11,139 Shares in First Financial Bankshares, Inc. (NASDAQ:FFIN) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new position in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 11,139 shares of the bank’s stock, valued at approximately $402,000.

A number of other hedge funds also recently made changes to their positions in the stock. Intech Investment Management LLC purchased a new position in shares of First Financial Bankshares in the 3rd quarter worth $673,000. State Street Corp increased its stake in First Financial Bankshares by 4.7% during the third quarter. State Street Corp now owns 6,222,092 shares of the bank’s stock worth $231,381,000 after acquiring an additional 281,166 shares during the last quarter. Citigroup Inc. increased its stake in First Financial Bankshares by 27.0% during the third quarter. Citigroup Inc. now owns 250,553 shares of the bank’s stock worth $9,273,000 after acquiring an additional 53,195 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of First Financial Bankshares by 3.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,701,180 shares of the bank’s stock worth $62,961,000 after purchasing an additional 62,538 shares during the period. Finally, Thrivent Financial for Lutherans lifted its stake in shares of First Financial Bankshares by 27.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 53,326 shares of the bank’s stock valued at $1,973,000 after purchasing an additional 11,329 shares in the last quarter. Institutional investors and hedge funds own 69.78% of the company’s stock.

Analyst Ratings Changes

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

Insider Transactions at First Financial Bankshares

In other First Financial Bankshares news, Director Johnny Trotter bought 6,000 shares of the stock in a transaction dated Wednesday, March 12th. The stock was bought at an average cost of $35.12 per share, for a total transaction of $210,720.00. Following the completion of the purchase, the director now directly owns 949,371 shares of the company’s stock, valued at approximately $33,341,909.52. The trade was a 0.64 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 4.22% of the company’s stock.

First Financial Bankshares Trading Up 3.1 %

Shares of NASDAQ FFIN opened at $36.81 on Tuesday. The stock has a fifty day moving average price of $36.94 and a 200 day moving average price of $37.73. First Financial Bankshares, Inc. has a 12-month low of $27.62 and a 12-month high of $44.66. The company has a market cap of $5.26 billion, a P/E ratio of 23.60 and a beta of 0.78.

First Financial Bankshares (NASDAQ:FFIN) last posted its earnings results on Thursday, January 23rd. The bank reported $0.43 earnings per share (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%. On average, sell-side analysts forecast 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 will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.96%. First Financial Bankshares’s dividend payout ratio is currently 46.15%.

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.