Natixis Advisors LLC Has $21.82 Million Stock Holdings in First Financial Bankshares, Inc. (NASDAQ:FFIN)

Natixis Advisors LLC lessened its holdings in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) by 1.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 605,269 shares of the bank’s stock after selling 8,112 shares during the period. Natixis Advisors LLC’s holdings in First Financial Bankshares were worth $21,820,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Assetmark Inc. acquired a new position in shares of First Financial Bankshares during the 4th quarter worth about $33,000. Huntington National Bank raised its holdings in First Financial Bankshares by 32.2% in the 3rd quarter. Huntington National Bank now owns 2,369 shares of the bank’s stock valued at $88,000 after acquiring an additional 577 shares in the last quarter. R Squared Ltd acquired a new position in First Financial Bankshares in the 4th quarter valued at approximately $88,000. KBC Group NV raised its holdings in First Financial Bankshares by 50.5% in 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 in the last quarter. Finally, US Bancorp DE raised its holdings in First Financial Bankshares by 7.4% in the 4th quarter. US Bancorp DE now owns 5,396 shares of the bank’s stock valued at $195,000 after acquiring an additional 370 shares in the last quarter. Institutional investors and hedge funds own 69.78% of the company’s stock.

Insider Transactions at First Financial Bankshares

In related news, Director Johnny Trotter bought 6,000 shares of the company’s stock in a transaction dated Wednesday, March 12th. The stock was acquired at an average cost of $35.12 per share, with a total value of $210,720.00. Following the acquisition, the director now owns 949,371 shares in the company, valued at approximately $33,341,909.52. This represents a 0.64 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.22% of the stock is currently owned by insiders.

First Financial Bankshares Stock Down 0.1 %

First Financial Bankshares stock opened at $35.75 on Tuesday. First Financial Bankshares, Inc. has a 12 month low of $27.62 and a 12 month high of $44.66. The business has a 50 day moving average price of $36.89 and a two-hundred day moving average price of $37.74. The stock has a market cap of $5.11 billion, a price-to-earnings ratio of 22.92 and a beta of 0.78.

First Financial Bankshares (NASDAQ:FFIN) last issued its earnings results on Thursday, January 23rd. The bank reported $0.43 earnings per share (EPS) for the quarter, topping 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%. On average, analysts expect that First Financial Bankshares, Inc. will post 1.78 earnings per share for the current fiscal year.

First Financial Bankshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.01%. First Financial Bankshares’s payout ratio is presently 46.15%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods upped their price target on First Financial Bankshares from $40.00 to $41.00 and gave the company a “market perform” rating in a report on Monday, January 27th.

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.