First Financial Bankshares, Inc. (NASDAQ:FFIN) Shares Sold by Lindenwold Advisors INC

Lindenwold Advisors INC lowered its stake in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 3.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 8,772 shares of the bank’s stock after selling 319 shares during the quarter. Lindenwold Advisors INC’s holdings in First Financial Bankshares were worth $316,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. State Street Corp lifted its holdings in First Financial Bankshares by 4.7% in the 3rd quarter. State Street Corp now owns 6,222,092 shares of the bank’s stock valued at $231,381,000 after purchasing an additional 281,166 shares in the last quarter. Champlain Investment Partners LLC lifted its holdings in First Financial Bankshares by 6.8% in the 3rd quarter. Champlain Investment Partners LLC now owns 3,516,329 shares of the bank’s stock valued at $130,139,000 after purchasing an additional 223,640 shares in the last quarter. Geode Capital Management LLC lifted its holdings in First Financial Bankshares by 8.0% in the 3rd quarter. Geode Capital Management LLC now owns 3,361,921 shares of the bank’s stock valued at $124,446,000 after purchasing an additional 249,011 shares in the last quarter. Strategic Financial Concepts LLC lifted its holdings in 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 purchasing an additional 2,730,017 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in 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 purchasing an additional 4,608 shares in the last quarter. Institutional investors and hedge funds own 69.78% of the company’s stock.

First Financial Bankshares Trading Down 0.4 %

Shares of FFIN opened at $35.60 on Wednesday. The firm has a market cap of $5.09 billion, a P/E ratio of 22.82 and a beta of 0.78. First Financial Bankshares, Inc. has a 12-month low of $27.62 and a 12-month high of $44.66. The company’s 50-day moving average price is $36.89 and its 200 day moving average price is $37.73.

First Financial Bankshares (NASDAQ:FFIN) last released its earnings results on Thursday, January 23rd. The bank reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.03. First Financial Bankshares had a return on equity of 14.24% and a net margin of 29.69%. Equities research analysts forecast that First Financial Bankshares, Inc. will post 1.78 earnings per share for the current year.

First Financial Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend is Friday, March 14th. First Financial Bankshares’s dividend payout ratio is currently 46.15%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods raised their price objective on First Financial Bankshares from $40.00 to $41.00 and gave the company a “market perform” rating in a report on Monday, January 27th.

Insider Transactions at First Financial Bankshares

In other First Financial Bankshares news, Director Johnny Trotter purchased 6,000 shares of the stock in a transaction that occurred on 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 completion of the acquisition, the director now directly owns 949,371 shares of the company’s stock, valued at $33,341,909.52. This trade represents a 0.64 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 4.22% of the company’s stock.

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.