Vanguard Group Inc. Purchases 110,923 Shares of First Financial Bankshares, Inc. (NASDAQ:FFIN)

Vanguard Group Inc. boosted its holdings in First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) by 0.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,095,584 shares of the bank's stock after purchasing an additional 110,923 shares during the quarter. Vanguard Group Inc. owned approximately 9.86% of First Financial Bankshares worth $508,146,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Assetmark Inc. purchased a new position in First Financial Bankshares during the fourth quarter valued at $33,000. R Squared Ltd bought a new position in shares of First Financial Bankshares during the 4th quarter valued at about $88,000. Harvest Fund Management Co. Ltd grew its position 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 valued at $118,000 after purchasing an additional 3,039 shares in the last quarter. US Bancorp DE lifted 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 worth $195,000 after buying an additional 370 shares in the last quarter. Finally, KBC Group NV boosted its stake in First Financial Bankshares by 50.5% during the fourth quarter. KBC Group NV now owns 5,422 shares of the bank's stock valued at $195,000 after buying an additional 1,819 shares during the last quarter. Institutional investors own 69.78% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods raised 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 report on Monday, January 27th.

Insiders Place Their Bets

In other First Financial Bankshares news, Director Johnny Trotter bought 6,000 shares of the firm's stock in a transaction dated 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 transaction, the director now owns 949,371 shares in the company, valued at $33,341,909.52. This trade represents a 0.64 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 4.22% of the stock is owned by insiders.

First Financial Bankshares Trading Down 2.5 %

NASDAQ:FFIN traded down $0.83 during midday trading on Friday, hitting $32.17. 915,753 shares of the company traded hands, compared to its average volume of 536,391. The firm has a market capitalization of $4.60 billion, a P/E ratio of 20.62 and a beta of 0.82. The firm's fifty day moving average is $36.63 and its 200-day moving average is $37.66. First Financial Bankshares, Inc. has a 12-month low of $27.62 and a 12-month 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 earnings per share 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%. On average, research analysts expect that First Financial Bankshares, Inc. will post 1.78 EPS for the current fiscal year.

First Financial Bankshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.24%. The ex-dividend date was Friday, March 14th. First Financial Bankshares's payout ratio is currently 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.