Swiss National Bank reduced its stake in First Financial Bankshares, Inc. (NASDAQ:FFIN – Free Report) by 10.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 292,400 shares of the bank’s stock after selling 34,500 shares during the quarter. Swiss National Bank owned approximately 0.20% of First Financial Bankshares worth $9,328,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of FFIN. CI Investments Inc. raised its holdings in First Financial Bankshares by 47.3% in the 4th quarter. CI Investments Inc. now owns 1,118 shares of the bank’s stock worth $38,000 after purchasing an additional 359 shares during the period. Parallel Advisors LLC increased its stake in First Financial Bankshares by 104.7% in the 4th quarter. Parallel Advisors LLC now owns 1,132 shares of the bank’s stock worth $39,000 after buying an additional 579 shares in the last quarter. Steward Financial Group LLC purchased a new stake in First Financial Bankshares in the 4th quarter worth $39,000. U.S. Capital Wealth Advisors LLC purchased a new stake in First Financial Bankshares in the 4th quarter worth $70,000. Finally, Quadrant Capital Group LLC increased its stake in First Financial Bankshares by 205.0% in the 4th quarter. Quadrant Capital Group LLC now owns 3,358 shares of the bank’s stock worth $116,000 after buying an additional 2,257 shares in the last quarter. 53.19% of the stock is owned by institutional investors.
First Financial Bankshares Trading Up 0.1 %
FFIN opened at $28.67 on Friday. The firm has a market cap of $4.09 billion, a P/E ratio of 18.50 and a beta of 0.75. First Financial Bankshares, Inc. has a 12 month low of $25.01 and a 12 month high of $46.08. The stock has a 50-day moving average of $29.94 and a 200 day moving average of $30.69.
First Financial Bankshares Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Thursday, September 14th will be given a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, September 13th. This represents a $0.72 annualized dividend and a yield of 2.51%. First Financial Bankshares’s dividend payout ratio is currently 46.45%.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the company. StockNews.com assumed coverage on First Financial Bankshares in a research note on Thursday, August 17th. They issued a “sell” rating for the company. Stephens increased their price target on First Financial Bankshares from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Friday, July 21st. Truist Financial increased their price target on First Financial Bankshares from $30.00 to $33.00 and gave the stock a “hold” rating in a research note on Monday, July 24th. Finally, 3M reiterated a “maintains” rating on shares of First Financial Bankshares in a research note on Thursday, June 29th.
Get Our Latest Report on First Financial Bankshares
Insiders Place Their Bets
In other news, Director Johnny Trotter acquired 2,500 shares of the firm’s stock in a transaction on Monday, August 21st. The stock was acquired at an average price of $29.04 per share, with a total value of $72,600.00. Following the completion of the purchase, the director now directly owns 927,576 shares in the company, valued at $26,936,807.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders bought a total of 3,803 shares of company stock valued at $112,147 over the last 90 days. Insiders own 4.11% of the company’s stock.
About First Financial Bankshares
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.
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