Royce & Associates LP Grows Stock Position in First Financial Bankshares, Inc. (NASDAQ:FFIN)

Royce & Associates LP increased its holdings in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) by 45.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 185,141 shares of the bank's stock after acquiring an additional 58,124 shares during the period. Royce & Associates LP owned approximately 0.13% of First Financial Bankshares worth $6,674,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Swiss National Bank grew its stake in shares of First Financial Bankshares by 0.7% during the 4th quarter. Swiss National Bank now owns 238,800 shares of the bank's stock worth $8,609,000 after purchasing an additional 1,700 shares during the period. HighTower Advisors LLC grew its position in First Financial Bankshares by 1.2% during the fourth quarter. HighTower Advisors LLC now owns 62,094 shares of the bank's stock worth $2,239,000 after buying an additional 749 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in First Financial Bankshares by 12.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,858 shares of the bank's stock worth $1,148,000 after buying an additional 3,574 shares during the period. PNC Financial Services Group Inc. increased its holdings in First Financial Bankshares by 6.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 9,545 shares of the bank's stock valued at $344,000 after buying an additional 547 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of First Financial Bankshares during the 4th quarter valued at approximately $8,341,000. Hedge funds and other institutional investors own 69.78% of the company's stock.

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First Financial Bankshares Stock Performance

NASDAQ:FFIN traded up $0.05 during mid-day trading on Friday, hitting $35.70. 1,563,201 shares of the company's stock traded hands, compared to its average volume of 496,407. The company has a market cap of $5.10 billion, a PE ratio of 22.88 and a beta of 0.78. The firm's 50 day simple moving average is $36.90 and its 200 day simple moving average is $37.70. 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 issued its quarterly earnings data on Thursday, January 23rd. The bank reported $0.43 earnings per share for the quarter, topping 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%. On average, research analysts expect 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 will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a $0.18 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.72 annualized dividend and a dividend yield of 2.02%. First Financial Bankshares's dividend payout ratio is currently 46.15%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods upped their price target on First Financial Bankshares from $40.00 to $41.00 and gave the stock a "market perform" rating in a report on Monday, January 27th.

Insider Activity at First Financial Bankshares

In other news, Director Johnny Trotter purchased 6,000 shares of the firm's stock in a transaction on Wednesday, March 12th. The shares were bought at an average cost of $35.12 per share, with a total value of $210,720.00. Following the purchase, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 4.22% of the company's stock.

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.