Voloridge Investment Management LLC Sells 125,363 Shares of First Financial Bankshares, Inc. (NASDAQ:FFIN)

Voloridge Investment Management LLC lowered its stake in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) by 25.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 376,969 shares of the bank's stock after selling 125,363 shares during the quarter. Voloridge Investment Management LLC owned about 0.26% of First Financial Bankshares worth $13,590,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of FFIN. Assetmark Inc. bought a new position in First Financial Bankshares during the fourth quarter valued at approximately $33,000. R Squared Ltd purchased a new position in shares of First Financial Bankshares in the 4th quarter worth $88,000. Harvest Fund Management Co. Ltd lifted its holdings in shares of 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 worth $118,000 after acquiring an additional 3,039 shares during the last quarter. US Bancorp DE lifted its holdings in 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 buying an additional 370 shares in the last quarter. Finally, KBC Group NV grew its position in shares of First Financial Bankshares by 50.5% in the 4th 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 last quarter. Hedge funds and other institutional investors own 69.78% of the company's stock.

First Financial Bankshares Stock Performance

Shares of NASDAQ:FFIN traded up $0.20 on Thursday, hitting $35.11. The company's stock had a trading volume of 123,503 shares, compared to its average volume of 545,483. First Financial Bankshares, Inc. has a 12 month low of $27.62 and a 12 month high of $44.66. The company has a market capitalization of $5.02 billion, a price-to-earnings ratio of 22.44 and a beta of 0.89. The stock's 50-day moving average is $34.18 and its two-hundred day moving average is $36.70.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last announced its earnings results on Thursday, April 17th. The bank reported $0.43 earnings per share for the quarter, meeting 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 business had revenue of $149.02 million during the quarter, compared to analysts' expectations of $149.48 million. Equities analysts expect 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 disclosed 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. This represents a $0.76 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend is Monday, June 16th. First Financial Bankshares's dividend payout ratio is currently 46.91%.

Insider Transactions at First Financial Bankshares

In other First Financial Bankshares news, Director Johnny Trotter bought 6,000 shares of the stock in a transaction on Wednesday, March 12th. The shares were purchased at an average price of $35.12 per share, with a total value of $210,720.00. Following the acquisition, the director now directly owns 949,371 shares of the company's stock, valued at $33,341,909.52. This represents a 0.64% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders bought 7,099 shares of company stock valued at $247,751 in the last three months. Corporate insiders own 4.22% of the company's stock.

Analyst Upgrades and Downgrades

FFIN has been the subject of several 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 research note on Monday, April 21st. Keefe, Bruyette & Woods reduced their target price on shares of 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.

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.