Adell Harriman & Carpenter Inc. lowered its position in shares of First Financial Bankshares Inc (NASDAQ:FFIN) by 37.4% in the first quarter, Holdings Channel reports. The fund owned 7,200 shares of the bank’s stock after selling 4,300 shares during the period. Adell Harriman & Carpenter Inc.’s holdings in First Financial Bankshares were worth $416,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in FFIN. Oregon Public Employees Retirement Fund acquired a new stake in shares of First Financial Bankshares in the 4th quarter valued at approximately $26,000. Quadrant Capital Group LLC boosted its holdings in shares of First Financial Bankshares by 767.3% in the 1st quarter. Quadrant Capital Group LLC now owns 451 shares of the bank’s stock valued at $26,000 after buying an additional 399 shares during the last quarter. Quantamental Technologies LLC acquired a new stake in shares of First Financial Bankshares in the 4th quarter valued at approximately $29,000. Liberty Wealth Management LLC acquired a new stake in shares of First Financial Bankshares in the 4th quarter valued at approximately $36,000. Finally, Ellis Investment Partners LLC acquired a new stake in shares of First Financial Bankshares in the 1st quarter valued at approximately $117,000. 55.53% of the stock is owned by hedge funds and other institutional investors.

FFIN opened at $60.47 on Thursday. First Financial Bankshares Inc has a 1-year low of $50.55 and a 1-year high of $66.83. The firm has a market capitalization of $8.10 billion, a P/E ratio of 27.74 and a beta of 1.14.

First Financial Bankshares shares are scheduled to split on Monday, June 3rd. The 2-1 split was announced on Tuesday, April 23rd. The newly created shares will be distributed to shareholders after the market closes on Friday, May 31st.

First Financial Bankshares (NASDAQ:FFIN) last posted its quarterly earnings results on Thursday, April 18th. The bank reported $0.56 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.56. First Financial Bankshares had a return on equity of 15.03% and a net margin of 38.47%. The business had revenue of $95.77 million for the quarter, compared to analysts’ expectations of $96.90 million. During the same quarter in the prior year, the business earned $0.51 EPS. On average, equities analysts expect that First Financial Bankshares Inc will post 2.38 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 17th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend is Friday, June 14th. First Financial Bankshares’s dividend payout ratio (DPR) is presently 38.53%.

Several research firms have recently commented on FFIN. Zacks Investment Research downgraded First Financial Bankshares from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. BidaskClub cut First Financial Bankshares from a “hold” rating to a “sell” rating in a research note on Wednesday, April 24th. Finally, Stephens restated a “neutral” rating and issued a $57.00 price target on shares of First Financial Bankshares in a research note on Monday, April 22nd.

In other news, Director Johnny Trotter acquired 3,000 shares of the stock in a transaction on Tuesday, April 30th. The shares were purchased at an average price of $61.61 per share, for a total transaction of $184,830.00. Following the transaction, the director now directly owns 394,913 shares of the company’s stock, valued at $24,330,589.93. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director David L. Copeland sold 5,000 shares of the stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $61.68, for a total value of $308,400.00. Following the transaction, the director now owns 34,094 shares in the company, valued at approximately $2,102,917.92. The disclosure for this sale can be found here. In the last 90 days, insiders purchased 15,218 shares of company stock worth $928,508. 4.90% of the stock is owned by company insiders.

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About First Financial Bankshares

First Financial Bankshares, Inc, through its subsidiaries, provides commercial banking products and services primarily in Texas. The company accepts checking, savings, and time deposits; and offers real estate, commercial, agricultural, and consumer loans to businesses, professionals, individuals, and farm and ranch operations.

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Institutional Ownership by Quarter for First Financial Bankshares (NASDAQ:FFIN)

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