First Financial Bankshares, Inc. (NASDAQ:FFIN) Shares Acquired by Barclays PLC

Barclays PLC grew its stake in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) by 83.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 289,468 shares of the bank's stock after buying an additional 131,259 shares during the period. Barclays PLC owned 0.20% of First Financial Bankshares worth $10,714,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in FFIN. Intech Investment Management LLC acquired a new stake in First Financial Bankshares during the third quarter worth approximately $673,000. Bridges Investment Management Inc. purchased a new position in shares of First Financial Bankshares during the 2nd quarter worth $637,000. Bank of New York Mellon Corp boosted its holdings in shares of First Financial Bankshares by 1.1% during the second quarter. Bank of New York Mellon Corp now owns 1,375,856 shares of the bank's stock worth $40,629,000 after purchasing an additional 15,473 shares during the last quarter. State Street Corp grew its position 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 valued at $231,381,000 after purchasing an additional 281,166 shares during the period. Finally, Citigroup Inc. increased its stake in First Financial Bankshares by 27.0% in the third quarter. Citigroup Inc. now owns 250,553 shares of the bank's stock valued at $9,273,000 after purchasing an additional 53,195 shares during the last quarter. 69.78% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO F Scott Dueser sold 25,000 shares of First Financial Bankshares stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $40.73, for a total value of $1,018,250.00. Following the completion of the transaction, the chief executive officer now directly owns 471,004 shares in the company, valued at approximately $19,183,992.92. This trade represents a 5.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael B. Denny sold 7,000 shares of the business's stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $41.12, for a total value of $287,840.00. Following the completion of the sale, the director now owns 101,085 shares of the company's stock, valued at $4,156,615.20. This trade represents a 6.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 4.22% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on FFIN shares. Keefe, Bruyette & Woods raised their price target on First Financial Bankshares from $36.00 to $40.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 4th. Stephens boosted their target price on shares of First Financial Bankshares from $37.00 to $40.00 and gave the company an "equal weight" rating in a report on Friday, October 18th. Truist Financial increased their price target on shares of First Financial Bankshares from $39.00 to $40.00 and gave the stock a "hold" rating in a research note on Friday, September 20th. Finally, Hovde Group boosted their price objective on shares of First Financial Bankshares from $34.50 to $40.00 and gave the company a "market perform" rating in a research note on Monday, October 21st.

First Financial Bankshares Stock Performance

Shares of NASDAQ:FFIN traded down $1.66 during trading on Tuesday, reaching $39.20. 576,710 shares of the stock were exchanged, compared to its average volume of 533,395. First Financial Bankshares, Inc. has a 12-month low of $27.06 and a 12-month high of $44.66. The firm's 50-day moving average price is $39.64 and its 200 day moving average price is $35.84. The firm has a market cap of $5.60 billion, a price-to-earnings ratio of 27.03 and a beta of 0.81.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last released its quarterly earnings data on Thursday, October 17th. The bank reported $0.39 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.39. The company had revenue of $142.10 million during the quarter, compared to analyst estimates of $140.25 million. First Financial Bankshares had a net margin of 28.76% and a return on equity of 13.43%. As a group, equities research analysts forecast that First Financial Bankshares, Inc. will post 1.52 EPS for the current year.

First Financial Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.72 annualized dividend and a dividend yield of 1.84%. First Financial Bankshares's dividend payout ratio (DPR) is presently 49.66%.

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.