Intech Investment Management LLC Raises Position in First Financial Bankshares, Inc. (NASDAQ:FFIN)

Intech Investment Management LLC boosted its holdings in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) by 152.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,911 shares of the bank's stock after acquiring an additional 27,729 shares during the period. Intech Investment Management LLC's holdings in First Financial Bankshares were worth $1,655,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. State Street Corp increased its holdings 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 last quarter. Champlain Investment Partners LLC increased its stake in shares of First Financial Bankshares by 6.8% in the 3rd quarter. Champlain Investment Partners LLC now owns 3,516,329 shares of the bank's stock worth $130,139,000 after acquiring an additional 223,640 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of First Financial Bankshares by 8.0% during the 3rd quarter. Geode Capital Management LLC now owns 3,361,921 shares of the bank's stock valued at $124,446,000 after acquiring an additional 249,011 shares during the last quarter. Strategic Financial Concepts LLC grew its holdings in shares of First Financial Bankshares by 3,508.3% in the fourth quarter. Strategic Financial Concepts LLC now owns 2,807,834 shares of the bank's stock valued at $101,222,000 after purchasing an additional 2,730,017 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in First Financial Bankshares by 0.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,705,788 shares of the bank's stock worth $61,494,000 after purchasing an additional 4,608 shares during the last quarter. Institutional investors and hedge funds own 69.78% of the company's stock.

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Analyst Ratings Changes

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

Insider Transactions at First Financial Bankshares

In other news, Director Johnny Trotter bought 6,000 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average cost of $35.12 per share, for a total transaction of $210,720.00. Following 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 position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 4.22% of the company's stock.

First Financial Bankshares Stock Performance

Shares of NASDAQ FFIN traded up $0.15 during mid-day trading on Wednesday, reaching $36.65. 344,121 shares of the company's stock were exchanged, compared to its average volume of 496,406. The company's 50-day moving average is $36.95 and its 200-day moving average is $37.74. The firm has a market capitalization of $5.24 billion, a price-to-earnings ratio of 23.49 and a beta of 0.78. First Financial Bankshares, Inc. has a 52-week low of $27.62 and a 52-week high of $44.66.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last announced its 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%. As a group, equities 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 declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date is Friday, March 14th. First Financial Bankshares's dividend payout ratio (DPR) is 46.15%.

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.