Vista Finance LLC Cuts Holdings in First Financial Bankshares, Inc. (NASDAQ:FFIN)

Vista Finance LLC decreased its position in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 7.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,499 shares of the bank’s stock after selling 1,492 shares during the period. First Financial Bankshares comprises 0.7% of Vista Finance LLC’s investment portfolio, making the stock its 21st biggest position. Vista Finance LLC’s holdings in First Financial Bankshares were worth $703,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FFIN. Creative Planning increased its holdings in First Financial Bankshares by 15.2% in the third quarter. Creative Planning now owns 50,574 shares of the bank’s stock valued at $1,872,000 after buying an additional 6,670 shares in the last quarter. Inspire Advisors LLC purchased a new stake in shares of First Financial Bankshares during the third quarter worth about $229,000. Blue Trust Inc. increased its stake in shares of First Financial Bankshares by 33.5% during the third quarter. Blue Trust Inc. now owns 36,123 shares of the bank’s stock worth $1,337,000 after purchasing an additional 9,056 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of First Financial Bankshares by 5,346.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 7,897 shares of the bank’s stock worth $292,000 after purchasing an additional 7,752 shares in the last quarter. Finally, Ballentine Partners LLC increased its stake in shares of First Financial Bankshares by 2.8% during the third quarter. Ballentine Partners LLC now owns 12,190 shares of the bank’s stock worth $451,000 after purchasing an additional 333 shares in the last quarter. Hedge funds and other institutional investors own 69.78% of the company’s stock.

First Financial Bankshares Trading Down 0.8 %

FFIN opened at $37.21 on Friday. The firm has a market capitalization of $5.32 billion, a PE ratio of 23.85 and a beta of 0.83. First Financial Bankshares, Inc. has a twelve month low of $27.62 and a twelve month high of $44.66. The firm’s 50-day moving average price is $37.36 and its 200 day moving average price is $37.56.

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%. As a group, analysts predict that First Financial Bankshares, Inc. will post 1.78 earnings per share for the current fiscal year.

First Financial Bankshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders 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 annualized dividend and a yield of 1.93%. First Financial Bankshares’s payout ratio is 46.15%.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Keefe, Bruyette & Woods boosted their target price 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. Hovde Group boosted their target price on shares of First Financial Bankshares from $34.50 to $40.00 and gave the stock a “market perform” rating in a research note on Monday, October 21st.

Insider Buying and Selling at First Financial Bankshares

In other First Financial Bankshares news, CEO F Scott Dueser sold 25,000 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 471,004 shares in the company, valued at $19,183,992.92. The trade was a 5.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 4.22% of the stock is currently owned by company insiders.

First Financial Bankshares 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.