OMERS ADMINISTRATION Corp Makes New $274,000 Investment in First Financial Bankshares, Inc. (NASDAQ:FFIN)

OMERS ADMINISTRATION Corp acquired a new position in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,600 shares of the bank's stock, valued at approximately $274,000.

Other large investors also recently modified their holdings of the company. Barclays PLC boosted its stake in shares of First Financial Bankshares by 83.0% during the 3rd quarter. Barclays PLC now owns 289,468 shares of the bank's stock worth $10,714,000 after buying an additional 131,259 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of First Financial Bankshares during the 4th quarter worth about $402,000. Atria Wealth Solutions Inc. boosted its stake in shares of First Financial Bankshares by 26.4% during the 4th quarter. Atria Wealth Solutions Inc. now owns 43,335 shares of the bank's stock worth $1,567,000 after buying an additional 9,056 shares during the last quarter. Van ECK Associates Corp acquired a new position in shares of First Financial Bankshares during the 4th quarter worth about $3,504,000. Finally, Garrett Wealth Advisory Group LLC boosted its stake in shares of First Financial Bankshares by 38.6% during the 4th quarter. Garrett Wealth Advisory Group LLC now owns 53,493 shares of the bank's stock worth $1,928,000 after buying an additional 14,900 shares during the last quarter. 69.78% of the stock is currently owned by institutional investors and hedge funds.

First Financial Bankshares Stock Performance

Shares of NASDAQ:FFIN opened at $35.87 on Tuesday. 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 $5.13 billion, a P/E ratio of 22.99 and a beta of 0.89. The company has a 50-day simple moving average of $34.29 and a 200 day simple moving average of $36.89.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last issued its earnings results on Thursday, April 17th. The bank reported $0.43 earnings per share (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 business had revenue of $149.02 million during the quarter, compared to the consensus estimate of $149.48 million. As a group, equities analysts forecast that First Financial Bankshares, Inc. will post 1.78 earnings per share for the current year.

First Financial Bankshares Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 16th will be paid a $0.19 dividend. This is an increase from First Financial Bankshares's previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend is Monday, June 16th. First Financial Bankshares's dividend payout ratio (DPR) is 46.91%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on FFIN. Hovde Group reduced their price objective on shares of First Financial Bankshares from $40.00 to $38.00 and set a "market perform" rating for the company in a research note on Monday, April 21st. Keefe, Bruyette & Woods reduced their price objective on shares of First Financial Bankshares from $38.00 to $36.00 and set a "market perform" rating for the company in a research note on Monday, April 21st.

Insiders Place Their Bets

In related news, Director Johnny Trotter acquired 6,000 shares of the business's stock in a transaction on Wednesday, March 12th. The stock was purchased at an average cost 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 approximately $33,341,909.52. The trade was a 0.64% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders purchased 7,099 shares of company stock worth $247,751 over the last three months. Insiders own 4.22% of the company's stock.

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.

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