Natixis Advisors LLC Has $21.82 Million Stock Position in First Financial Bankshares, Inc. (NASDAQ:FFIN)

Natixis Advisors LLC trimmed its holdings in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) by 1.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 605,269 shares of the bank’s stock after selling 8,112 shares during the period. Natixis Advisors LLC owned approximately 0.42% of First Financial Bankshares worth $21,820,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of FFIN. Assetmark Inc. acquired a new position in First Financial Bankshares during the fourth quarter valued at $33,000. Huntington National Bank grew its stake in First Financial Bankshares by 32.2% in the third quarter. Huntington National Bank now owns 2,369 shares of the bank’s stock valued at $88,000 after purchasing an additional 577 shares in the last quarter. R Squared Ltd purchased a new position in First Financial Bankshares in the fourth quarter valued at about $88,000. KBC Group NV grew its stake in First Financial Bankshares by 50.5% in the fourth quarter. KBC Group NV now owns 5,422 shares of the bank’s stock valued at $195,000 after purchasing an additional 1,819 shares in the last quarter. Finally, US Bancorp DE grew its stake in First Financial Bankshares by 7.4% in the fourth quarter. US Bancorp DE now owns 5,396 shares of the bank’s stock valued at $195,000 after purchasing an additional 370 shares in the last quarter. 69.78% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at First Financial Bankshares

In related news, Director Johnny Trotter purchased 6,000 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The stock was bought at an average price of $35.12 per share, for a total transaction of $210,720.00. Following the purchase, the director now owns 949,371 shares in the company, valued at $33,341,909.52. The trade was a 0.64 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 4.22% of the stock is currently owned by corporate insiders.

First Financial Bankshares Stock Performance

FFIN opened at $35.75 on Tuesday. The company has a market cap of $5.11 billion, a PE ratio of 22.92 and a beta of 0.78. The stock has a 50-day moving average of $36.89 and a 200-day moving average of $37.74. First Financial Bankshares, Inc. has a 52-week low of $27.62 and a 52-week high of $44.66.

First Financial Bankshares (NASDAQ:FFIN) last released its quarterly earnings results on Thursday, January 23rd. The bank reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.03. First Financial Bankshares had a return on equity of 14.24% and a net margin of 29.69%. On average, research analysts predict that First Financial Bankshares, Inc. will post 1.78 earnings per share for the current year.

First Financial Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.72 annualized dividend and a dividend yield of 2.01%. First Financial Bankshares’s dividend payout ratio (DPR) is presently 46.15%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods boosted their target price on 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 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.