First Financial Bankshares, Inc. (NASDAQ:FFIN) Stock Holdings Increased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its holdings in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) by 1.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,572,218 shares of the bank's stock after purchasing an additional 42,280 shares during the period. Dimensional Fund Advisors LP owned 1.80% of First Financial Bankshares worth $92,733,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. First Trust Advisors LP grew its position in shares of First Financial Bankshares by 14.6% during the 4th quarter. First Trust Advisors LP now owns 256,253 shares of the bank's stock valued at $9,238,000 after buying an additional 32,690 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in shares of First Financial Bankshares during the fourth quarter valued at approximately $887,000. NewEdge Advisors LLC raised its position in shares of First Financial Bankshares by 5.8% during the 4th quarter. NewEdge Advisors LLC now owns 10,097 shares of the bank's stock worth $364,000 after purchasing an additional 551 shares during the period. Ontario Teachers Pension Plan Board raised its position in shares of First Financial Bankshares by 40.2% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 19,454 shares of the bank's stock worth $701,000 after purchasing an additional 5,581 shares during the period. Finally, Barclays PLC lifted its holdings in shares of First Financial Bankshares by 16.2% in the 4th quarter. Barclays PLC now owns 336,317 shares of the bank's stock worth $12,124,000 after purchasing an additional 46,849 shares during the last quarter. 69.78% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Johnny Trotter bought 6,000 shares of the company's stock in a transaction that occurred 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 in the company, valued at approximately $33,341,909.52. This trade represents a 0.64 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders have purchased 7,099 shares of company stock worth $247,751. 4.22% of the stock is owned by corporate insiders.

First Financial Bankshares Price Performance

FFIN stock traded up $0.88 on Friday, reaching $34.65. The company's stock had a trading volume of 491,776 shares, compared to its average volume of 545,698. First Financial Bankshares, Inc. has a 52 week low of $27.62 and a 52 week high of $44.66. The company has a market capitalization of $4.95 billion, a P/E ratio of 22.21 and a beta of 0.82. The firm has a fifty day moving average of $34.57 and a two-hundred day moving average of $37.01.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The bank reported $0.43 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.43. First Financial Bankshares had a return on equity of 14.24% and a net margin of 29.69%. The company had revenue of $149.02 million during the quarter, compared to analysts' expectations of $149.48 million. As a group, equities analysts expect that First Financial Bankshares, Inc. will post 1.78 EPS for the current fiscal year.

First Financial Bankshares Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 16th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.19%. This is an increase from First Financial Bankshares's previous quarterly dividend of $0.18. The ex-dividend date is Monday, June 16th. First Financial Bankshares's payout ratio is 46.91%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on FFIN shares. Keefe, Bruyette & Woods dropped their target price on First Financial Bankshares from $38.00 to $36.00 and set a "market perform" rating on the stock in a research report on Monday, April 21st. Hovde Group lowered their price target on shares of 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.

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.