Barclays PLC Acquires 46,849 Shares of First Financial Bankshares, Inc. (NASDAQ:FFIN)

Barclays PLC increased its position in First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) by 16.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 336,317 shares of the bank's stock after acquiring an additional 46,849 shares during the period. Barclays PLC owned approximately 0.24% of First Financial Bankshares worth $12,124,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in FFIN. Assetmark Inc. bought a new stake in First Financial Bankshares during the fourth quarter worth approximately $33,000. R Squared Ltd acquired a new stake in First Financial Bankshares during the fourth quarter valued at approximately $88,000. Harvest Fund Management Co. Ltd boosted its stake in shares of First Financial Bankshares by 1,497.0% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 3,242 shares of the bank's stock valued at $118,000 after purchasing an additional 3,039 shares in the last quarter. KBC Group NV boosted its position in First Financial Bankshares by 50.5% in the fourth quarter. KBC Group NV now owns 5,422 shares of the bank's stock valued at $195,000 after buying an additional 1,819 shares in the last quarter. Finally, US Bancorp DE grew its position 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 acquiring an additional 370 shares during the last quarter. Institutional investors own 69.78% of the company's stock.

Wall Street Analysts Forecast Growth

FFIN has been the subject of several recent research reports. Hovde Group dropped their target price on shares of First Financial Bankshares from $40.00 to $38.00 and set a "market perform" rating for the company in a research report on Monday. Keefe, Bruyette & Woods cut their price target on First Financial Bankshares from $38.00 to $36.00 and set a "market perform" rating on the stock in a report on Monday.

First Financial Bankshares Stock Down 1.2 %

FFIN traded down $0.40 during midday trading on Friday, hitting $33.38. 185,314 shares of the company were exchanged, compared to its average volume of 542,889. The firm's 50 day moving average price is $34.97 and its 200-day moving average price is $37.16. First Financial Bankshares, Inc. has a 1-year low of $27.62 and a 1-year high of $44.66. The firm has a market capitalization of $4.77 billion, a P/E ratio of 21.33 and a beta of 0.82.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last posted 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 analyst estimates of $149.48 million. On average, sell-side analysts predict that First Financial Bankshares, Inc. will post 1.78 earnings per share for the current fiscal year.

First Financial Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were paid a dividend of $0.18 per share. The ex-dividend date was Friday, March 14th. This represents a $0.72 annualized dividend and a yield of 2.16%. First Financial Bankshares's dividend payout ratio is currently 44.44%.

Insider Transactions at First Financial Bankshares

In other news, Director Johnny Trotter acquired 6,000 shares of the firm's stock in a transaction on Wednesday, March 12th. The shares were purchased at an average price of $35.12 per share, for a total transaction of $210,720.00. Following the completion of the transaction, the director now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have purchased 7,041 shares of company stock valued at $247,992 in the last quarter. Insiders own 4.22% of the company's stock.

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.