First Financial Bankshares, Inc. (NASDAQ:FFIN) Position Trimmed by Exencial Wealth Advisors LLC

Exencial Wealth Advisors LLC decreased its holdings in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) by 12.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,257 shares of the bank’s stock after selling 894 shares during the quarter. Exencial Wealth Advisors LLC’s holdings in First Financial Bankshares were worth $226,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of FFIN. Huntington National Bank raised its position in shares of First Financial Bankshares by 32.2% during the 3rd quarter. Huntington National Bank now owns 2,369 shares of the bank’s stock worth $88,000 after purchasing an additional 577 shares during the period. R Squared Ltd bought a new stake in First Financial Bankshares in the fourth quarter valued at $88,000. US Bancorp DE boosted its holdings in shares of First Financial Bankshares by 50.9% during the third quarter. US Bancorp DE now owns 5,026 shares of the bank’s stock valued at $186,000 after acquiring an additional 1,696 shares during the period. KBC Group NV boosted its holdings in shares of First Financial Bankshares by 50.5% during the fourth quarter. KBC Group NV now owns 5,422 shares of the bank’s stock valued at $195,000 after acquiring an additional 1,819 shares during the period. Finally, Captrust Financial Advisors bought a new position in shares of First Financial Bankshares during the third quarter worth about $205,000. Institutional investors own 69.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods boosted their target price on shares of First Financial Bankshares from $40.00 to $41.00 and gave the company a “market perform” rating in a research note on Monday, January 27th.

First Financial Bankshares Stock Performance

FFIN opened at $36.39 on Friday. The stock’s fifty day moving average is $36.97 and its 200-day moving average is $37.73. First Financial Bankshares, Inc. has a one year low of $27.62 and a one year high of $44.66. The company has a market capitalization of $5.20 billion, a PE ratio of 23.33 and a beta of 0.83.

First Financial Bankshares (NASDAQ:FFIN) last released 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%. On average, equities research analysts forecast that First Financial Bankshares, Inc. will post 1.78 EPS for the current fiscal year.

First Financial Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.98%. First Financial Bankshares’s dividend payout ratio is 46.15%.

Insider Buying and Selling

In other First Financial Bankshares news, CEO F Scott Dueser sold 25,000 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $40.73, for a total transaction of $1,018,250.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 4.22% of the stock is owned by corporate insiders.

First Financial Bankshares Company 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.