Bridge City Capital LLC Acquires 917 Shares of First Financial Bankshares, Inc. (NASDAQ:FFIN)

Bridge City Capital LLC raised its holdings in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) by 0.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 103,173 shares of the bank’s stock after buying an additional 917 shares during the period. Bridge City Capital LLC owned about 0.07% of First Financial Bankshares worth $3,719,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Strategic Financial Concepts LLC raised its holdings in shares of First Financial Bankshares by 3,508.3% during the fourth quarter. Strategic Financial Concepts LLC now owns 2,807,834 shares of the bank’s stock valued at $101,222,000 after acquiring an additional 2,730,017 shares in the last quarter. State Street Corp increased its position in First Financial Bankshares by 4.7% during the 3rd quarter. State Street Corp now owns 6,222,092 shares of the bank’s stock valued at $231,381,000 after buying an additional 281,166 shares in the last quarter. Geode Capital Management LLC raised its position in shares of First Financial Bankshares by 8.0% in the 3rd quarter. Geode Capital Management LLC now owns 3,361,921 shares of the bank’s stock worth $124,446,000 after purchasing an additional 249,011 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of First Financial Bankshares in the fourth quarter worth approximately $8,341,000. Finally, Champlain Investment Partners LLC lifted its position in First Financial Bankshares by 6.8% in the 3rd quarter. Champlain Investment Partners LLC now owns 3,516,329 shares of the bank’s stock valued at $130,139,000 after acquiring an additional 223,640 shares in the last quarter. 69.78% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

First Financial Bankshares Trading Up 0.1 %

NASDAQ FFIN opened at $35.70 on Friday. The company’s 50 day moving average is $36.90 and its two-hundred day moving average is $37.71. The stock has a market cap of $5.10 billion, a price-to-earnings ratio of 22.88 and a beta of 0.78. 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) last posted its earnings results on Thursday, January 23rd. The bank reported $0.43 EPS 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%. Sell-side analysts forecast that First Financial Bankshares, Inc. will post 1.78 EPS for the current year.

First Financial Bankshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend is Friday, March 14th. First Financial Bankshares’s payout ratio is currently 46.15%.

Insiders Place Their Bets

In other First Financial Bankshares news, Director Johnny Trotter purchased 6,000 shares of First Financial Bankshares stock in a transaction dated 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 acquisition, 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 position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 4.22% of the company’s stock.

First Financial Bankshares 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.