional investors and hedge funds own 69.78% of the company's stock.

Insider Transactions at First Financial Bankshares

In other news, Director Johnny Trotter purchased 6,000 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were 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 approximately $33,341,909.52. The trade was a 0.64% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders have acquired 7,399 shares of company stock worth $258,266. Company insiders own 4.22% of the company's stock.

First Financial Bankshares Stock Performance

Shares of First Financial Bankshares stock traded down $0.02 during trading on Friday, reaching $35.36. The company's stock had a trading volume of 955,209 shares, compared to its average volume of 548,903. The business's fifty day moving average price is $34.12 and its 200-day moving average price is $36.56. The firm has a market cap of $5.06 billion, a price-to-earnings ratio of 22.67 and a beta of 0.89. First Financial Bankshares, Inc. has a one year low of $27.62 and a one year high of $44.66.

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

First Financial Bankshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 16th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Monday, June 16th. This is a positive change from First Financial Bankshares's previous quarterly dividend of $0.18. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.15%. First Financial Bankshares's payout ratio is presently 46.91%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on FFIN. Hovde Group reduced their price objective on First Financial Bankshares from $40.00 to $38.00 and set a "market perform" rating for the company in a research report on Monday, April 21st. Keefe, Bruyette & Woods reduced their price target on First Financial Bankshares from $38.00 to $36.00 and set a "market perform" rating for the company in a research report on Monday, April 21st.

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.