Garrett Wealth Advisory Group LLC Grows Holdings in First Financial Bankshares, Inc. (NASDAQ:FFIN)

Garrett Wealth Advisory Group LLC grew its stake in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) by 38.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 53,493 shares of the bank's stock after purchasing an additional 14,900 shares during the quarter. First Financial Bankshares makes up approximately 0.4% of Garrett Wealth Advisory Group LLC's investment portfolio, making the stock its 22nd largest position. Garrett Wealth Advisory Group LLC's holdings in First Financial Bankshares were worth $1,928,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Lindenwold Advisors INC increased its holdings in shares of First Financial Bankshares by 2.8% in the 3rd quarter. Lindenwold Advisors INC now owns 9,091 shares of the bank's stock valued at $336,000 after acquiring an additional 250 shares during the period. Kingsview Wealth Management LLC boosted its position in First Financial Bankshares by 1.2% in the fourth quarter. Kingsview Wealth Management LLC now owns 26,649 shares of the bank's stock valued at $961,000 after buying an additional 312 shares during the last quarter. US Bancorp DE increased its holdings in First Financial Bankshares by 7.4% in the 4th quarter. US Bancorp DE now owns 5,396 shares of the bank's stock worth $195,000 after buying an additional 370 shares during the period. Pacer Advisors Inc. raised its position in First Financial Bankshares by 2.3% during the 4th quarter. Pacer Advisors Inc. now owns 19,170 shares of the bank's stock worth $691,000 after buying an additional 432 shares during the last quarter. Finally, Ballentine Partners LLC lifted its stake in First Financial Bankshares by 3.9% during the 4th quarter. Ballentine Partners LLC now owns 12,665 shares of the bank's stock valued at $457,000 after acquiring an additional 475 shares during the period. 69.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods increased their price objective on shares of First Financial Bankshares from $40.00 to $41.00 and gave the stock a "market perform" rating in a research note on Monday, January 27th.

First Financial Bankshares Trading Up 1.2 %

Shares of FFIN stock opened at $37.66 on Monday. First Financial Bankshares, Inc. has a twelve month low of $27.62 and a twelve month high of $44.66. The stock has a market cap of $5.38 billion, a P/E ratio of 24.14 and a beta of 0.83. The stock has a 50 day moving average of $36.95 and a 200 day moving average of $37.72.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last posted its earnings results on Thursday, January 23rd. The bank reported $0.43 earnings per share for the quarter, beating 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%. On average, research analysts predict that First Financial Bankshares, Inc. will post 1.78 earnings per share for the current fiscal year.

First Financial Bankshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given a $0.18 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.91%. First Financial Bankshares's dividend payout ratio (DPR) is currently 46.15%.

Insider Transactions at First Financial Bankshares

In other news, CEO F Scott Dueser sold 25,000 shares of the company's stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $40.73, for a total transaction of $1,018,250.00. Following the completion of the transaction, the chief executive officer now directly owns 471,004 shares of the company's stock, valued at $19,183,992.92. This represents a 5.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate 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.

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