First Trust Advisors LP Has $9.24 Million Stock Holdings in First Financial Bankshares, Inc. (NASDAQ:FFIN)

First Trust Advisors LP grew its position in First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) by 14.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 256,253 shares of the bank's stock after purchasing an additional 32,690 shares during the period. First Trust Advisors LP owned approximately 0.18% of First Financial Bankshares worth $9,238,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Canada Pension Plan Investment Board acquired a new stake in First Financial Bankshares in the fourth quarter worth about $887,000. NewEdge Advisors LLC lifted its stake in shares of First Financial Bankshares by 5.8% in the 4th quarter. NewEdge Advisors LLC now owns 10,097 shares of the bank's stock worth $364,000 after acquiring an additional 551 shares during the period. Ontario Teachers Pension Plan Board boosted its holdings in shares of First Financial Bankshares by 40.2% in the fourth quarter. Ontario Teachers Pension Plan Board now owns 19,454 shares of the bank's stock valued at $701,000 after acquiring an additional 5,581 shares in the last quarter. Barclays PLC increased its stake in shares of First Financial Bankshares by 16.2% during the fourth quarter. Barclays PLC now owns 336,317 shares of the bank's stock valued at $12,124,000 after acquiring an additional 46,849 shares during the period. Finally, Rockefeller Capital Management L.P. raised its holdings in First Financial Bankshares by 4.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 12,616 shares of the bank's stock worth $455,000 after purchasing an additional 495 shares in the last quarter. Institutional investors and hedge funds own 69.78% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Keefe, Bruyette & Woods decreased their price target on 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. Hovde Group decreased their target price on 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.

Insider Activity

In other news, Director Johnny Trotter bought 6,000 shares of the business's stock in a transaction on Wednesday, March 12th. The shares were bought at an average cost of $35.12 per share, with a total value of $210,720.00. Following the purchase, the director now directly owns 949,371 shares in the company, valued at $33,341,909.52. This trade represents a 0.64 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have bought 7,099 shares of company stock worth $247,751 over the last 90 days. 4.22% of the stock is owned by company insiders.

First Financial Bankshares Price Performance

Shares of NASDAQ:FFIN traded up $0.88 on Friday, reaching $34.65. 491,776 shares of the company traded hands, compared to its average volume of 545,698. First Financial Bankshares, Inc. has a fifty-two week low of $27.62 and a fifty-two week high of $44.66. The company's 50 day moving average is $34.57 and its 200-day moving average is $37.01. The stock has a market capitalization of $4.95 billion, a PE ratio of 22.21 and a beta of 0.82.

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. The business had revenue of $149.02 million during the quarter, compared to the consensus estimate of $149.48 million. First Financial Bankshares had a return on equity of 14.24% and a net margin of 29.69%. As a group, analysts expect that First Financial Bankshares, Inc. will post 1.78 EPS 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 given 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 dividend yield of 2.19%. The ex-dividend date of this dividend is Monday, June 16th. First Financial Bankshares's dividend payout ratio (DPR) is 46.91%.

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.