Victory Capital Management Inc. Sells 541 Shares of First Financial Bankshares, Inc. (NASDAQ:FFIN)

Victory Capital Management Inc. trimmed its stake in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) by 1.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,439 shares of the bank’s stock after selling 541 shares during the quarter. Victory Capital Management Inc.’s holdings in First Financial Bankshares were worth $1,422,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Lindenwold Advisors INC grew its position in First Financial Bankshares by 2.8% during the 3rd quarter. Lindenwold Advisors INC now owns 9,091 shares of the bank’s stock worth $336,000 after acquiring an additional 250 shares during the last quarter. Kingsview Wealth Management LLC grew its position in First Financial Bankshares by 1.2% during the 4th quarter. Kingsview Wealth Management LLC now owns 26,649 shares of the bank’s stock worth $961,000 after acquiring an additional 312 shares during the last quarter. US Bancorp DE grew its position in First Financial Bankshares by 7.4% during the 4th quarter. US Bancorp DE now owns 5,396 shares of the bank’s stock worth $195,000 after acquiring an additional 370 shares during the last quarter. Pacer Advisors Inc. grew its position in First Financial Bankshares by 2.3% during the 4th quarter. Pacer Advisors Inc. now owns 19,170 shares of the bank’s stock worth $691,000 after acquiring an additional 432 shares during the last quarter. Finally, Ballentine Partners LLC grew its position in shares of First Financial Bankshares by 3.9% in the 4th quarter. Ballentine Partners LLC now owns 12,665 shares of the bank’s stock worth $457,000 after buying an additional 475 shares during the last quarter. 69.78% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Insider Activity

In other news, Director Johnny Trotter bought 6,000 shares of the stock in a transaction dated Wednesday, March 12th. The stock was bought at an average price of $35.12 per share, for a total transaction of $210,720.00. Following the purchase, the director now directly owns 949,371 shares in the company, valued at $33,341,909.52. This trade represents a 0.64 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.22% of the stock is currently owned by company insiders.

First Financial Bankshares Stock Performance

Shares of FFIN stock 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 fifty-two week low of $27.62 and a fifty-two week high of $44.66. The business’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 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. First Financial Bankshares had a return on equity of 14.24% and a net margin of 29.69%. As a group, equities analysts predict that First Financial Bankshares, Inc. will post 1.78 EPS for the current year.

First Financial Bankshares Announces Dividend

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

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.