Wells Fargo & Company MN Has $15.28 Million Stock Holdings in First Financial Bankshares, Inc. (NASDAQ:FFIN)

Wells Fargo & Company MN lowered its stake in First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) by 13.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 423,849 shares of the bank's stock after selling 68,053 shares during the period. Wells Fargo & Company MN owned approximately 0.30% of First Financial Bankshares worth $15,280,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of FFIN. Strategic Financial Concepts LLC raised its position in shares of First Financial Bankshares by 3,508.3% in the 4th quarter. Strategic Financial Concepts LLC now owns 2,807,834 shares of the bank's stock valued at $101,222,000 after buying an additional 2,730,017 shares in the last quarter. Norges Bank bought a new position in First Financial Bankshares in the fourth quarter valued at approximately $47,757,000. Axiom Investors LLC DE acquired a new position in First Financial Bankshares during the fourth quarter valued at approximately $16,937,000. Geode Capital Management LLC lifted its stake in First Financial Bankshares by 8.0% during the third quarter. Geode Capital Management LLC now owns 3,361,921 shares of the bank's stock worth $124,446,000 after purchasing an additional 249,011 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of First Financial Bankshares in the 4th quarter valued at $8,341,000. Institutional investors own 69.78% of the company's stock.

Insider Buying and Selling at First Financial Bankshares

In other First Financial Bankshares news, Director Johnny Trotter acquired 6,000 shares of the stock in a transaction dated Wednesday, March 12th. The stock was purchased at an average cost of $35.12 per share, with a total value of $210,720.00. Following the transaction, the director now owns 949,371 shares in the company, valued at approximately $33,341,909.52. The trade was a 0.64 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 3.96% of the company's stock.

First Financial Bankshares Trading Down 0.2 %

First Financial Bankshares stock traded down $0.08 during mid-day trading on Friday, reaching $32.68. The company had a trading volume of 503,545 shares, compared to its average volume of 542,436. The business has a fifty day simple moving average of $35.30 and a 200 day simple moving average of $37.24. The company has a market cap of $4.67 billion, a P/E ratio of 20.95 and a beta of 0.82. First Financial Bankshares, Inc. has a fifty-two week low of $27.62 and a fifty-two week high of $44.66.

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, hitting analysts' consensus estimates of $0.43. The firm had revenue of $149.02 million for the quarter, compared to analyst estimates of $149.48 million. First Financial Bankshares had a net margin of 29.69% and a return on equity of 14.24%. Research analysts forecast that First Financial Bankshares, Inc. will post 1.78 EPS for the current year.

First Financial Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend was Friday, March 14th. First Financial Bankshares's dividend payout ratio is currently 46.15%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods boosted their price target on First Financial Bankshares from $40.00 to $41.00 and gave the stock a "market perform" rating in a report on Monday, January 27th.

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.