1 week Ago By Defense World Staff
Prudential Financial Inc. trimmed its holdings in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN – Free Report) by 47.
0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,002 shares of the bank’s stock after selling 11,544 shares during the period. Prudential Financial Inc.
’s holdings in First Financial Bankshares were worth $469,000 at the end of the most recent reporting period. A number of other hedge funds and other institutional investors also recently made changes to their positions in FFIN. Assetmark Inc.
bought a new stake in First Financial Bankshares in the fourth quarter worth about $33,000. R Squared Ltd purchased a new stake in First Financial Bankshares during the fourth quarter valued at about $88,000. Harvest Fund Management Co.
Ltd boosted its position in First Financial Bankshares by 1,497.0% during the fourth quarter. Harvest Fund Management Co.
Ltd now owns 3,242 shares of the bank’s stock worth $118,000 after purchasing an additional 3,039 shares during the period. US Bancorp DE increased its stake in shares of First Financial Bankshares by 7.4% in the fourth quarter.
US Bancorp DE now owns 5,396 shares of the bank’s stock worth $195,000 after purchasing an additional 370 shares in the last quarter. Finally, KBC Group NV raised its position in shares of 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 during the period. 69.78% of the stock is owned by hedge funds and other institutional investors.
First Financial Bankshares Trading Up 5.8 %Shares of NASDAQ:FFIN opened at $33.52 on Thursday.
First Financial Bankshares, Inc. has a 12 month low of $27.62 and a 12 month high of $44.
66. The stock has a market cap of $4.79 billion, a P/E ratio of 21.
49 and a beta of 0.82. The company has a 50 day moving average of $36.
10 and a 200 day moving average of $37.46. First Financial Bankshares (NASDAQ:FFIN – Get Free Report) last released its quarterly earnings results on Thursday, January 23rd.
The bank reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.
03. First Financial Bankshares had a net margin of 29.69% and a return on equity of 14.
24%. On average, equities analysts forecast that First Financial Bankshares, Inc. will post 1.
78 earnings per share for the current fiscal year. First Financial Bankshares Announces DividendThe business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were given a dividend of $0.
18 per share. The ex-dividend date was Friday, March 14th. This represents a $0.
72 annualized dividend and a yield of 2.15%. First Financial Bankshares’s payout ratio is presently 46.
15%. Insiders Place Their BetsIn related news, Director Johnny Trotter acquired 6,000 shares of the company’s stock in a transaction dated Wednesday, March 12th. The stock was bought at an average cost of $35.
12 per share, with a total value of $210,720.00. Following the acquisition, the director now owns 949,371 shares of the company’s stock, valued at approximately $33,341,909.
52. The trade was a 0.64 % increase in their position.
The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 4.22% of the company’s stock.
Analyst Ratings ChangesSeparately, Keefe, Bruyette & Woods lifted 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.
Check Out Our Latest Stock Analysis on First Financial BanksharesAbout First Financial Bankshares (Free Report)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.Read MoreFive stocks we like better than First Financial BanksharesCanada Bond Market Holiday: How to Invest and Trade Quantum Computing: The $6.
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