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

Bridge City Capital LLC reduced its position in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 36.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 99,153 shares of the bank’s stock after selling 56,678 shares during the period. Bridge City Capital LLC’s holdings in First Financial Bankshares were worth $2,962,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FFIN. Northwestern Mutual Wealth Management Co. raised its stake in First Financial Bankshares by 3,042,660.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 21,512,315 shares of the bank’s stock valued at $642,573,000 after acquiring an additional 21,511,608 shares during the period. Norges Bank bought a new stake in First Financial Bankshares in the 4th quarter valued at about $51,227,000. Invesco Ltd. raised its stake in First Financial Bankshares by 170.9% in the 2nd quarter. Invesco Ltd. now owns 1,101,028 shares of the bank’s stock valued at $39,615,000 after acquiring an additional 694,534 shares during the period. SG Americas Securities LLC grew its holdings in First Financial Bankshares by 3,204.2% during the 4th quarter. SG Americas Securities LLC now owns 417,192 shares of the bank’s stock valued at $12,462,000 after buying an additional 404,566 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in First Financial Bankshares by 314.0% during the 2nd quarter. AQR Capital Management LLC now owns 490,284 shares of the bank’s stock valued at $17,640,000 after buying an additional 371,847 shares in the last quarter. 69.78% of the stock is currently owned by institutional investors.

First Financial Bankshares Stock Up 1.1%

FFIN stock opened at $33.65 on Friday. The firm has a market capitalization of $4.82 billion, a PE ratio of 18.29 and a beta of 0.83. First Financial Bankshares, Inc. has a twelve month low of $28.11 and a twelve month high of $38.74. The stock has a 50-day simple moving average of $31.98 and a two-hundred day simple moving average of $31.61.

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

First Financial Bankshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, June 12th. This is a positive change from First Financial Bankshares’s previous quarterly dividend of $0.19. This represents a $0.88 annualized dividend and a dividend yield of 2.6%. First Financial Bankshares’s payout ratio is presently 41.30%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on FFIN shares. Keefe, Bruyette & Woods reduced their target price on First Financial Bankshares from $36.00 to $34.00 and set a “market perform” rating for the company in a report on Thursday, April 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of First Financial Bankshares in a report on Wednesday, April 8th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $37.33.

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.