Royce & Associates LP Boosts Stock Holdings in First Financial Bankshares, Inc. (NASDAQ:FFIN)

Royce & Associates LP grew its position in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 45.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 185,141 shares of the bank’s stock after acquiring an additional 58,124 shares during the quarter. Royce & Associates LP owned 0.13% of First Financial Bankshares worth $6,674,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. State Street Corp grew its stake in shares of First Financial Bankshares by 4.7% in the 3rd quarter. State Street Corp now owns 6,222,092 shares of the bank’s stock worth $231,381,000 after buying an additional 281,166 shares in the last quarter. Champlain Investment Partners LLC increased its stake in First Financial Bankshares by 6.8% during the third quarter. Champlain Investment Partners LLC now owns 3,516,329 shares of the bank’s stock worth $130,139,000 after acquiring an additional 223,640 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of First Financial Bankshares by 8.0% in the 3rd quarter. Geode Capital Management LLC now owns 3,361,921 shares of the bank’s stock valued at $124,446,000 after purchasing an additional 249,011 shares during the last quarter. Strategic Financial Concepts LLC boosted its holdings in shares of First Financial Bankshares by 3,508.3% in the 4th quarter. Strategic Financial Concepts LLC now owns 2,807,834 shares of the bank’s stock worth $101,222,000 after purchasing an additional 2,730,017 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of First Financial Bankshares by 0.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,705,788 shares of the bank’s stock valued at $61,494,000 after purchasing an additional 4,608 shares during the last quarter. Institutional investors own 69.78% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, Director Johnny Trotter acquired 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average price of $35.12 per share, for a total transaction of $210,720.00. Following the acquisition, the director now directly owns 949,371 shares of the company’s stock, valued at $33,341,909.52. This represents a 0.64 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 4.22% of the company’s stock.

First Financial Bankshares Price Performance

Shares of NASDAQ FFIN opened at $35.60 on Wednesday. First Financial Bankshares, Inc. has a 1 year low of $27.62 and a 1 year high of $44.66. The firm has a 50-day simple moving average of $36.89 and a two-hundred day simple moving average of $37.73. The company has a market cap of $5.09 billion, a P/E ratio of 22.82 and a beta of 0.78.

First Financial Bankshares (NASDAQ:FFIN) last issued its quarterly earnings results on Thursday, January 23rd. The bank reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.03. First Financial Bankshares had a return on equity of 14.24% and a net margin of 29.69%. As a group, equities research analysts expect that First Financial Bankshares, Inc. will post 1.78 EPS for the current year.

First Financial Bankshares Announces Dividend

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

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.