Emerald Mutual Fund Advisers Trust Sells 53,227 Shares of First Financial Bankshares, Inc. (NASDAQ:FFIN)

Emerald Mutual Fund Advisers Trust lessened its holdings in First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) by 28.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 131,826 shares of the bank's stock after selling 53,227 shares during the quarter. Emerald Mutual Fund Advisers Trust owned approximately 0.09% of First Financial Bankshares worth $4,752,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of FFIN. Vanguard Group Inc. grew its position in First Financial Bankshares by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 14,095,584 shares of the bank's stock worth $508,146,000 after purchasing an additional 110,923 shares during the last quarter. Strategic Financial Concepts LLC grew its position in First Financial Bankshares by 3,508.3% in the fourth quarter. Strategic Financial Concepts LLC now owns 2,807,834 shares of the bank's stock worth $101,222,000 after buying an additional 2,730,017 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of First Financial Bankshares by 1.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,572,218 shares of the bank's stock worth $92,733,000 after acquiring an additional 42,280 shares during the last quarter. Northern Trust Corp raised its holdings in First Financial Bankshares by 8.1% during the 4th quarter. Northern Trust Corp now owns 1,776,607 shares of the bank's stock worth $64,047,000 after buying an additional 133,274 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of First Financial Bankshares by 0.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,705,788 shares of the bank's stock valued at $61,494,000 after acquiring an additional 4,608 shares in the last quarter. Institutional investors own 69.78% of the company's stock.

Insider Buying and Selling at First Financial Bankshares

In other news, Director Johnny Trotter bought 6,000 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The shares were purchased at an average price of $35.12 per share, for a total transaction 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. The trade was a 0.64 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders have purchased a total of 7,099 shares of company stock worth $247,751 over the last 90 days. Insiders own 4.22% of the company's stock.

First Financial Bankshares Stock Performance

Shares of First Financial Bankshares stock traded up $0.88 during trading on Friday, hitting $34.65. 491,776 shares of the stock traded hands, compared to its average volume of 545,698. The company has a fifty day moving average price of $34.57 and a two-hundred day moving average price of $37.01. 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 $4.95 billion, a P/E ratio of 22.21 and a beta of 0.82.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last posted 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. The company 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%. On average, equities research analysts expect that First Financial Bankshares, Inc. will post 1.78 EPS for the current fiscal year.

First Financial Bankshares Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 16th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.76 dividend on an annualized basis and a yield of 2.19%. This is a boost from First Financial Bankshares's previous quarterly dividend of $0.18. First Financial Bankshares's dividend payout ratio is presently 46.91%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Hovde Group lowered their price target on First Financial Bankshares from $40.00 to $38.00 and set a "market perform" rating on the stock in a report on Monday, April 21st. Keefe, Bruyette & Woods dropped their price objective on shares of 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.

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.