Price T Rowe Associates Inc. MD Has $3.36 Million Stock Position in First Financial Bankshares, Inc. (NASDAQ:FFIN)

Price T Rowe Associates Inc. MD grew its holdings in First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) by 10.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 93,162 shares of the bank's stock after purchasing an additional 8,989 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.07% of First Financial Bankshares worth $3,359,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in FFIN. Barclays PLC increased its holdings in shares of First Financial Bankshares by 83.0% in the third quarter. Barclays PLC now owns 289,468 shares of the bank's stock worth $10,714,000 after acquiring an additional 131,259 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of First Financial Bankshares by 39.6% in the third quarter. JPMorgan Chase & Co. now owns 461,726 shares of the bank's stock worth $17,088,000 after acquiring an additional 131,063 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of First Financial Bankshares in the fourth quarter worth about $603,000. Ballentine Partners LLC increased its holdings in shares of First Financial Bankshares by 3.9% in the fourth quarter. Ballentine Partners LLC now owns 12,665 shares of the bank's stock worth $457,000 after acquiring an additional 475 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of First Financial Bankshares by 1.8% in the fourth quarter. Blue Trust Inc. now owns 36,788 shares of the bank's stock worth $1,362,000 after acquiring an additional 665 shares in the last quarter. Institutional investors and hedge funds own 69.78% of the company's stock.

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, Director Johnny Trotter acquired 6,000 shares of First Financial Bankshares stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average price of $35.12 per share, for a total transaction of $210,720.00. Following 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last quarter, insiders have acquired 7,099 shares of company stock worth $247,751. Insiders own 4.22% of the company's stock.

First Financial Bankshares Stock Performance

NASDAQ FFIN traded down $0.18 during trading hours on Friday, hitting $34.67. 325,032 shares of the company traded hands, compared to its average volume of 546,337. First Financial Bankshares, Inc. has a twelve month low of $27.62 and a twelve month high of $44.66. The stock has a market capitalization of $4.96 billion, a price-to-earnings ratio of 22.22 and a beta of 0.89. The business's 50-day moving average is $34.28 and its 200-day moving average is $36.91.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The bank reported $0.43 earnings per share for the quarter, hitting the consensus estimate of $0.43. The business had revenue of $149.02 million during the quarter, compared to analysts' expectations of $149.48 million. First Financial Bankshares had a return on equity of 14.24% and a net margin of 29.69%. Analysts predict that First Financial Bankshares, Inc. will post 1.78 EPS for the current year.

First Financial Bankshares Increases Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Monday, June 16th. This is a boost from First Financial Bankshares's previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a yield of 2.19%. First Financial Bankshares's payout ratio is currently 46.91%.

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.