Natixis Advisors LLC Has $21.82 Million Position in First Financial Bankshares, Inc. (NASDAQ:FFIN)

Natixis Advisors LLC lowered its stake in First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 605,269 shares of the bank's stock after selling 8,112 shares during the quarter. Natixis Advisors LLC owned about 0.42% of First Financial Bankshares worth $21,820,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in FFIN. Assetmark Inc. acquired a new position in shares of First Financial Bankshares during the 4th quarter valued at $33,000. Huntington National Bank grew its holdings in First Financial Bankshares by 32.2% during the third quarter. Huntington National Bank now owns 2,369 shares of the bank's stock worth $88,000 after acquiring an additional 577 shares during the period. R Squared Ltd bought a new stake in First Financial Bankshares in the fourth quarter worth about $88,000. US Bancorp DE lifted 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 valued at $195,000 after acquiring an additional 370 shares during the last quarter. Finally, KBC Group NV boosted its position in shares of First Financial Bankshares by 50.5% during the 4th quarter. KBC Group NV now owns 5,422 shares of the bank's stock valued at $195,000 after purchasing an additional 1,819 shares in the last quarter. 69.78% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods increased their target price 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.

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First Financial Bankshares Stock Up 0.1 %

Shares of NASDAQ FFIN traded up $0.05 during mid-day trading on Friday, hitting $35.70. 1,563,201 shares of the company traded hands, compared to its average volume of 496,240. The business has a 50 day moving average of $36.88 and a two-hundred day moving average of $37.70. The stock has a market capitalization of $5.10 billion, a price-to-earnings ratio of 22.88 and a beta of 0.78. First Financial Bankshares, Inc. has a 1 year low of $27.62 and a 1 year high of $44.66.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The bank reported $0.43 EPS for the quarter, beating analysts' consensus estimates 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, research analysts anticipate that First Financial Bankshares, Inc. will post 1.78 EPS for the current year.

First Financial Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date is Friday, March 14th. First Financial Bankshares's dividend payout ratio is 46.15%.

Insiders Place Their Bets

In other First Financial Bankshares news, Director Johnny Trotter bought 6,000 shares of First Financial Bankshares stock in a transaction dated Wednesday, March 12th. The stock was bought at an average price of $35.12 per share, for a total transaction of $210,720.00. Following the completion of the acquisition, the director now directly owns 949,371 shares of the company's stock, valued at approximately $33,341,909.52. This trade represents a 0.64 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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.