First Financial Bankshares, Inc. (NASDAQ:FFIN) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its position in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN – Get Rating) by 4.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 2,112,390 shares of the bank’s stock after acquiring an additional 94,584 shares during the quarter. Dimensional Fund Advisors LP owned about 1.48% of First Financial Bankshares worth $72,666,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System lifted its position in First Financial Bankshares by 0.9% during the 4th quarter. Louisiana State Employees Retirement System now owns 34,800 shares of the bank’s stock worth $1,197,000 after acquiring an additional 300 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in shares of First Financial Bankshares by 0.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 38,182 shares of the bank’s stock valued at $1,313,000 after buying an additional 305 shares during the period. Quadrant Capital Group LLC lifted its holdings in shares of First Financial Bankshares by 46.0% in the 3rd quarter. Quadrant Capital Group LLC now owns 1,101 shares of the bank’s stock valued at $46,000 after buying an additional 347 shares during the period. Creative Planning lifted its holdings in shares of First Financial Bankshares by 4.9% in the 2nd quarter. Creative Planning now owns 8,114 shares of the bank’s stock valued at $319,000 after buying an additional 380 shares during the period. Finally, State of Michigan Retirement System lifted its holdings in shares of First Financial Bankshares by 1.2% in the 4th quarter. State of Michigan Retirement System now owns 33,063 shares of the bank’s stock valued at $1,137,000 after buying an additional 400 shares during the period. Institutional investors and hedge funds own 53.86% of the company’s stock.

First Financial Bankshares Stock Down 1.5 %

Shares of First Financial Bankshares stock opened at $27.34 on Thursday. First Financial Bankshares, Inc. has a twelve month low of $25.01 and a twelve month high of $47.26. The business has a 50-day moving average price of $29.27 and a 200 day moving average price of $33.39. The firm has a market cap of $3.90 billion, a PE ratio of 16.98 and a beta of 0.73.

First Financial Bankshares Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 3rd. Investors of record on Thursday, June 15th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.63%. The ex-dividend date is Wednesday, June 14th. This is a positive change from First Financial Bankshares’s previous quarterly dividend of $0.17. First Financial Bankshares’s payout ratio is currently 42.24%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on FFIN shares. Stephens decreased their price objective on First Financial Bankshares from $34.00 to $32.00 and set an “equal weight” rating for the company in a report on Friday, April 21st. StockNews.com started coverage on First Financial Bankshares in a report on Thursday, May 18th. They issued a “sell” rating for the company. Piper Sandler decreased their price objective on First Financial Bankshares from $28.00 to $26.00 in a report on Friday, April 21st. Finally, Truist Financial cut their price target on First Financial Bankshares from $38.00 to $34.00 and set a “hold” rating for the company in a research note on Thursday, March 23rd.

Insiders Place Their Bets

In other news, Director Robert Clark Nickles, Jr. acquired 18,387 shares of the business’s stock in a transaction on Tuesday, May 9th. The stock was bought at an average cost of $26.19 per share, for a total transaction of $481,555.53. Following the purchase, the director now owns 91,172 shares in the company, valued at $2,387,794.68. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Robert Clark Nickles, Jr. acquired 18,387 shares of the business’s stock in a transaction on Tuesday, May 9th. The stock was bought at an average cost of $26.19 per share, for a total transaction of $481,555.53. Following the purchase, the director now owns 91,172 shares in the company, valued at $2,387,794.68. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael B. Denny acquired 3,500 shares of the business’s stock in a transaction on Thursday, April 27th. The shares were purchased at an average price of $28.50 per share, with a total value of $99,750.00. Following the completion of the purchase, the director now owns 100,127 shares in the company, valued at approximately $2,853,619.50. The disclosure for this purchase can be found here. In the last three months, insiders bought 41,733 shares of company stock worth $1,222,342. Corporate insiders own 4.11% of the company’s stock.

First Financial Bankshares Company Profile

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First Financial Bankshares, Inc is a bank holding company, which engages in the provision of financial and community banking services. It offers mortgage loans, savings and checking accounts, auto and equity loans, online and mobile banking, investment and trust management, and retirement plans. The company was founded in 1956 and is headquartered in Abilene, TX.