First Financial Bankshares, Inc. (NASDAQ:FFIN) Shares Purchased by HighTower Advisors LLC

HighTower Advisors LLC lifted its stake in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 1.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 62,094 shares of the bank’s stock after purchasing an additional 749 shares during the quarter. HighTower Advisors LLC’s holdings in First Financial Bankshares were worth $2,239,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Assetmark Inc. acquired a new position in shares of First Financial Bankshares in the 4th quarter worth approximately $33,000. R Squared Ltd acquired a new position in shares of First Financial Bankshares in the 4th quarter worth approximately $88,000. KBC Group NV lifted its holdings in shares of First Financial Bankshares by 50.5% in the 4th quarter. KBC Group NV now owns 5,422 shares of the bank’s stock worth $195,000 after acquiring an additional 1,819 shares during the last quarter. US Bancorp DE increased its stake in First Financial Bankshares by 7.4% during the 4th quarter. US Bancorp DE now owns 5,396 shares of the bank’s stock worth $195,000 after buying an additional 370 shares during the period. Finally, Captrust Financial Advisors purchased a new stake in First Financial Bankshares during the 3rd quarter worth approximately $205,000. 69.78% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods upped their target price on shares of First Financial Bankshares from $40.00 to $41.00 and gave the stock a “market perform” rating in a research note on Monday, January 27th.

First Financial Bankshares Stock Up 0.1 %

Shares of FFIN opened at $35.70 on Friday. First Financial Bankshares, Inc. has a fifty-two week low of $27.62 and a fifty-two week high of $44.66. The firm’s 50 day moving average price is $36.90 and its 200 day moving average price is $37.71. The company has a market cap of $5.10 billion, a P/E ratio of 22.88 and a beta of 0.78.

First Financial Bankshares (NASDAQ:FFIN) last announced its quarterly earnings data on Thursday, January 23rd. The bank reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. First Financial Bankshares had a net margin of 29.69% and a return on equity of 14.24%. Research analysts forecast that First Financial Bankshares, Inc. will post 1.78 earnings per share for the current year.

First Financial Bankshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date is Friday, March 14th. First Financial Bankshares’s dividend payout ratio (DPR) is 46.15%.

Insiders Place Their Bets

In other First Financial Bankshares news, Director Johnny Trotter purchased 6,000 shares of the firm’s stock in a transaction on Wednesday, March 12th. The stock was bought at an average cost of $35.12 per share, with a total value of $210,720.00. Following the acquisition, the director now directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.22% of the stock is owned by company insiders.

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.