First Financial Bankshares, Inc. (NASDAQ:FFIN) Shares Bought by Natixis Advisors L.P.

Natixis Advisors L.P. grew its stake in First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) by 39.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 447,970 shares of the bank's stock after purchasing an additional 127,397 shares during the quarter. Natixis Advisors L.P. owned about 0.31% of First Financial Bankshares worth $13,573,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC grew its stake in First Financial Bankshares by 1.4% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,615,353 shares of the bank's stock worth $90,818,000 after purchasing an additional 50,774 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of First Financial Bankshares by 58.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 304,771 shares of the bank's stock worth $7,656,000 after acquiring an additional 112,773 shares in the last quarter. Swiss National Bank lifted its position in First Financial Bankshares by 1.0% during the 3rd quarter. Swiss National Bank now owns 298,100 shares of the bank's stock valued at $7,488,000 after acquiring an additional 3,000 shares during the period. Mutual of America Capital Management LLC lifted its position in First Financial Bankshares by 16.7% during the 4th quarter. Mutual of America Capital Management LLC now owns 267,376 shares of the bank's stock valued at $8,101,000 after acquiring an additional 38,258 shares during the period. Finally, CFM Wealth Partners LLC boosted its stake in First Financial Bankshares by 1.2% during the fourth quarter. CFM Wealth Partners LLC now owns 190,943 shares of the bank's stock worth $5,786,000 after acquiring an additional 2,196 shares in the last quarter. 69.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on FFIN shares. Keefe, Bruyette & Woods lifted their target price on shares of First Financial Bankshares from $30.00 to $31.00 and gave the company a "market perform" rating in a report on Friday, January 26th. Stephens lowered their price objective on First Financial Bankshares from $35.00 to $31.00 and set an "equal weight" rating for the company in a research note on Friday, April 19th. Finally, Truist Financial dropped their target price on First Financial Bankshares from $34.00 to $32.00 and set a "hold" rating on the stock in a report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $31.33.

First Financial Bankshares Stock Down 0.7 %

Shares of NASDAQ FFIN traded down $0.21 during midday trading on Wednesday, hitting $30.87. The stock had a trading volume of 288,048 shares, compared to its average volume of 499,125. The business's 50 day moving average is $30.89 and its 200-day moving average is $29.44. First Financial Bankshares, Inc. has a 52 week low of $22.84 and a 52 week high of $33.15. The company has a market cap of $4.41 billion, a P/E ratio of 22.05 and a beta of 0.83.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The bank reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.35 by $0.02. The company had revenue of $129.63 million during the quarter, compared to analyst estimates of $129.72 million. First Financial Bankshares had a net margin of 30.03% and a return on equity of 14.28%. The firm's revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.39 EPS. As a group, analysts expect that First Financial Bankshares, Inc. will post 1.47 EPS for the current fiscal year.

First Financial Bankshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be given a dividend of $0.18 per share. The ex-dividend date is Friday, June 14th. This represents a $0.72 annualized dividend and a dividend yield of 2.33%. First Financial Bankshares's dividend payout ratio (DPR) is presently 51.43%.

Insider Buying and Selling

In related news, Director Johnny Trotter bought 1,500 shares of the stock in a transaction on Thursday, April 25th. The shares were acquired at an average price of $30.22 per share, for a total transaction of $45,330.00. Following the purchase, the director now owns 940,371 shares of the company's stock, valued at $28,418,011.62. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In the last ninety days, insiders acquired 3,943 shares of company stock worth $119,986. 4.22% of the stock is owned by corporate 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.