Sanctuary Advisors LLC Decreases Stake in First Financial Bankshares, Inc. (NASDAQ:FFIN)

Sanctuary Advisors LLC lessened its stake in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 7.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 104,589 shares of the bank’s stock after selling 9,018 shares during the quarter. Sanctuary Advisors LLC’s holdings in First Financial Bankshares were worth $3,935,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Monument Capital Management increased its stake in First Financial Bankshares by 16.9% in the 4th quarter. Monument Capital Management now owns 8,839 shares of the bank’s stock valued at $319,000 after purchasing an additional 1,277 shares in the last quarter. Strategic Financial Concepts LLC grew its holdings in First Financial Bankshares by 3.0% in the fourth quarter. Strategic Financial Concepts LLC now owns 80,190 shares of the bank’s stock valued at $2,891,000 after purchasing an additional 2,373 shares during the last quarter. Van ECK Associates Corp purchased a new position in shares of First Financial Bankshares in the fourth quarter valued at $3,504,000. Stoneridge Investment Partners LLC raised its stake in shares of First Financial Bankshares by 20.8% during the 4th quarter. Stoneridge Investment Partners LLC now owns 11,350 shares of the bank’s stock worth $409,000 after buying an additional 1,955 shares during the last quarter. Finally, Kingsview Wealth Management LLC boosted its position in shares of First Financial Bankshares by 1.2% in the 4th quarter. Kingsview Wealth Management LLC now owns 26,649 shares of the bank’s stock worth $961,000 after buying an additional 312 shares in the last quarter. Institutional investors and hedge funds own 69.78% of the company’s stock.

Insider Activity

In other First Financial Bankshares news, CEO F Scott Dueser sold 25,000 shares of First Financial Bankshares stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 471,004 shares of the company’s stock, valued at approximately $19,183,992.92. The trade was a 5.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.22% of the company’s stock.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods raised 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 report on Monday, January 27th.

First Financial Bankshares Stock Performance

Shares of NASDAQ:FFIN opened at $36.83 on Friday. First Financial Bankshares, Inc. has a one year low of $27.62 and a one year high of $44.66. The stock has a market cap of $5.26 billion, a PE ratio of 23.61 and a beta of 0.83. The business’s fifty day moving average price is $37.09 and its two-hundred day moving average price is $37.57.

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

First Financial Bankshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.95%. First Financial Bankshares’s dividend payout ratio (DPR) is presently 46.15%.

About First Financial Bankshares

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.