First Financial Bankshares, Inc. (NASDAQ:FFIN) Shares Purchased by Royce & Associates LP

Royce & Associates LP raised its position in First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) by 43.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 127,017 shares of the bank's stock after acquiring an additional 38,474 shares during the quarter. Royce & Associates LP owned approximately 0.09% of First Financial Bankshares worth $4,701,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Olistico Wealth LLC purchased a new stake in shares of First Financial Bankshares during the 2nd quarter worth $29,000. Neo Ivy Capital Management purchased a new stake in First Financial Bankshares during the 2nd quarter worth about $41,000. Huntington National Bank boosted its position in shares of First Financial Bankshares by 32.2% during the 3rd quarter. Huntington National Bank now owns 2,369 shares of the bank's stock worth $88,000 after acquiring an additional 577 shares in the last quarter. Quarry LP purchased a new position in shares of First Financial Bankshares in the 2nd quarter valued at about $83,000. Finally, Point72 DIFC Ltd acquired a new stake in shares of First Financial Bankshares during the 2nd quarter worth about $97,000. Institutional investors and hedge funds own 69.78% of the company's stock.

Insider Transactions at First Financial Bankshares

In other First Financial Bankshares news, Director Michael B. Denny sold 7,000 shares of the company's stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $41.12, for a total transaction of $287,840.00. Following the completion of the transaction, the director now owns 101,085 shares in the company, valued at approximately $4,156,615.20. This represents a 6.48 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 4.22% of the company's stock.

First Financial Bankshares Stock Performance

NASDAQ FFIN traded down $0.30 on Tuesday, reaching $40.95. The stock had a trading volume of 315,867 shares, compared to its average volume of 541,886. The stock has a market cap of $5.85 billion, a P/E ratio of 28.24 and a beta of 0.78. First Financial Bankshares, Inc. has a 12-month low of $25.99 and a 12-month high of $43.57. The business's 50-day moving average price is $37.86 and its 200 day moving average price is $34.35.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last announced its earnings results on Thursday, October 17th. The bank reported $0.39 EPS for the quarter, meeting analysts' consensus estimates of $0.39. The business had revenue of $142.10 million for the quarter, compared to analysts' expectations of $140.25 million. First Financial Bankshares had a net margin of 28.76% and a return on equity of 13.43%. On average, sell-side analysts predict that First Financial Bankshares, Inc. will post 1.52 earnings per share for the current year.

First Financial Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be issued a $0.18 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.76%. First Financial Bankshares's payout ratio is 49.66%.

Analyst Upgrades and Downgrades

FFIN has been the topic of several recent analyst reports. Hovde Group increased their price target on shares of First Financial Bankshares from $34.50 to $40.00 and gave the company a "market perform" rating in a research note on Monday, October 21st. Truist Financial upped their target price on shares of First Financial Bankshares from $39.00 to $40.00 and gave the company a "hold" rating in a report on Friday, September 20th. Finally, Stephens lifted their price target on shares of First Financial Bankshares from $37.00 to $40.00 and gave the stock an "equal weight" rating in a research note on Friday, October 18th.

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.