First Financial Bankshares, Inc. (NASDAQ:FFIN) Shares Bought by Swiss National Bank

Swiss National Bank raised its position in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 0.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 238,800 shares of the bank’s stock after acquiring an additional 1,700 shares during the quarter. Swiss National Bank’s holdings in First Financial Bankshares were worth $8,609,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Strategic Financial Concepts LLC boosted its holdings in shares of First Financial Bankshares by 3,508.3% during the 4th quarter. Strategic Financial Concepts LLC now owns 2,807,834 shares of the bank’s stock worth $101,222,000 after purchasing an additional 2,730,017 shares during the last quarter. State Street Corp raised its position in shares of 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 during the period. Geode Capital Management LLC raised its position in shares of First Financial Bankshares by 8.0% during the 3rd quarter. Geode Capital Management LLC now owns 3,361,921 shares of the bank’s stock valued at $124,446,000 after buying an additional 249,011 shares during the period. Raymond James Financial Inc. purchased a new stake in First Financial Bankshares in the fourth quarter valued at approximately $8,341,000. Finally, Champlain Investment Partners LLC raised its position in First Financial Bankshares by 6.8% in the third quarter. Champlain Investment Partners LLC now owns 3,516,329 shares of the bank’s stock valued at $130,139,000 after purchasing an additional 223,640 shares during the period. 69.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at First Financial Bankshares

In other First Financial Bankshares news, Director Johnny Trotter bought 6,000 shares of First Financial Bankshares stock in a transaction dated Wednesday, March 12th. The stock was acquired at an average cost of $35.12 per share, with a total value of $210,720.00. Following the completion of the acquisition, the director now owns 949,371 shares of the company’s stock, valued at approximately $33,341,909.52. This represents a 0.64 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.22% of the stock is currently owned by insiders.

First Financial Bankshares Trading Up 0.1 %

Shares of FFIN stock opened at $35.70 on Friday. The firm has a fifty day moving average price of $36.90 and a 200 day moving average price of $37.70. The company has a market cap of $5.10 billion, a P/E 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 issued 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 net margin of 29.69% and a return on equity of 14.24%. On average, equities analysts forecast that First Financial Bankshares, Inc. will post 1.78 EPS for the current year.

First Financial Bankshares Announces Dividend

The business 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 of this dividend is Friday, March 14th. This represents a $0.72 annualized dividend and a yield of 2.02%. First Financial Bankshares’s dividend payout ratio is presently 46.15%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods boosted 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 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.