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

Harvest Fund Management Co. Ltd lifted its stake in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) by 1,497.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,242 shares of the bank’s stock after acquiring 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 reporting period.

Several other large investors have also modified their holdings of FFIN. State Street Corp boosted its position in shares of First Financial Bankshares by 4.7% in the third quarter. State Street Corp now owns 6,222,092 shares of the bank’s stock worth $231,381,000 after buying an additional 281,166 shares during the period. Intech Investment Management LLC acquired a new stake in shares of First Financial Bankshares in the third quarter worth $673,000. Citigroup Inc. boosted its position in shares of First Financial Bankshares by 27.0% in the third quarter. Citigroup Inc. now owns 250,553 shares of the bank’s stock worth $9,273,000 after buying an additional 53,195 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of First Financial Bankshares by 3.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,701,180 shares of the bank’s stock worth $62,961,000 after buying an additional 62,538 shares during the period. Finally, Thrivent Financial for Lutherans boosted its position in shares of First Financial Bankshares by 27.0% in the third quarter. Thrivent Financial for Lutherans now owns 53,326 shares of the bank’s stock worth $1,973,000 after buying an additional 11,329 shares during the period. 69.78% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Johnny Trotter bought 6,000 shares of the business’s stock in a transaction on Wednesday, March 12th. The shares were bought at an average cost of $35.12 per share, for a total transaction of $210,720.00. Following the completion of the acquisition, the director now directly owns 949,371 shares in the company, valued at approximately $33,341,909.52. This represents a 0.64 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.22% of the stock is owned by corporate insiders.

First Financial Bankshares Trading Up 0.1 %

Shares of NASDAQ:FFIN opened at $35.70 on Friday. First Financial Bankshares, Inc. has a 1 year low of $27.62 and a 1 year high of $44.66. The business has a fifty day simple moving average of $36.90 and a 200 day simple moving average of $37.71. The firm 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 (NASDAQ:FFIN) last announced its quarterly earnings data on Thursday, January 23rd. The bank reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate 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 year.

First Financial Bankshares Dividend Announcement

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

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods raised their target price 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.

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.