LPL Financial LLC Has $979,000 Position in First Financial Bankshares, Inc. (NASDAQ:FFIN)

LPL Financial LLC boosted its stake in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) by 86.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 27,150 shares of the bank’s stock after acquiring an additional 12,582 shares during the quarter. LPL Financial LLC’s holdings in First Financial Bankshares were worth $979,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Barclays PLC grew its stake in shares of First Financial Bankshares by 83.0% during the third quarter. Barclays PLC now owns 289,468 shares of the bank’s stock valued at $10,714,000 after purchasing an additional 131,259 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in First Financial Bankshares by 39.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 461,726 shares of the bank’s stock worth $17,088,000 after buying an additional 131,063 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in First Financial Bankshares during the 4th quarter worth $603,000. Ballentine Partners LLC boosted its position in First Financial Bankshares by 3.9% in the 4th quarter. Ballentine Partners LLC now owns 12,665 shares of the bank’s stock valued at $457,000 after buying an additional 475 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in shares of First Financial Bankshares by 1.8% in the 4th quarter. Blue Trust Inc. now owns 36,788 shares of the bank’s stock valued at $1,362,000 after buying an additional 665 shares during the period. Institutional investors and hedge funds own 69.78% of the company’s stock.

First Financial Bankshares Trading Down 0.2 %

First Financial Bankshares stock opened at $32.68 on Monday. The firm has a market capitalization of $4.67 billion, a P/E ratio of 20.95 and a beta of 0.82. The business has a 50-day moving average of $35.30 and a 200-day moving average of $37.25. First Financial Bankshares, Inc. has a 1 year low of $27.62 and a 1 year high of $44.66.

First Financial Bankshares (NASDAQ:FFIN) last issued its earnings results on Thursday, April 17th. The bank reported $0.43 EPS for the quarter, meeting the consensus estimate of $0.43. The firm had revenue of $149.02 million during the quarter, compared to the consensus estimate of $149.48 million. First Financial Bankshares had a net margin of 29.69% and a return on equity of 14.24%. Research analysts anticipate that First Financial Bankshares, Inc. will post 1.78 EPS for the current fiscal year.

First Financial Bankshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend was Friday, March 14th. First Financial Bankshares’s payout ratio is presently 46.15%.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other First Financial Bankshares news, Director Johnny Trotter purchased 6,000 shares of the company’s stock in a transaction dated Wednesday, March 12th. The shares were bought at an average price of $35.12 per share, with a total value of $210,720.00. Following the completion of the transaction, the director now directly 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.96% of the company’s stock.

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.