7,600 Shares in First Financial Bankshares, Inc. (NASDAQ:FFIN) Purchased by OMERS ADMINISTRATION Corp

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

A number of other institutional investors have also recently made changes to their positions in the business. Occudo Quantitative Strategies LP purchased a new position in First Financial Bankshares in the fourth quarter worth approximately $929,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in First Financial Bankshares by 4.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,092 shares of the bank's stock valued at $2,671,000 after buying an additional 2,894 shares in the last quarter. Jefferies Financial Group Inc. purchased a new position in shares of First Financial Bankshares during the fourth quarter worth about $835,000. Ensign Peak Advisors Inc lifted its position in shares of First Financial Bankshares by 14.3% during the 4th quarter. Ensign Peak Advisors Inc now owns 52,822 shares of the bank's stock valued at $1,904,000 after acquiring an additional 6,590 shares during the period. Finally, Cubist Systematic Strategies LLC increased its stake in First Financial Bankshares by 1,719.8% in the fourth quarter. Cubist Systematic Strategies LLC now owns 209,498 shares of the bank's stock valued at $7,552,000 after purchasing an additional 197,986 shares during the last quarter. Institutional investors and hedge funds own 69.78% of the company's stock.

Analysts Set New Price Targets

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

First Financial Bankshares Stock Down 0.8%

FFIN stock traded down $0.26 during midday trading on Friday, reaching $34.21. The company's stock had a trading volume of 425,120 shares, compared to its average volume of 546,559. The business's 50-day simple moving average is $34.23 and its 200-day simple moving average is $36.77. The stock has a market cap of $4.89 billion, a PE ratio of 21.93 and a beta of 0.89. First Financial Bankshares, Inc. has a 52 week low of $27.62 and a 52 week high of $44.66.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The bank reported $0.43 earnings per share for the quarter, hitting the consensus estimate of $0.43. The company had revenue of $149.02 million for the quarter, compared to analyst estimates of $149.48 million. First Financial Bankshares had a net margin of 29.69% and a return on equity of 14.24%. As a group, equities analysts forecast 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 declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 16th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 2.22%. This is a boost from First Financial Bankshares's previous quarterly dividend of $0.18. The ex-dividend date is Monday, June 16th. First Financial Bankshares's dividend payout ratio (DPR) is presently 46.91%.

Insiders Place Their Bets

In other news, Director Johnny Trotter bought 6,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average price of $35.12 per share, with a total value of $210,720.00. Following the acquisition, the director now 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 acquisition was disclosed in a legal filing with the SEC, which is available through this link. Over the last ninety days, insiders purchased 7,099 shares of company stock worth $247,751. 3.96% of the stock is currently owned by company insiders.

First Financial Bankshares 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.