First Financial Bankshares, Inc. (FFIN) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System reduced its holdings in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) by 1.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 100,026 shares of the bank’s stock after selling 1,567 shares during the quarter. California State Teachers Retirement System owned 0.15% of First Financial Bankshares worth $4,506,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Goldman Sachs Group Inc. lifted its holdings in shares of First Financial Bankshares by 5.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,622,258 shares of the bank’s stock valued at $73,083,000 after purchasing an additional 87,580 shares in the last quarter. Deutsche Bank AG lifted its holdings in shares of First Financial Bankshares by 128.8% during the fourth quarter. Deutsche Bank AG now owns 144,074 shares of the bank’s stock valued at $6,490,000 after purchasing an additional 81,097 shares in the last quarter. Profund Advisors LLC lifted its holdings in shares of First Financial Bankshares by 33.8% during the fourth quarter. Profund Advisors LLC now owns 13,249 shares of the bank’s stock valued at $597,000 after purchasing an additional 3,347 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of First Financial Bankshares by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 590,835 shares of the bank’s stock valued at $26,616,000 after purchasing an additional 9,414 shares in the last quarter. Finally, Bbva Compass Bancshares Inc. lifted its holdings in shares of First Financial Bankshares by 23.7% during the fourth quarter. Bbva Compass Bancshares Inc. now owns 23,852 shares of the bank’s stock valued at $1,075,000 after purchasing an additional 4,569 shares in the last quarter. 51.51% of the stock is currently owned by hedge funds and other institutional investors.

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FFIN stock opened at $46.30 on Monday. First Financial Bankshares, Inc. has a fifty-two week low of $36.85 and a fifty-two week high of $49.60. The stock has a market capitalization of $3,128.72, a price-to-earnings ratio of 27.24 and a beta of 1.33.

First Financial Bankshares (NASDAQ:FFIN) last posted its earnings results on Thursday, January 25th. The bank reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). First Financial Bankshares had a net margin of 35.72% and a return on equity of 12.61%. The firm had revenue of $83.20 million during the quarter, compared to the consensus estimate of $90.40 million. equities research analysts forecast that First Financial Bankshares, Inc. will post 2.07 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date is Wednesday, March 14th. First Financial Bankshares’s dividend payout ratio is 44.71%.

In related news, Director Johnny Trotter acquired 11,400 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The shares were purchased at an average price of $45.10 per share, with a total value of $514,140.00. Following the completion of the purchase, the director now directly owns 388,938 shares of the company’s stock, valued at $17,541,103.80. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Steven L. Beal sold 15,973 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $47.37, for a total value of $756,641.01. Following the completion of the transaction, the director now directly owns 1,465 shares in the company, valued at approximately $69,397.05. The disclosure for this sale can be found here. 4.77% of the stock is currently owned by corporate insiders.

FFIN has been the topic of a number of research analyst reports. BidaskClub raised First Financial Bankshares from a “hold” rating to a “buy” rating in a report on Friday, March 9th. Zacks Investment Research raised First Financial Bankshares from a “sell” rating to a “hold” rating in a report on Tuesday, March 27th. SunTrust Banks reaffirmed a “hold” rating and set a $48.00 price target on shares of First Financial Bankshares in a report on Tuesday, January 9th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $47.00 price target on shares of First Financial Bankshares in a report on Tuesday, February 27th. Finally, Hovde Group set a $46.00 target price on First Financial Bankshares and gave the company a “hold” rating in a report on Monday, January 29th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. First Financial Bankshares currently has a consensus rating of “Hold” and an average target price of $44.86.

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First Financial Bankshares Profile

First Financial Bankshares, Inc, through its subsidiaries, provides commercial banking products and services primarily in Texas. The company accepts checking, savings, and time deposits; and offers real estate, commercial, agricultural, and consumer loans to businesses, professionals, individuals, and farm and ranch operations.

Institutional Ownership by Quarter for First Financial Bankshares (NASDAQ:FFIN)

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