ProShare Advisors LLC Buys 12,472 Shares of First Financial Bankshares, Inc. (NASDAQ:FFIN)

ProShare Advisors LLC raised its position in First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) by 41.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 42,667 shares of the bank's stock after purchasing an additional 12,472 shares during the period. ProShare Advisors LLC's holdings in First Financial Bankshares were worth $1,538,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Assetmark Inc. acquired a new position in shares of First Financial Bankshares during the 4th quarter valued at $33,000. R Squared Ltd acquired a new position in First Financial Bankshares during the 4th quarter worth approximately $88,000. Harvest Fund Management Co. Ltd boosted its holdings in First Financial Bankshares by 1,497.0% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 3,242 shares of the bank's stock worth $118,000 after acquiring an additional 3,039 shares in the last quarter. KBC Group NV boosted its holdings in First Financial Bankshares by 50.5% in the fourth quarter. KBC Group NV now owns 5,422 shares of the bank's stock worth $195,000 after acquiring an additional 1,819 shares in the last quarter. Finally, US Bancorp DE grew its stake in First Financial Bankshares by 7.4% in the fourth quarter. US Bancorp DE now owns 5,396 shares of the bank's stock valued at $195,000 after acquiring an additional 370 shares during the period. Institutional investors and hedge funds own 69.78% of the company's stock.

Insider Transactions at First Financial Bankshares

In other news, Director Johnny Trotter bought 6,000 shares of First Financial Bankshares stock in a transaction dated 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 purchase, the director now directly owns 949,371 shares in the company, valued at $33,341,909.52. The trade was a 0.64% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders bought a total of 7,099 shares of company stock worth $247,751 in the last quarter. 3.96% of the stock is currently owned by corporate insiders.

First Financial Bankshares Stock Performance

Shares of First Financial Bankshares stock traded down $0.26 during trading hours 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. First Financial Bankshares, Inc. has a one year low of $27.62 and a one year high of $44.66. The company has a market capitalization of $4.89 billion, a P/E ratio of 21.93 and a beta of 0.89. The stock's fifty day simple moving average is $34.23 and its two-hundred day simple moving average is $36.84.

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, meeting analysts' consensus estimates of $0.43. First Financial Bankshares had a net margin of 29.69% and a return on equity of 14.24%. The firm had revenue of $149.02 million for the quarter, compared to analyst estimates of $149.48 million. As a group, research 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. Stockholders of record on Monday, June 16th will be paid a $0.19 dividend. This is a positive change from First Financial Bankshares's previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.76 annualized dividend and a dividend yield of 2.22%. First Financial Bankshares's dividend payout ratio is presently 46.91%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on FFIN shares. Hovde Group cut their target price on 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 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.