Terril Brothers Inc. Sells 5,000 Shares of First Financial Bankshares, Inc. (NASDAQ:FFIN)

Terril Brothers Inc. decreased its position in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 35.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of FFIN. Mutual of America Capital Management LLC grew its stake in shares of First Financial Bankshares by 11.4% in the fourth quarter. Mutual of America Capital Management LLC now owns 438,748 shares of the bank’s stock worth $15,817,000 after acquiring an additional 44,846 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of First Financial Bankshares in the fourth quarter worth $402,000. Atria Wealth Solutions Inc. grew its stake in shares of First Financial Bankshares by 26.4% in the fourth quarter. Atria Wealth Solutions Inc. now owns 43,335 shares of the bank’s stock worth $1,567,000 after acquiring an additional 9,056 shares during the last quarter. Monument Capital Management grew its stake in shares of First Financial Bankshares by 16.9% in the fourth quarter. Monument Capital Management now owns 8,839 shares of the bank’s stock worth $319,000 after acquiring an additional 1,277 shares during the last quarter. Finally, Strategic Financial Concepts LLC grew its stake in shares of First Financial Bankshares by 3.0% in the fourth quarter. Strategic Financial Concepts LLC now owns 80,190 shares of the bank’s stock worth $2,891,000 after acquiring an additional 2,373 shares during the last quarter. Institutional investors own 69.78% of the company’s stock.

Insider Activity

In other news, CEO F Scott Dueser sold 25,000 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $40.73, for a total value of $1,018,250.00. Following the sale, the chief executive officer now owns 471,004 shares in the company, valued at approximately $19,183,992.92. The trade was a 5.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 4.22% of the stock is owned by corporate insiders.

First Financial Bankshares Price Performance

FFIN opened at $37.66 on Friday. First Financial Bankshares, Inc. has a fifty-two week low of $27.62 and a fifty-two week high of $44.66. The firm’s fifty day moving average price is $36.95 and its two-hundred day moving average price is $37.68. The company has a market capitalization of $5.38 billion, a P/E ratio of 24.14 and a beta of 0.83.

First Financial Bankshares (NASDAQ:FFIN) last posted its quarterly earnings results on Thursday, January 23rd. The bank reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. First Financial Bankshares had a net margin of 29.69% and a return on equity of 14.24%. On average, equities research analysts expect that First Financial Bankshares, Inc. will post 1.78 EPS for the current fiscal year.

First Financial Bankshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.72 dividend on an annualized basis and a yield of 1.91%. First Financial Bankshares’s dividend payout ratio is currently 46.15%.

Analysts Set New Price Targets

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

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.