New Age Alpha Advisors LLC Acquires New Position in First Financial Bankshares, Inc. (NASDAQ:FFIN)

New Age Alpha Advisors LLC purchased a new position in First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 11,459 shares of the bank's stock, valued at approximately $413,000.

A number of other institutional investors also recently bought and sold shares of FFIN. Strategic Financial Concepts LLC raised its holdings in shares of First Financial Bankshares by 3,508.3% during the fourth 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 last quarter. Norges Bank acquired a new position in shares of First Financial Bankshares in the 4th quarter valued at about $47,757,000. State Street Corp boosted its stake in shares of First Financial Bankshares by 4.7% in the third 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 during the last quarter. Geode Capital Management LLC grew its holdings in First Financial Bankshares by 8.0% during the third quarter. Geode Capital Management LLC now owns 3,361,921 shares of the bank's stock worth $124,446,000 after acquiring an additional 249,011 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in First Financial Bankshares during the fourth quarter worth about $8,341,000. 69.78% of the stock is owned by hedge funds and other institutional investors.

First Financial Bankshares Trading Down 2.5 %

FFIN traded down $0.83 during trading on Friday, hitting $32.17. The company's stock had a trading volume of 915,753 shares, compared to its average volume of 536,391. The firm has a market capitalization of $4.60 billion, a price-to-earnings ratio of 20.62 and a beta of 0.82. First Financial Bankshares, Inc. has a twelve month low of $27.62 and a twelve month high of $44.66. The business's fifty day simple moving average is $36.63 and its 200 day simple moving average is $37.66.

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

First Financial Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date was Friday, March 14th. First Financial Bankshares's dividend payout ratio is presently 46.15%.

Insider Activity at First Financial Bankshares

In other news, Director Johnny Trotter bought 6,000 shares of First Financial Bankshares stock in a transaction on 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 acquisition, the director now directly owns 949,371 shares of the company's stock, valued at $33,341,909.52. The trade was a 0.64 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 4.22% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods lifted their target price on shares of First Financial Bankshares from $40.00 to $41.00 and gave the company a "market perform" rating in a report on Monday, January 27th.

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.