First Financial Bankshares, Inc. (NASDAQ:FFIN) Holdings Increased by Barclays PLC

Barclays PLC lifted its stake in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) by 16.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 336,317 shares of the bank's stock after acquiring an additional 46,849 shares during the quarter. Barclays PLC owned 0.24% of First Financial Bankshares worth $12,124,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Rockefeller Capital Management L.P. raised its holdings in First Financial Bankshares by 4.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 12,616 shares of the bank's stock worth $455,000 after purchasing an additional 495 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of First Financial Bankshares in the fourth quarter valued at approximately $8,341,000. Bank of Montreal Can lifted its stake in shares of First Financial Bankshares by 11.0% in the 4th quarter. Bank of Montreal Can now owns 17,724 shares of the bank's stock worth $639,000 after acquiring an additional 1,753 shares during the period. Federated Hermes Inc. raised its stake in shares of First Financial Bankshares by 2.3% during the 4th quarter. Federated Hermes Inc. now owns 13,313 shares of the bank's stock worth $480,000 after buying an additional 295 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of First Financial Bankshares by 16.0% during the 4th quarter. Russell Investments Group Ltd. now owns 7,630 shares of the bank's stock worth $275,000 after purchasing an additional 1,054 shares during the period. Institutional investors and hedge funds own 69.78% of the company's stock.

Insider Activity at First Financial Bankshares

In other First Financial Bankshares news, Director Johnny Trotter bought 6,000 shares of the business's stock in a transaction on Wednesday, March 12th. The shares were purchased at an average price of $35.12 per share, with a total value of $210,720.00. Following the completion of the acquisition, the director now directly owns 949,371 shares of the company's stock, valued at approximately $33,341,909.52. The trade was a 0.64 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders have bought 7,041 shares of company stock valued at $247,992. Corporate insiders own 4.22% of the company's stock.

First Financial Bankshares Stock Down 1.2 %

Shares of NASDAQ FFIN traded down $0.41 on Friday, hitting $33.37. The company had a trading volume of 350,373 shares, compared to its average volume of 543,820. The business has a 50 day moving average of $34.89 and a two-hundred day moving average of $37.14. The firm has a market capitalization of $4.77 billion, a P/E ratio of 21.39 and a beta of 0.82. 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 - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The bank reported $0.43 EPS for the quarter, meeting analysts' consensus estimates of $0.43. The firm had revenue of $149.02 million during the quarter, compared to the consensus estimate of $149.48 million. First Financial Bankshares had a return on equity of 14.24% and a net margin of 29.69%. On average, sell-side 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 disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend was Friday, March 14th. First Financial Bankshares's dividend payout ratio is currently 44.44%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Hovde Group cut their price objective on First Financial Bankshares from $40.00 to $38.00 and set a "market perform" rating for the company in a research report on Monday, April 21st. Keefe, Bruyette & Woods cut their price target on shares of First Financial Bankshares from $38.00 to $36.00 and set a "market perform" rating on the stock in a research note on Monday, April 21st.

First Financial Bankshares Company 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.