Vanguard Group Inc. Has $438.31 Million Stock Position in First Financial Bankshares, Inc. (NASDAQ:FFIN)

Vanguard Group Inc. boosted its holdings in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 0.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,465,552 shares of the bank’s stock after buying an additional 120,252 shares during the quarter. Vanguard Group Inc. owned approximately 10.13% of First Financial Bankshares worth $438,306,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Goldman Sachs Group Inc. boosted its stake in First Financial Bankshares by 6.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,375,446 shares of the bank’s stock valued at $41,676,000 after buying an additional 79,106 shares in the last quarter. First Financial Bankshares Inc acquired a new stake in First Financial Bankshares in the fourth quarter valued at about $553,577,000. Exencial Wealth Advisors LLC acquired a new stake in First Financial Bankshares in the fourth quarter valued at about $236,000. Rafferty Asset Management LLC boosted its stake in First Financial Bankshares by 105.3% in the fourth quarter. Rafferty Asset Management LLC now owns 146,235 shares of the bank’s stock valued at $4,431,000 after buying an additional 74,996 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in First Financial Bankshares in the fourth quarter valued at about $383,000. 69.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have commented on FFIN. Truist Financial dropped their target price on First Financial Bankshares from $34.00 to $32.00 and set a “hold” rating for the company in a research report on Monday, April 22nd. Stephens dropped their target price on First Financial Bankshares from $35.00 to $31.00 and set an “equal weight” rating for the company in a research report on Friday, April 19th. One research analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $31.33.

First Financial Bankshares Trading Up 0.8 %

First Financial Bankshares stock opened at $28.58 on Thursday. The company has a market capitalization of $4.08 billion, a PE ratio of 20.41 and a beta of 0.82. First Financial Bankshares, Inc. has a 12 month low of $22.84 and a 12 month high of $33.15. The stock has a 50-day moving average price of $29.76 and a two-hundred day moving average price of $30.32.

First Financial Bankshares (NASDAQ:FFIN) last issued its quarterly earnings data on Tuesday, April 23rd. The bank reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. First Financial Bankshares had a return on equity of 14.28% and a net margin of 30.03%. The company had revenue of $129.63 million during the quarter, compared to the consensus estimate of $129.72 million. During the same period last year, the company earned $0.39 earnings per share. The firm’s revenue was up 4.3% compared to the same quarter last year. As a group, analysts predict that First Financial Bankshares, Inc. will post 1.48 earnings per share for the current fiscal year.

First Financial Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.52%. First Financial Bankshares’s dividend payout ratio (DPR) is 51.43%.

Insider Transactions at First Financial Bankshares

In related news, Director Sally Pope Davis acquired 1,800 shares of the stock in a transaction dated Thursday, June 6th. The stock was bought at an average cost of $28.75 per share, for a total transaction of $51,750.00. Following the completion of the transaction, the director now directly owns 1,800 shares of the company’s stock, valued at $51,750. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other First Financial Bankshares news, Director Johnny Trotter bought 1,000 shares of the stock in a transaction on Friday, June 14th. The stock was acquired at an average cost of $27.79 per share, for a total transaction of $27,790.00. Following the completion of the acquisition, the director now owns 943,371 shares in the company, valued at approximately $26,216,280.09. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sally Pope Davis bought 1,800 shares of the stock in a transaction on Thursday, June 6th. The stock was acquired at an average price of $28.75 per share, with a total value of $51,750.00. Following the completion of the acquisition, the director now owns 1,800 shares of the company’s stock, valued at approximately $51,750. The disclosure for this purchase can be found here. Insiders purchased 6,743 shares of company stock worth $199,526 over the last ninety days. 4.22% of the stock is owned by insiders.

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.