First Financial Bankshares Inc Has $624.15 Million Stock Holdings in First Financial Bankshares, Inc. (NASDAQ:FFIN)

First Financial Bankshares Inc lowered its stake in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 2.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 17,313,555 shares of the bank’s stock after selling 514,308 shares during the period. First Financial Bankshares accounts for approximately 13.5% of First Financial Bankshares Inc’s holdings, making the stock its biggest holding. First Financial Bankshares Inc owned 12.12% of First Financial Bankshares worth $624,154,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of FFIN. Huntington National Bank grew its position in shares of First Financial Bankshares by 32.2% during the 3rd quarter. Huntington National Bank now owns 2,369 shares of the bank’s stock valued at $88,000 after buying an additional 577 shares during the last quarter. Royce & Associates LP grew its position in shares of First Financial Bankshares by 43.5% during the 3rd quarter. Royce & Associates LP now owns 127,017 shares of the bank’s stock valued at $4,701,000 after buying an additional 38,474 shares during the last quarter. Natixis Advisors LLC grew its position in shares of First Financial Bankshares by 37.5% during the 3rd quarter. Natixis Advisors LLC now owns 613,381 shares of the bank’s stock valued at $22,701,000 after buying an additional 167,433 shares during the last quarter. Thrivent Financial for Lutherans grew its position in shares of First Financial Bankshares by 27.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 53,326 shares of the bank’s stock valued at $1,973,000 after buying an additional 11,329 shares during the last quarter. Finally, Lindenwold Advisors INC grew its position in shares of First Financial Bankshares by 2.8% during the 3rd quarter. Lindenwold Advisors INC now owns 9,091 shares of the bank’s stock valued at $336,000 after buying an additional 250 shares during the last quarter. Institutional investors own 69.78% of the company’s stock.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods boosted 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 report on Monday, January 27th.

Insider Transactions at First Financial Bankshares

In related news, Director Johnny Trotter purchased 6,000 shares of First Financial Bankshares 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 purchase, the director now owns 949,371 shares in the company, valued at approximately $33,341,909.52. The trade was a 0.64 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 4.22% of the company’s stock.

First Financial Bankshares Trading Down 0.4 %

NASDAQ FFIN opened at $35.60 on Wednesday. First Financial Bankshares, Inc. has a 52 week low of $27.62 and a 52 week high of $44.66. The stock has a market cap of $5.09 billion, a price-to-earnings ratio of 22.82 and a beta of 0.78. The company has a 50-day moving average price of $36.89 and a two-hundred day moving average price of $37.73.

First Financial Bankshares (NASDAQ:FFIN) last posted its earnings results on Thursday, January 23rd. The bank reported $0.43 EPS 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%. As a group, equities research analysts expect that First Financial Bankshares, Inc. will post 1.78 earnings per share for the current fiscal year.

First Financial Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend is Friday, March 14th. First Financial Bankshares’s dividend payout ratio is currently 46.15%.

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.