Bridge City Capital LLC Sells 56,678 Shares of First Financial Bankshares, Inc. $FFIN

Bridge City Capital LLC cut its stake in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) by 36.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 99,153 shares of the bank’s stock after selling 56,678 shares during the period. Bridge City Capital LLC owned about 0.07% of First Financial Bankshares worth $2,962,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of FFIN. Aigen Investment Management LP bought a new stake in shares of First Financial Bankshares during the 4th quarter worth $356,000. Kestra Advisory Services LLC bought a new stake in shares of First Financial Bankshares during the 4th quarter worth $115,000. Marshall Wace LLP bought a new stake in shares of First Financial Bankshares during the 4th quarter worth $5,894,000. Walleye Capital LLC bought a new stake in shares of First Financial Bankshares during the 4th quarter worth $1,872,000. Finally, State Street Corp raised its stake in shares of First Financial Bankshares by 1.5% during the 4th quarter. State Street Corp now owns 6,140,759 shares of the bank’s stock worth $184,551,000 after purchasing an additional 87,988 shares during the period. 69.78% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Keefe, Bruyette & Woods lowered their target price on First Financial Bankshares from $36.00 to $34.00 and set a “market perform” rating on the stock in a research note on Thursday, April 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of First Financial Bankshares in a research note on Wednesday, April 8th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $37.33.

First Financial Bankshares Price Performance

NASDAQ FFIN opened at $33.65 on Friday. The stock has a market capitalization of $4.82 billion, a price-to-earnings ratio of 18.29 and a beta of 0.83. First Financial Bankshares, Inc. has a one year low of $28.11 and a one year high of $38.74. The business’s fifty day moving average is $31.98 and its 200-day moving average is $31.61.

First Financial Bankshares (NASDAQ:FFIN) last announced its quarterly earnings data on Friday, April 17th. The bank reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. First Financial Bankshares had a return on equity of 14.20% and a net margin of 31.00%.The business had revenue of $166.89 million for the quarter, compared to analysts’ expectations of $166.78 million. During the same period in the previous year, the business posted $0.43 EPS. Research analysts expect that First Financial Bankshares, Inc. will post 2.04 EPS for the current fiscal year.

First Financial Bankshares Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 12th will be paid a $0.22 dividend. The ex-dividend date is Friday, June 12th. This represents a $0.88 dividend on an annualized basis and a yield of 2.6%. This is an increase from First Financial Bankshares’s previous quarterly dividend of $0.19. First Financial Bankshares’s dividend payout ratio (DPR) is presently 41.30%.

About First Financial Bankshares

First Financial Bankshares, Inc is a regional bank holding company headquartered in Cincinnati, Ohio. Through its primary subsidiary, First Financial Bank, the company offers a full suite of banking products and services to individual, small business and commercial clients. With roots dating back to 1863, First Financial has cultivated a strong community banking heritage, combining personalized service with modern financial solutions.

The company’s core business activities include commercial and consumer lending, deposit products, treasury management, mortgage origination and servicing, and wealth management.