Terril Brothers Inc. Has $324,000 Stock Holdings in First Financial Bankshares, Inc. (NASDAQ:FFIN)

Terril Brothers Inc. trimmed its holdings in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 35.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 9,000 shares of the bank’s stock after selling 5,000 shares during the quarter. Terril Brothers Inc.’s holdings in First Financial Bankshares were worth $324,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. State Street Corp raised its holdings in shares of First Financial Bankshares by 4.7% in the third quarter. State Street Corp now owns 6,222,092 shares of the bank’s stock valued at $231,381,000 after buying an additional 281,166 shares during the last quarter. Champlain Investment Partners LLC raised its holdings in shares of First Financial Bankshares by 6.8% in the third quarter. Champlain Investment Partners LLC now owns 3,516,329 shares of the bank’s stock valued at $130,139,000 after buying an additional 223,640 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of First Financial Bankshares by 8.0% in the third quarter. Geode Capital Management LLC now owns 3,361,921 shares of the bank’s stock valued at $124,446,000 after buying an additional 249,011 shares during the last quarter. Strategic Financial Concepts LLC raised its holdings in shares of First Financial Bankshares by 3,508.3% in the fourth 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 during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of First Financial Bankshares by 3.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,701,180 shares of the bank’s stock valued at $62,961,000 after buying an additional 62,538 shares during the last quarter. 69.78% of the stock is owned by institutional investors.

First Financial Bankshares Trading Up 1.2 %

Shares of NASDAQ:FFIN opened at $37.66 on Friday. The stock has a market capitalization of $5.38 billion, a P/E ratio of 24.14 and a beta of 0.83. First Financial Bankshares, Inc. has a 1-year low of $27.62 and a 1-year high of $44.66. The business has a 50-day moving average price of $36.95 and a two-hundred day moving average price of $37.68.

First Financial Bankshares (NASDAQ:FFIN) last announced its quarterly earnings data on Thursday, January 23rd. The bank reported $0.43 earnings per share for the quarter, topping 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%. 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 disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.72 annualized dividend and a yield of 1.91%. First Financial Bankshares’s dividend payout ratio is currently 46.15%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods lifted their price target 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.

Insiders Place Their Bets

In other news, CEO F Scott Dueser sold 25,000 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $40.73, for a total value of $1,018,250.00. Following the completion of the sale, the chief executive officer now directly owns 471,004 shares of the company’s stock, valued at $19,183,992.92. This represents a 5.04 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company 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.