Orion Portfolio Solutions LLC Sells 5,675 Shares of First Financial Bankshares, Inc. (NASDAQ:FFIN)

Orion Portfolio Solutions LLC lowered its position in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 13.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 36,805 shares of the bank’s stock after selling 5,675 shares during the period. Orion Portfolio Solutions LLC’s holdings in First Financial Bankshares were worth $1,362,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Lindenwold Advisors INC increased its position in shares of First Financial Bankshares by 2.8% in the 3rd quarter. Lindenwold Advisors INC now owns 9,091 shares of the bank’s stock valued at $336,000 after buying an additional 250 shares in the last quarter. Signaturefd LLC increased its holdings in First Financial Bankshares by 5.0% during the 2nd quarter. Signaturefd LLC now owns 5,637 shares of the bank’s stock worth $166,000 after purchasing an additional 270 shares in the last quarter. Crewe Advisors LLC increased its holdings in First Financial Bankshares by 6.0% during the 2nd quarter. Crewe Advisors LLC now owns 5,265 shares of the bank’s stock worth $155,000 after purchasing an additional 296 shares in the last quarter. Ballentine Partners LLC increased its holdings in First Financial Bankshares by 2.8% during the 3rd 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. Finally, Huntington National Bank increased its holdings in First Financial Bankshares by 32.2% during the 3rd quarter. Huntington National Bank now owns 2,369 shares of the bank’s stock worth $88,000 after purchasing an additional 577 shares in the last quarter. Institutional investors own 69.78% of the company’s stock.

First Financial Bankshares Price Performance

First Financial Bankshares stock opened at $40.47 on Friday. First Financial Bankshares, Inc. has a one year low of $27.06 and a one year high of $44.66. The company has a market cap of $5.78 billion, a price-to-earnings ratio of 27.91 and a beta of 0.81. The firm has a 50-day moving average of $39.48 and a 200-day moving average of $35.65.

First Financial Bankshares (NASDAQ:FFIN) last issued its earnings results on Thursday, October 17th. The bank reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. First Financial Bankshares had a net margin of 28.76% and a return on equity of 13.43%. The business had revenue of $142.10 million during the quarter, compared to the consensus estimate of $140.25 million. As a group, sell-side analysts expect that First Financial Bankshares, Inc. will post 1.52 earnings per share for the current year.

First Financial Bankshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 13th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.72 annualized dividend and a yield of 1.78%. First Financial Bankshares’s dividend payout ratio (DPR) is currently 49.66%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Truist Financial increased their target price on First Financial Bankshares from $39.00 to $40.00 and gave the stock a “hold” rating in a report on Friday, September 20th. Stephens increased their price objective on shares of First Financial Bankshares from $37.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. Hovde Group increased their price objective 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. Finally, Keefe, Bruyette & Woods increased their price objective on shares of First Financial Bankshares from $36.00 to $40.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th.

Insider Activity at First Financial Bankshares

In related news, Director Michael B. Denny sold 7,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $41.12, for a total value of $287,840.00. Following the completion of the sale, the director now directly owns 101,085 shares in the company, valued at approximately $4,156,615.20. This trade represents a 6.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 4.22% of the stock is currently owned by company insiders.

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.