Yousif Capital Management LLC Cuts Position in First Financial Bankshares, Inc. $FFIN

Yousif Capital Management LLC cut its stake in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 1.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 43,198 shares of the bank’s stock after selling 855 shares during the quarter. Yousif Capital Management LLC’s holdings in First Financial Bankshares were worth $1,554,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in FFIN. Fifth Third Bancorp increased its holdings in shares of First Financial Bankshares by 161.5% in the 1st quarter. Fifth Third Bancorp now owns 714 shares of the bank’s stock valued at $26,000 after acquiring an additional 441 shares during the period. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of First Financial Bankshares in the 1st quarter valued at $36,000. Smartleaf Asset Management LLC increased its holdings in shares of First Financial Bankshares by 47.5% in the 1st quarter. Smartleaf Asset Management LLC now owns 1,255 shares of the bank’s stock valued at $45,000 after acquiring an additional 404 shares during the period. Quarry LP increased its holdings in shares of First Financial Bankshares by 336.9% in the 1st quarter. Quarry LP now owns 1,573 shares of the bank’s stock valued at $57,000 after acquiring an additional 1,213 shares during the period. Finally, Assetmark Inc. increased its holdings in shares of First Financial Bankshares by 76.5% in the 1st quarter. Assetmark Inc. now owns 1,629 shares of the bank’s stock valued at $59,000 after acquiring an additional 706 shares during the period. 69.78% of the stock is currently owned by hedge funds and other institutional investors.

First Financial Bankshares Price Performance

Shares of FFIN stock opened at $31.53 on Monday. The stock’s fifty day moving average price is $35.07 and its 200 day moving average price is $35.07. The company has a market cap of $4.51 billion, a price-to-earnings ratio of 18.33 and a beta of 0.86. First Financial Bankshares, Inc. has a 1-year low of $30.58 and a 1-year high of $44.66.

First Financial Bankshares (NASDAQ:FFIN) last posted its quarterly earnings results on Thursday, July 17th. The bank reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.02. The business had revenue of $156.60 million for the quarter, compared to the consensus estimate of $156.41 million. First Financial Bankshares had a return on equity of 14.69% and a net margin of 31.01%.During the same quarter in the previous year, the business earned $0.37 EPS. As a group, equities research analysts anticipate that First Financial Bankshares, Inc. will post 1.78 earnings per share for the current year.

First Financial Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 2.4%. The ex-dividend date was Monday, September 15th. First Financial Bankshares’s payout ratio is presently 44.19%.

Wall Street Analysts Forecast Growth

FFIN has been the topic of a number of analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of First Financial Bankshares in a report on Tuesday, October 14th. Hovde Group boosted their target price on First Financial Bankshares from $38.00 to $39.00 and gave the stock a “market perform” rating in a research note on Monday, July 21st. Cantor Fitzgerald initiated coverage on First Financial Bankshares in a research note on Wednesday, September 10th. They set a “neutral” rating and a $39.00 target price on the stock. Finally, Keefe, Bruyette & Woods boosted their target price on First Financial Bankshares from $36.00 to $38.00 and gave the stock a “market perform” rating in a research note on Friday, July 18th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $38.67.

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.