7,704 Shares in First Financial Bankshares, Inc. (NASDAQ:FFIN) Purchased by GTS Securities LLC

GTS Securities LLC bought a new stake in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 7,704 shares of the bank's stock, valued at approximately $278,000.

Other institutional investors also recently modified their holdings of the company. Strategic Financial Concepts LLC raised its holdings in First Financial Bankshares by 3,508.3% during the fourth quarter. Strategic Financial Concepts LLC now owns 2,807,834 shares of the bank's stock worth $101,222,000 after buying an additional 2,730,017 shares during the last quarter. Norges Bank acquired a new position in First Financial Bankshares during the fourth quarter worth $47,757,000. Axiom Investors LLC DE acquired a new position in First Financial Bankshares during the fourth quarter worth $16,937,000. Raymond James Financial Inc. acquired a new position in First Financial Bankshares during the fourth quarter worth $8,341,000. Finally, JPMorgan Chase & Co. raised its holdings in First Financial Bankshares by 48.9% during the fourth quarter. JPMorgan Chase & Co. now owns 687,300 shares of the bank's stock worth $24,777,000 after buying an additional 225,574 shares during the last quarter. Institutional investors and hedge funds own 69.78% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on FFIN shares. Hovde Group lowered their price objective on shares of First Financial Bankshares from $40.00 to $38.00 and set a "market perform" rating on the stock in a report on Monday, April 21st. Keefe, Bruyette & Woods lowered their price objective on shares of First Financial Bankshares from $38.00 to $36.00 and set a "market perform" rating on the stock in a report on Monday, April 21st.

First Financial Bankshares Price Performance

Shares of FFIN stock traded down $0.02 on Friday, hitting $35.36. The stock had a trading volume of 955,209 shares, compared to its average volume of 548,903. The business has a 50 day moving average of $34.12 and a 200 day moving average of $36.60. The stock has a market cap of $5.06 billion, a price-to-earnings ratio of 22.67 and a beta of 0.89. 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 announced its earnings results on Thursday, April 17th. The bank reported $0.43 EPS for the quarter, meeting the consensus estimate of $0.43. First Financial Bankshares had a net margin of 29.69% and a return on equity of 14.24%. The company had revenue of $149.02 million during the quarter, compared to the consensus estimate of $149.48 million. As a group, research analysts expect that First Financial Bankshares, Inc. will post 1.78 earnings per share for the current fiscal year.

First Financial Bankshares Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 16th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend is Monday, June 16th. This is an increase from First Financial Bankshares's previous quarterly dividend of $0.18. First Financial Bankshares's dividend payout ratio (DPR) is 46.91%.

Insider Buying and Selling

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 stock was purchased at an average price of $35.12 per share, for a total transaction of $210,720.00. Following the completion of the transaction, the director now directly owns 949,371 shares of the company's stock, valued at $33,341,909.52. This trade represents a 0.64% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders purchased 7,399 shares of company stock worth $258,266. Insiders own 4.22% of the company's stock.

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.