Teza Capital Management LLC Sells 3,777 Shares of First Financial Bankshares, Inc. (NASDAQ:FFIN)

Teza Capital Management LLC lessened its holdings in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 20.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,747 shares of the bank’s stock after selling 3,777 shares during the quarter. Teza Capital Management LLC’s holdings in First Financial Bankshares were worth $532,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in FFIN. Federated Hermes Inc. grew its stake in shares of First Financial Bankshares by 2.3% during the fourth quarter. Federated Hermes Inc. now owns 13,313 shares of the bank’s stock valued at $480,000 after buying an additional 295 shares during the last quarter. Arizona State Retirement System boosted its holdings in First Financial Bankshares by 0.9% during the 4th quarter. Arizona State Retirement System now owns 35,263 shares of the bank’s stock valued at $1,271,000 after acquiring an additional 302 shares during the period. Kingsview Wealth Management LLC grew its position in First Financial Bankshares by 1.2% during the 4th quarter. Kingsview Wealth Management LLC now owns 26,649 shares of the bank’s stock worth $961,000 after acquiring an additional 312 shares during the last quarter. Numerai GP LLC grew its position in First Financial Bankshares by 1.8% during the 4th quarter. Numerai GP LLC now owns 18,033 shares of the bank’s stock worth $650,000 after acquiring an additional 312 shares during the last quarter. Finally, US Bancorp DE increased its stake in First Financial Bankshares by 7.4% in the 4th quarter. US Bancorp DE now owns 5,396 shares of the bank’s stock worth $195,000 after purchasing an additional 370 shares during the period. Hedge funds and other institutional investors own 69.78% of the company’s stock.

Insider Transactions at First Financial Bankshares

In related news, Director Johnny Trotter acquired 6,000 shares of the stock in a transaction on Wednesday, March 12th. The stock was acquired at an average price of $35.12 per share, for a total transaction of $210,720.00. Following the completion of the purchase, the director now owns 949,371 shares of the company’s stock, valued at $33,341,909.52. This represents a 0.64% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have purchased a total of 7,099 shares of company stock valued at $247,751 in the last ninety days. 4.22% of the stock is currently owned by corporate insiders.

First Financial Bankshares Trading Up 0.0%

Shares of FFIN stock opened at $35.87 on Tuesday. The company’s fifty day moving average price is $34.29 and its 200-day moving average price is $36.89. The stock has a market cap of $5.13 billion, a PE ratio of 22.99 and a beta of 0.89. First Financial Bankshares, Inc. has a 12 month low of $27.62 and a 12 month high of $44.66.

First Financial Bankshares (NASDAQ:FFIN) last issued its quarterly earnings results on Thursday, April 17th. The bank reported $0.43 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.43. The company had revenue of $149.02 million during the quarter, compared to analysts’ expectations of $149.48 million. First Financial Bankshares had a net margin of 29.69% and a return on equity of 14.24%. On average, sell-side analysts forecast that First Financial Bankshares, Inc. will post 1.78 earnings per share for the current fiscal year.

First Financial Bankshares Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 16th will be given a $0.19 dividend. This is a boost from First Financial Bankshares’s previous quarterly dividend of $0.18. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Monday, June 16th. First Financial Bankshares’s payout ratio is currently 46.91%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on FFIN. Keefe, Bruyette & Woods dropped their price objective on First Financial Bankshares from $38.00 to $36.00 and set a “market perform” rating for the company in a research note on Monday, April 21st. Hovde Group cut their price objective on First Financial Bankshares from $40.00 to $38.00 and set a “market perform” rating on the stock in a research report on Monday, April 21st.

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.