Adell Harriman & Carpenter Inc Decreased First Financial Bankshares Inc (NASDAQ:FFIN) Stake By $122.16 Million

August 12, 2018 - By Russell Jones

First Financial Bankshares, Inc. (NASDAQ:FFIN) LogoInvestors sentiment increased to 1.38 in Q1 2018. Its up 0.27, from 1.11 in 2017Q4. It is positive, as 9 investors sold FFIN shares while 41 reduced holdings. 16 funds opened positions while 53 raised stakes. 34.51 million shares or 0.14% more from 34.46 million shares in 2017Q4 were reported. Massmutual Tru Co Fsb Adv invested 0% of its portfolio in First Financial Bankshares, Inc. (NASDAQ:FFIN). State Street stated it has 0.01% in First Financial Bankshares, Inc. (NASDAQ:FFIN). Texas Permanent School Fund invested in 0.03% or 44,735 shares. Invesco Limited owns 204,081 shares. Vanguard Grp reported 0.01% in First Financial Bankshares, Inc. (NASDAQ:FFIN). Moreover, Bb&T Ltd Limited Liability Company has 0.01% invested in First Financial Bankshares, Inc. (NASDAQ:FFIN) for 19,358 shares. Natl Bank Of Montreal Can has invested 0% of its portfolio in First Financial Bankshares, Inc. (NASDAQ:FFIN). Metropolitan Life holds 20,434 shares. Northwestern Mutual Wealth Mngmt holds 90 shares or 0% of its portfolio. Louisiana State Employees Retirement accumulated 0.06% or 30,000 shares. 6,807 are held by Balyasny Asset Mngmt Limited Liability Company. Royal Bankshares Of Canada stated it has 15,610 shares or 0% of all its holdings. Art Advsrs holds 0.03% in First Financial Bankshares, Inc. (NASDAQ:FFIN) or 14,702 shares. Prudential Incorporated has invested 0.01% in First Financial Bankshares, Inc. (NASDAQ:FFIN). Credit Suisse Ag reported 31,529 shares stake.

Since May 2, 2018, it had 2 insider purchases, and 2 insider sales for $387,440 activity. The insider Edwards Murray Hamilton bought $10,335. Another trade for 1,000 shares valued at $53,430 was made by TROTTER JOHNNY on Thursday, June 14. COPELAND DAVID L had sold 7,362 shares worth $373,106.

Adell Harriman & Carpenter Inc decreased its stake in First Financial Bankshares Inc (NASDAQ:FFIN) by 15.48% based on its latest 2018Q2 regulatory filing with the SEC. Adell Harriman & Carpenter Inc sold 2,400 shares as the company’s stock rose 10.75% while stock markets declined. The institutional investor held 13,100 shares of the finance company at the end of 2018Q2, valued at $666.79 million, down from 15,500 at the end of the previous reported quarter. Adell Harriman & Carpenter Inc who had been investing in First Financial Bankshares Inc for a number of months, seems to be less bullish one the $3.96B market cap company. The stock increased 0.77% or $0.45 during the last trading session, reaching $58.55. About 114,974 shares traded. First Financial Bankshares, Inc. (NASDAQ:FFIN) has risen 34.99% since August 13, 2017 and is uptrending. It has outperformed by 22.42% the S&P500.

Adell Harriman & Carpenter Inc is a Texas-based institutional investor with more than $528.39 million AUM in March, 2014. Taken from Adell Harriman & Carpenter latest Adv, the fund reported to have 10 full and part-time employees. Among which 3 performing investment advisory and research functions. The institutional investor had more than 600 clients.

First Financial Bankshares, Inc. (NASDAQ:FFIN) Ratings Coverage

Among 5 analysts covering First Financial Bankshares (NASDAQ:FFIN), 0 have Buy rating, 1 Sell and 4 Hold. Therefore 0 are positive. First Financial Bankshares had 5 analyst reports since February 26, 2018 according to SRatingsIntel. The rating was maintained by Stephens on Monday, April 23 with “Hold”. The firm earned “Hold” rating on Monday, February 26 by Keefe Bruyette & Woods. Sandler O’Neill maintained First Financial Bankshares, Inc. (NASDAQ:FFIN) rating on Friday, April 20. Sandler O’Neill has “Sell” rating and $4100 target. Hovde Group maintained First Financial Bankshares, Inc. (NASDAQ:FFIN) on Friday, April 20 with “Hold” rating. SunTrust maintained it with “Hold” rating and $5100 target in Monday, April 23 report.

First Financial Bankshares, Inc., through its subsidiaries, provides commercial banking services and products primarily in Texas. The company has market cap of $3.96 billion. The firm accepts checking, savings, and time deposits; and offers real estate, commercial, agricultural, and consumer loans to businesses, professionals, individuals, and farm and ranch operations. It has a 28.69 P/E ratio. It also provides automated teller machines, drive-in and night deposit, safe deposit facilities, remote deposit capture, Internet banking, mobile banking, payroll cards, funds transmitting, and other customary commercial banking services.

More news for First Financial Bankshares, Inc. (NASDAQ:FFIN) were recently published by: Globenewswire.com, which released: “Factors of Influence in 2018, Key Indicators and Opportunity within MTS, First Financial Bankshares, Tribune Media …” on August 02, 2018. Nasdaq.com‘s article titled: “Detailed Research: Economic Perspectives on Alphabet, NIKE, Community Health, MTS, First Financial Bankshares …” and published on July 30, 2018 is yet another important article.

First Financial Bankshares, Inc. (NASDAQ:FFIN) Institutional Positions Chart

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