Stoneridge Investment Partners LLC Has $409,000 Stock Holdings in First Financial Bankshares, Inc. (NASDAQ:FFIN)

Stoneridge Investment Partners LLC lifted its position in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) by 20.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,350 shares of the bank’s stock after buying an additional 1,955 shares during the quarter. Stoneridge Investment Partners LLC’s holdings in First Financial Bankshares were worth $409,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Huntington National Bank grew 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 in the last quarter. R Squared Ltd bought a new position in First Financial Bankshares during the 4th quarter worth $88,000. US Bancorp DE raised its holdings in First Financial Bankshares by 50.9% in the 3rd 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 in the last quarter. KBC Group NV lifted its position in shares of First Financial Bankshares by 50.5% during the 4th 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 acquired a new stake in shares of First Financial Bankshares during the 3rd quarter worth $205,000. Institutional investors and hedge funds own 69.78% of the company’s stock.

Insider Transactions at First Financial Bankshares

In related news, CEO F Scott Dueser sold 25,000 shares of First Financial Bankshares 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 completion of the transaction, the chief executive officer now owns 471,004 shares of the company’s stock, valued at $19,183,992.92. This trade represents a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 4.22% of the company’s stock.

First Financial Bankshares Price Performance

Shares of NASDAQ FFIN opened at $37.78 on Friday. The company has a 50 day simple moving average of $37.72 and a 200 day simple moving average of $37.59. First Financial Bankshares, Inc. has a 1 year low of $27.62 and a 1 year high of $44.66. The firm has a market cap of $5.40 billion, a PE ratio of 24.22 and a beta of 0.83.

First Financial Bankshares (NASDAQ:FFIN) last posted its quarterly earnings data on Thursday, January 23rd. The bank reported $0.43 earnings per share 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, research analysts anticipate that First Financial Bankshares, Inc. will post 1.78 earnings per share for the current fiscal year.

First Financial Bankshares Announces Dividend

The company also recently declared 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 is Friday, March 14th. This represents a $0.72 annualized dividend and a yield of 1.91%. First Financial Bankshares’s payout ratio is 46.15%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on FFIN. Hovde Group lifted their price objective on shares of First Financial Bankshares from $34.50 to $40.00 and gave the company a “market perform” rating in a research note on Monday, October 21st. Keefe, Bruyette & Woods raised their price objective on 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. Finally, Stephens increased their target price on shares of First Financial Bankshares from $37.00 to $40.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th.

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.