First Financial Bankshares, Inc. (NASDAQ:FFIN) Stock Holdings Increased by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd boosted its position in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 1,497.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,242 shares of the bank’s stock after buying an additional 3,039 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in First Financial Bankshares were worth $118,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FFIN. Arizona State Retirement System grew its holdings in shares of First Financial Bankshares by 0.9% during the fourth quarter. Arizona State Retirement System now owns 35,263 shares of the bank’s stock valued at $1,271,000 after purchasing an additional 302 shares during the last quarter. Kingsview Wealth Management LLC boosted its position in shares of First Financial Bankshares by 1.2% during the fourth quarter. Kingsview Wealth Management LLC now owns 26,649 shares of the bank’s stock worth $961,000 after buying an additional 312 shares during the period. US Bancorp DE boosted its position in shares of First Financial Bankshares by 7.4% during 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 during the period. Pacer Advisors Inc. boosted its position in shares of First Financial Bankshares by 2.3% during the fourth quarter. Pacer Advisors Inc. now owns 19,170 shares of the bank’s stock worth $691,000 after buying an additional 432 shares during the period. Finally, Ballentine Partners LLC boosted its position in shares of First Financial Bankshares by 3.9% during the fourth quarter. Ballentine Partners LLC now owns 12,665 shares of the bank’s stock worth $457,000 after buying an additional 475 shares during the period. 69.78% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods boosted their price objective on 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.

First Financial Bankshares Price Performance

FFIN opened at $35.70 on Friday. The company has a market capitalization of $5.10 billion, a price-to-earnings ratio of 22.88 and a beta of 0.78. First Financial Bankshares, Inc. has a 1-year low of $27.62 and a 1-year high of $44.66. The business has a 50 day moving average price of $36.90 and a two-hundred day moving average price of $37.71.

First Financial Bankshares (NASDAQ:FFIN) last released 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%. Equities 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 announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given 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 2.02%. First Financial Bankshares’s dividend payout ratio (DPR) is 46.15%.

Insiders Place Their Bets

In other news, Director Johnny Trotter bought 6,000 shares of the business’s stock in a transaction on Wednesday, March 12th. The stock was purchased 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 directly owns 949,371 shares of the company’s stock, valued at approximately $33,341,909.52. This trade represents a 0.64 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.22% of the stock is currently owned by insiders.

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.