Mutual Advisors LLC Sells 539 Shares of First Financial Bankshares, Inc. (NASDAQ:FFIN)

Mutual Advisors LLC trimmed its holdings in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) by 2.0% during the fourth quarter, HoldingsChannel reports. The fund owned 26,287 shares of the bank’s stock after selling 539 shares during the quarter. Mutual Advisors LLC’s holdings in First Financial Bankshares were worth $967,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Intech Investment Management LLC acquired a new stake in First Financial Bankshares in the third quarter valued at $673,000. State Street Corp raised its position in shares of First Financial Bankshares by 4.7% during the third quarter. State Street Corp now owns 6,222,092 shares of the bank’s stock worth $231,381,000 after acquiring an additional 281,166 shares during the last quarter. Citigroup Inc. lifted its stake in shares of First Financial Bankshares by 27.0% in the third quarter. Citigroup Inc. now owns 250,553 shares of the bank’s stock worth $9,273,000 after acquiring an additional 53,195 shares during the period. Mutual of America Capital Management LLC boosted its holdings in First Financial Bankshares by 43.2% in the third quarter. Mutual of America Capital Management LLC now owns 393,902 shares of the bank’s stock valued at $14,578,000 after acquiring an additional 118,830 shares during the last quarter. Finally, Natixis Advisors LLC increased its position in First Financial Bankshares by 37.5% during the 3rd quarter. Natixis Advisors LLC now owns 613,381 shares of the bank’s stock valued at $22,701,000 after purchasing an additional 167,433 shares during the period. 69.78% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on FFIN. Keefe, Bruyette & Woods upped their price objective on shares of First Financial Bankshares from $36.00 to $40.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Hovde Group increased their price target on First Financial Bankshares from $34.50 to $40.00 and gave the stock a “market perform” rating in a report on Monday, October 21st. Finally, Stephens boosted their price objective 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 Buying and Selling at First Financial Bankshares

In other news, Director Michael B. Denny sold 7,000 shares of First Financial Bankshares 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 transaction, the director now directly owns 101,085 shares in the company, valued at $4,156,615.20. This trade represents a 6.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction of $1,018,250.00. Following the completion of the sale, the chief executive officer now owns 471,004 shares in the company, valued at $19,183,992.92. This represents a 5.04 % decrease in their position. The disclosure for this sale can be found here. Insiders own 4.22% of the company’s stock.

First Financial Bankshares Trading Up 3.4 %

NASDAQ:FFIN opened at $37.79 on Friday. First Financial Bankshares, Inc. has a 12 month low of $27.62 and a 12 month high of $44.66. The stock has a market capitalization of $5.40 billion, a price-to-earnings ratio of 26.06 and a beta of 0.83. The firm has a fifty day simple moving average of $38.51 and a two-hundred day simple moving average of $37.24.

First Financial Bankshares (NASDAQ:FFIN) last issued its earnings results on Thursday, January 23rd. The bank reported $0.43 EPS for the quarter, beating the consensus estimate of $0.40 by $0.03. First Financial Bankshares had a return on equity of 13.43% and a net margin of 28.76%. Equities analysts predict that First Financial Bankshares, Inc. will post 1.52 earnings per share for the current fiscal year.

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.