Charles Schwab Investment Management Inc. Purchases 4,608 Shares of First Financial Bankshares, Inc. (NASDAQ:FFIN)

Charles Schwab Investment Management Inc. boosted its position in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 0.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,705,788 shares of the bank’s stock after acquiring an additional 4,608 shares during the period. Charles Schwab Investment Management Inc. owned 1.19% of First Financial Bankshares worth $61,494,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FFIN. US Bancorp DE boosted its holdings in First Financial Bankshares by 50.9% in the third quarter. US Bancorp DE now owns 5,026 shares of the bank’s stock worth $186,000 after acquiring an additional 1,696 shares in the last quarter. Los Angeles Capital Management LLC boosted its holdings in First Financial Bankshares by 368.5% in the third quarter. Los Angeles Capital Management LLC now owns 76,227 shares of the bank’s stock worth $2,821,000 after acquiring an additional 59,958 shares in the last quarter. Huntington National Bank boosted its holdings in First Financial Bankshares by 32.2% in the third 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. Royce & Associates LP boosted its holdings in First Financial Bankshares by 43.5% in the third quarter. Royce & Associates LP now owns 127,017 shares of the bank’s stock worth $4,701,000 after acquiring an additional 38,474 shares in the last quarter. Finally, Natixis Advisors LLC raised its stake in shares of First Financial Bankshares by 37.5% in the third quarter. Natixis Advisors LLC now owns 613,381 shares of the bank’s stock worth $22,701,000 after purchasing an additional 167,433 shares during the last quarter. Institutional investors own 69.78% of the company’s stock.

Analysts Set New Price Targets

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

First Financial Bankshares Stock Performance

First Financial Bankshares stock opened at $35.05 on Thursday. First Financial Bankshares, Inc. has a fifty-two week low of $27.62 and a fifty-two week high of $44.66. The firm’s 50-day simple moving average is $36.91 and its 200 day simple moving average is $37.74. The stock has a market cap of $5.01 billion, a PE ratio of 22.47 and a beta of 0.78.

First Financial Bankshares (NASDAQ:FFIN) last announced its earnings results on Thursday, January 23rd. The bank reported $0.43 earnings per share for the quarter, topping 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 predict 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 will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a $0.18 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.72 dividend on an annualized basis and a yield of 2.05%. First Financial Bankshares’s dividend payout ratio (DPR) is presently 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.