First Financial Bankshares, Inc. (NASDAQ:FFIN) Shares Bought by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC lifted its position in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) by 164.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,944 shares of the bank's stock after purchasing an additional 9,290 shares during the period. Tower Research Capital LLC TRC's holdings in First Financial Bankshares were worth $539,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in FFIN. Assetmark Inc. acquired a new position in First Financial Bankshares in the 4th quarter worth $33,000. R Squared Ltd acquired a new position in shares of First Financial Bankshares in the fourth quarter worth about $88,000. Harvest Fund Management Co. Ltd lifted its stake in shares of 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. US Bancorp DE boosted its holdings 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 purchasing an additional 370 shares during the last quarter. Finally, KBC Group NV grew its stake in First Financial Bankshares by 50.5% during the 4th quarter. KBC Group NV now owns 5,422 shares of the bank's stock valued at $195,000 after purchasing an additional 1,819 shares in the last quarter. 69.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at First Financial Bankshares

In related news, Director Johnny Trotter purchased 6,000 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average price of $35.12 per share, with a total value of $210,720.00. Following the acquisition, the director now owns 949,371 shares in the company, valued at approximately $33,341,909.52. This trade represents a 0.64 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders purchased a total of 7,099 shares of company stock worth $247,751 over the last ninety days. Company insiders own 4.22% of the company's stock.

First Financial Bankshares Price Performance

Shares of FFIN stock traded up $0.88 on Friday, hitting $34.65. 491,776 shares of the stock traded hands, compared to its average volume of 545,698. The company's fifty day moving average is $34.57 and its 200 day moving average is $37.01. First Financial Bankshares, Inc. has a 1-year low of $27.62 and a 1-year high of $44.66. The company 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 issued its earnings results on Thursday, April 17th. The bank reported $0.43 earnings per share for the quarter, hitting 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 company had revenue of $149.02 million for the quarter, compared to analysts' expectations of $149.48 million. As a group, equities research analysts expect that First Financial Bankshares, Inc. will post 1.78 EPS for the current year.

First Financial Bankshares Increases Dividend

The firm also recently announced 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 represents a $0.76 dividend on an annualized basis and a yield of 2.19%. This is a boost from First Financial Bankshares's previous quarterly dividend of $0.18. First Financial Bankshares's dividend payout ratio (DPR) is currently 46.91%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Keefe, Bruyette & Woods cut their target price on First Financial Bankshares from $38.00 to $36.00 and set a "market perform" rating on the stock in a research report on Monday, April 21st. Hovde Group cut their price target on shares of 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.

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.