First Financial Bankshares, Inc. (NASDAQ:FFIN) Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. reduced its stake in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) by 29.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,121 shares of the bank’s stock after selling 5,123 shares during the period. Rockefeller Capital Management L.P.’s holdings in First Financial Bankshares were worth $449,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in FFIN. Neo Ivy Capital Management bought a new stake in First Financial Bankshares in the second quarter valued at $41,000. Huntington National Bank grew its stake in First Financial Bankshares by 32.2% during the 3rd quarter. Huntington National Bank now owns 2,369 shares of the bank’s stock valued at $88,000 after acquiring an additional 577 shares in the last quarter. Quarry LP bought a new stake in shares of First Financial Bankshares in the 2nd quarter valued at approximately $83,000. Point72 DIFC Ltd acquired a new stake in First Financial Bankshares in the 2nd quarter worth approximately $97,000. Finally, Point72 Asset Management L.P. acquired a new stake in First Financial Bankshares in the 2nd quarter worth approximately $118,000. Hedge funds and other institutional investors own 69.78% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on FFIN shares. Keefe, Bruyette & Woods upped their price target on First Financial Bankshares from $36.00 to $40.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Truist Financial increased their target price on First Financial Bankshares from $39.00 to $40.00 and gave the stock a “hold” rating in a report on Friday, September 20th. Hovde Group upped their price target on First Financial Bankshares from $34.50 to $40.00 and gave the company a “market perform” rating in a research note on Monday, October 21st. Finally, Stephens increased their target price on First Financial Bankshares from $37.00 to $40.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th.

Insider Transactions at First Financial Bankshares

In other news, Director Michael B. Denny sold 7,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $41.12, for a total transaction of $287,840.00. Following the completion of the sale, the director now owns 101,085 shares of the company’s stock, valued at $4,156,615.20. This represents a 6.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 4.22% of the company’s stock.

First Financial Bankshares Trading Up 1.1 %

Shares of First Financial Bankshares stock opened at $40.76 on Wednesday. The business’s fifty day simple moving average is $39.08 and its 200 day simple moving average is $35.39. First Financial Bankshares, Inc. has a 12 month low of $27.06 and a 12 month high of $44.66. The firm has a market capitalization of $5.83 billion, a P/E ratio of 28.11 and a beta of 0.81.

First Financial Bankshares (NASDAQ:FFIN) last released its earnings results on Thursday, October 17th. The bank reported $0.39 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.39. First Financial Bankshares had a net margin of 28.76% and a return on equity of 13.43%. The firm had revenue of $142.10 million for the quarter, compared to the consensus estimate of $140.25 million. Analysts predict that First Financial Bankshares, Inc. will post 1.52 EPS for the current fiscal year.

First Financial Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be issued a dividend of $0.18 per share. The ex-dividend date is Friday, December 13th. This represents a $0.72 annualized dividend and a dividend yield of 1.77%. First Financial Bankshares’s payout ratio is 49.66%.

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.