Russell Investments Group Ltd. Has $1.28 Million Holdings in First Financial Bankshares, Inc. (NASDAQ:FFIN)

Russell Investments Group Ltd. cut its holdings in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN – Get Rating) by 7.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 37,229 shares of the bank’s stock after selling 3,210 shares during the quarter. Russell Investments Group Ltd.’s holdings in First Financial Bankshares were worth $1,281,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of FFIN. Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of First Financial Bankshares during the 4th quarter valued at about $34,000. Parallel Advisors LLC lifted its holdings in shares of First Financial Bankshares by 104.7% during the 4th quarter. Parallel Advisors LLC now owns 1,132 shares of the bank’s stock valued at $39,000 after buying an additional 579 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of First Financial Bankshares by 46.0% during the 3rd quarter. Quadrant Capital Group LLC now owns 1,101 shares of the bank’s stock valued at $46,000 after buying an additional 347 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of First Financial Bankshares by 62.7% during the 3rd quarter. Signaturefd LLC now owns 1,199 shares of the bank’s stock valued at $50,000 after buying an additional 462 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC acquired a new stake in shares of First Financial Bankshares during the 4th quarter valued at about $70,000. 53.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on FFIN. Stephens reduced their price target on First Financial Bankshares from $34.00 to $32.00 and set an “equal weight” rating for the company in a report on Friday, April 21st. Truist Financial reduced their target price on First Financial Bankshares from $38.00 to $34.00 and set a “hold” rating for the company in a report on Thursday, March 23rd. Piper Sandler reduced their target price on First Financial Bankshares from $28.00 to $26.00 in a report on Friday, April 21st. Finally, StockNews.com initiated coverage on First Financial Bankshares in a report on Thursday, May 18th. They issued a “sell” rating for the company.

First Financial Bankshares Stock Down 1.5 %

Shares of NASDAQ FFIN opened at $27.34 on Thursday. The business’s 50 day moving average is $29.27 and its two-hundred day moving average is $33.39. The company has a market cap of $3.90 billion, a P/E ratio of 16.98 and a beta of 0.73. First Financial Bankshares, Inc. has a 12 month low of $25.01 and a 12 month high of $47.26.

First Financial Bankshares Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 3rd. Investors of record on Thursday, June 15th will be given a $0.18 dividend. This is a boost from First Financial Bankshares’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a yield of 2.63%. The ex-dividend date is Wednesday, June 14th. First Financial Bankshares’s dividend payout ratio (DPR) is 42.24%.

Insider Buying and Selling

In other First Financial Bankshares news, Director Robert Clark Nickles, Jr. acquired 18,387 shares of First Financial Bankshares stock in a transaction dated Tuesday, May 9th. The stock was bought at an average cost of $26.19 per share, with a total value of $481,555.53. Following the acquisition, the director now owns 91,172 shares of the company’s stock, valued at $2,387,794.68. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other First Financial Bankshares news, Director Michael B. Denny acquired 3,500 shares of First Financial Bankshares stock in a transaction dated Thursday, April 27th. The stock was bought at an average cost of $28.50 per share, with a total value of $99,750.00. Following the acquisition, the director now owns 100,127 shares of the company’s stock, valued at $2,853,619.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert Clark Nickles, Jr. bought 18,387 shares of the company’s stock in a transaction that occurred on Tuesday, May 9th. The shares were purchased at an average price of $26.19 per share, with a total value of $481,555.53. Following the transaction, the director now directly owns 91,172 shares in the company, valued at $2,387,794.68. The disclosure for this purchase can be found here. Insiders bought a total of 41,733 shares of company stock valued at $1,222,342 over the last ninety days. 4.11% of the stock is owned by company insiders.

About First Financial Bankshares

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First Financial Bankshares, Inc is a bank holding company, which engages in the provision of financial and community banking services. It offers mortgage loans, savings and checking accounts, auto and equity loans, online and mobile banking, investment and trust management, and retirement plans. The company was founded in 1956 and is headquartered in Abilene, TX.