Sei Investments Co. Acquires 33,470 Shares of First Financial Bankshares, Inc. (NASDAQ:FFIN)

Sei Investments Co. raised its stake in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) by 199.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,220 shares of the bank's stock after purchasing an additional 33,470 shares during the period. Sei Investments Co.'s holdings in First Financial Bankshares were worth $1,810,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Assetmark Inc. bought a new position in shares of First Financial Bankshares in the fourth quarter worth about $33,000. R Squared Ltd bought a new position in First Financial Bankshares in the 4th quarter worth approximately $88,000. Harvest Fund Management Co. Ltd lifted its holdings in shares of First Financial Bankshares by 1,497.0% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 3,242 shares of the bank's stock worth $118,000 after buying an additional 3,039 shares during the last quarter. KBC Group NV boosted its position in shares of First Financial Bankshares by 50.5% in the fourth quarter. KBC Group NV now owns 5,422 shares of the bank's stock valued at $195,000 after acquiring an additional 1,819 shares during the period. Finally, US Bancorp DE boosted its position in shares of First Financial Bankshares by 7.4% in the fourth 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 period. Institutional investors own 69.78% of the company's stock.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods upped 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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Insider Activity

In related news, Director Johnny Trotter bought 6,000 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average price of $35.12 per share, for a total transaction of $210,720.00. Following the transaction, the director now directly owns 949,371 shares of the company's stock, valued at $33,341,909.52. This represents a 0.64 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 4.22% of the stock is owned by company insiders.

First Financial Bankshares Stock Down 6.3 %

First Financial Bankshares stock traded down $2.12 during trading hours on Thursday, hitting $31.40. The stock had a trading volume of 688,363 shares, compared to its average volume of 543,359. The company has a 50-day moving average of $35.99 and a two-hundred day moving average of $37.42. First Financial Bankshares, Inc. has a fifty-two week low of $27.62 and a fifty-two week high of $44.66. The company has a market cap of $4.49 billion, a PE ratio of 20.13 and a beta of 0.82.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last issued its earnings results 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 return on equity of 14.24% and a net margin of 29.69%. As a group, analysts forecast that First Financial Bankshares, Inc. will post 1.78 EPS for the current fiscal year.

First Financial Bankshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date was Friday, March 14th. First Financial Bankshares's payout ratio 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.