First Financial Bankshares, Inc. (NASDAQ:FFIN) Stock Holdings Increased by Price T Rowe Associates Inc. MD

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

Other hedge funds have also recently added to or reduced their stakes in 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 acquiring an additional 131,259 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of First Financial Bankshares by 39.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 461,726 shares of the bank's stock valued at $17,088,000 after purchasing an additional 131,063 shares during the period. Ameritas Advisory Services LLC purchased a new position in First Financial Bankshares in the 4th quarter worth about $603,000. Ballentine Partners LLC raised its holdings in First Financial Bankshares by 3.9% during the 4th quarter. Ballentine Partners LLC now owns 12,665 shares of the bank's stock worth $457,000 after buying an additional 475 shares during the period. Finally, Blue Trust Inc. lifted its stake in First Financial Bankshares by 1.8% during the fourth quarter. Blue Trust Inc. now owns 36,788 shares of the bank's stock valued at $1,362,000 after buying an additional 665 shares in the last quarter. Institutional investors and hedge funds own 69.78% of the company's stock.

First Financial Bankshares Price Performance

FFIN opened at $34.42 on Tuesday. The company has a market capitalization of $4.92 billion, a PE ratio of 22.06 and a beta of 0.82. First Financial Bankshares, Inc. has a fifty-two week low of $27.62 and a fifty-two week high of $44.66. The business has a 50-day moving average of $34.51 and a 200-day moving average of $36.98.

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 (EPS) for the quarter, hitting the consensus estimate of $0.43. First Financial Bankshares had a return on equity of 14.24% and a net margin of 29.69%. The company had revenue of $149.02 million during the quarter, compared to the consensus estimate of $149.48 million. On average, equities research analysts expect that First Financial Bankshares, Inc. will post 1.78 earnings per share for the current fiscal year.

First Financial Bankshares Increases Dividend

The firm also recently disclosed 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. The ex-dividend date is Monday, June 16th. This is a positive change from First Financial Bankshares's previous quarterly dividend of $0.18. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.21%. First Financial Bankshares's payout ratio is presently 46.91%.

Insider Activity at First Financial Bankshares

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

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on FFIN. Keefe, Bruyette & Woods cut their price target 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. Hovde Group decreased their price target on shares of 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.

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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