231,361 Shares in First Financial Bankshares, Inc. (NASDAQ:FFIN) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new stake in First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 231,361 shares of the bank's stock, valued at approximately $8,341,000. Raymond James Financial Inc. owned approximately 0.16% of First Financial Bankshares at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bank of Montreal Can lifted its stake in First Financial Bankshares by 11.0% in the 4th quarter. Bank of Montreal Can now owns 17,724 shares of the bank's stock valued at $639,000 after acquiring an additional 1,753 shares in the last quarter. Federated Hermes Inc. raised its holdings in shares of First Financial Bankshares by 2.3% in the fourth quarter. Federated Hermes Inc. now owns 13,313 shares of the bank's stock valued at $480,000 after purchasing an additional 295 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of First Financial Bankshares by 16.0% in the fourth quarter. Russell Investments Group Ltd. now owns 7,630 shares of the bank's stock worth $275,000 after purchasing an additional 1,054 shares in the last quarter. Axiom Investors LLC DE acquired a new position in First Financial Bankshares during the fourth quarter worth $16,937,000. Finally, O Shaughnessy Asset Management LLC grew its position in First Financial Bankshares by 6.3% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 30,937 shares of the bank's stock valued at $1,115,000 after purchasing an additional 1,820 shares in the last quarter. 69.78% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

FFIN has been the topic of several analyst reports. Keefe, Bruyette & Woods cut their price target on shares of First Financial Bankshares from $38.00 to $36.00 and set a "market perform" rating on the stock in a research report on Monday. Hovde Group lowered their target price on First Financial Bankshares from $40.00 to $38.00 and set a "market perform" rating on the stock in a research report on Monday.

First Financial Bankshares Stock Performance

FFIN traded down $0.41 during trading on Friday, reaching $33.37. 350,373 shares of the stock were exchanged, compared to its average volume of 543,819. The stock's 50 day moving average price is $34.97 and its two-hundred day moving average price is $37.16. 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 $4.77 billion, a P/E ratio of 21.39 and a beta of 0.82.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last issued its earnings results on Thursday, April 17th. The bank reported $0.43 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.43. First Financial Bankshares had a net margin of 29.69% and a return on equity of 14.24%. The company had revenue of $149.02 million for the quarter, compared to analysts' expectations of $149.48 million. Equities 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 business also recently disclosed 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 of this dividend was Friday, March 14th. This represents a $0.72 dividend on an annualized basis and a yield of 2.16%. First Financial Bankshares's dividend payout ratio (DPR) is 44.44%.

Insider Buying and Selling at First Financial Bankshares

In related news, Director Johnny Trotter purchased 6,000 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average cost of $35.12 per share, for a total transaction of $210,720.00. Following the completion of the purchase, the director now owns 949,371 shares in the company, valued at approximately $33,341,909.52. This represents a 0.64 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have purchased a total of 7,041 shares of company stock worth $247,992 over the last ninety days. 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.