First Financial Bankshares, Inc. (NASDAQ:FFIN) Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas grew its holdings in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) by 61.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 44,490 shares of the bank's stock after buying an additional 17,006 shares during the quarter. Teacher Retirement System of Texas' holdings in First Financial Bankshares were worth $1,604,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of FFIN. Assetmark Inc. bought a new position in First Financial Bankshares in the 4th quarter valued at $33,000. R Squared Ltd purchased a new stake in shares of First Financial Bankshares during the fourth quarter valued at $88,000. Harvest Fund Management Co. Ltd grew its holdings 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 purchasing an additional 3,039 shares during the last quarter. KBC Group NV increased its stake in 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 buying an additional 1,819 shares during the period. Finally, US Bancorp DE lifted its holdings in First Financial Bankshares by 7.4% during the 4th quarter. US Bancorp DE now owns 5,396 shares of the bank's stock valued at $195,000 after buying an additional 370 shares in the last quarter. 69.78% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods raised 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 report on Monday, January 27th.

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Insider Activity

In related news, Director Johnny Trotter acquired 6,000 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The shares were bought at an average price of $35.12 per share, with a total value of $210,720.00. Following the completion of the transaction, the director now directly owns 949,371 shares in the company, valued at $33,341,909.52. This trade represents a 0.64 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 4.22% of the company's stock.

First Financial Bankshares Stock Up 0.2 %

Shares of FFIN stock traded up $0.06 on Wednesday, hitting $35.75. The stock had a trading volume of 545,627 shares, compared to its average volume of 532,099. First Financial Bankshares, Inc. has a one year low of $27.62 and a one year high of $44.66. The business has a 50 day moving average price of $36.82 and a 200 day moving average price of $37.73. The company has a market cap of $5.11 billion, a PE ratio of 22.92 and a beta of 0.78.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last announced 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 net margin of 29.69% and a return on equity of 14.24%. 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 was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were given 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 2.01%. First Financial Bankshares's dividend payout ratio (DPR) is presently 46.15%.

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.