Atria Wealth Solutions Inc. Acquires 9,056 Shares of First Financial Bankshares, Inc. (NASDAQ:FFIN)

Atria Wealth Solutions Inc. boosted its holdings in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) by 26.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 43,335 shares of the bank’s stock after acquiring an additional 9,056 shares during the period. Atria Wealth Solutions Inc.’s holdings in First Financial Bankshares were worth $1,567,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. State Street Corp boosted its position in shares of First Financial Bankshares by 4.7% during the third quarter. State Street Corp now owns 6,222,092 shares of the bank’s stock valued at $231,381,000 after buying an additional 281,166 shares during the last quarter. Champlain Investment Partners LLC raised its position in First Financial Bankshares by 6.8% in the 3rd quarter. Champlain Investment Partners LLC now owns 3,516,329 shares of the bank’s stock valued at $130,139,000 after buying an additional 223,640 shares during the last quarter. Geode Capital Management LLC lifted its stake in First Financial Bankshares by 8.0% during the 3rd quarter. Geode Capital Management LLC now owns 3,361,921 shares of the bank’s stock valued at $124,446,000 after acquiring an additional 249,011 shares in the last quarter. Strategic Financial Concepts LLC boosted its holdings in First Financial Bankshares by 3,508.3% during the 4th quarter. Strategic Financial Concepts LLC now owns 2,807,834 shares of the bank’s stock worth $101,222,000 after acquiring an additional 2,730,017 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of First Financial Bankshares by 3.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,701,180 shares of the bank’s stock valued at $62,961,000 after purchasing an additional 62,538 shares during the last quarter. 69.78% of the stock is owned by institutional investors.

Insider Activity at First Financial Bankshares

In other news, CEO F Scott Dueser sold 25,000 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $40.73, for a total transaction of $1,018,250.00. Following the completion of the transaction, the chief executive officer now owns 471,004 shares of the company’s stock, valued at approximately $19,183,992.92. The trade was a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.22% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods increased their price objective on shares of First Financial Bankshares from $40.00 to $41.00 and gave the company a “market perform” rating in a research note on Monday, January 27th.

First Financial Bankshares Price Performance

Shares of FFIN stock opened at $36.83 on Monday. First Financial Bankshares, Inc. has a 1 year low of $27.62 and a 1 year high of $44.66. The company’s fifty day simple moving average is $37.02 and its two-hundred day simple moving average is $37.63. The stock has a market capitalization of $5.26 billion, a price-to-earnings ratio of 23.61 and a beta of 0.83.

First Financial Bankshares (NASDAQ:FFIN) last announced its quarterly earnings results on Thursday, January 23rd. The bank reported $0.43 earnings per share (EPS) 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%. Equities research analysts anticipate that First Financial Bankshares, Inc. will post 1.78 EPS for the current year.

First Financial Bankshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a $0.18 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.95%. First Financial Bankshares’s dividend payout ratio (DPR) is presently 46.15%.

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.