Yousif Capital Management LLC Sells 855 Shares of First Financial Bankshares, Inc. $FFIN

Yousif Capital Management LLC trimmed its stake in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 1.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,198 shares of the bank’s stock after selling 855 shares during the period. Yousif Capital Management LLC’s holdings in First Financial Bankshares were worth $1,554,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. CWM LLC lifted its stake in shares of First Financial Bankshares by 193.9% in the 2nd quarter. CWM LLC now owns 136,374 shares of the bank’s stock valued at $4,907,000 after purchasing an additional 89,970 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in shares of First Financial Bankshares by 12.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 20,585 shares of the bank’s stock valued at $741,000 after purchasing an additional 2,216 shares during the last quarter. Inspire Investing LLC lifted its stake in shares of First Financial Bankshares by 15.0% in the 2nd quarter. Inspire Investing LLC now owns 13,221 shares of the bank’s stock valued at $476,000 after purchasing an additional 1,720 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of First Financial Bankshares by 1.5% in the 2nd quarter. Blue Trust Inc. now owns 32,527 shares of the bank’s stock valued at $1,170,000 after purchasing an additional 481 shares during the last quarter. Finally, Callan Family Office LLC bought a new stake in shares of First Financial Bankshares in the 2nd quarter valued at approximately $487,000. 69.78% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

FFIN has been the subject of a number of research analyst reports. Hovde Group raised their price target on First Financial Bankshares from $38.00 to $39.00 and gave the stock a “market perform” rating in a research note on Monday, July 21st. Keefe, Bruyette & Woods raised their price target on First Financial Bankshares from $36.00 to $38.00 and gave the stock a “market perform” rating in a research note on Friday, July 18th. Weiss Ratings reissued a “hold (c)” rating on shares of First Financial Bankshares in a research note on Tuesday, October 14th. Finally, Cantor Fitzgerald began coverage on First Financial Bankshares in a research note on Wednesday, September 10th. They set a “neutral” rating and a $39.00 price target for the company. Four research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $38.67.

First Financial Bankshares Stock Up 0.6%

FFIN opened at $31.53 on Monday. The stock’s fifty day moving average is $35.07 and its two-hundred day moving average is $35.07. The company has a market capitalization of $4.51 billion, a P/E ratio of 18.33 and a beta of 0.86. First Financial Bankshares, Inc. has a 52 week low of $30.58 and a 52 week high of $44.66.

First Financial Bankshares (NASDAQ:FFIN) last released its quarterly earnings data on Thursday, July 17th. The bank reported $0.47 EPS for the quarter, topping the consensus estimate of $0.45 by $0.02. The company had revenue of $156.60 million for the quarter, compared to the consensus estimate of $156.41 million. First Financial Bankshares had a return on equity of 14.69% and a net margin of 31.01%.During the same period last year, the business posted $0.37 EPS. Equities analysts anticipate that First Financial Bankshares, Inc. will post 1.78 earnings per share for the current year.

First Financial Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 2.4%. The ex-dividend date was Monday, September 15th. First Financial Bankshares’s dividend payout ratio (DPR) is presently 44.19%.

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.