Russell Investments Group Ltd. Has $275,000 Holdings in First Financial Bankshares, Inc. (NASDAQ:FFIN)

Russell Investments Group Ltd. increased its position in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 16.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 7,630 shares of the bank’s stock after purchasing an additional 1,054 shares during the period. Russell Investments Group Ltd.’s holdings in First Financial Bankshares were worth $275,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FFIN. Assetmark Inc. purchased a new position in First Financial Bankshares during the 4th quarter valued at about $33,000. R Squared Ltd purchased a new position in First Financial Bankshares during the fourth quarter valued at approximately $88,000. Harvest Fund Management Co. Ltd grew its position in First Financial Bankshares by 1,497.0% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 3,242 shares of the bank’s stock valued at $118,000 after purchasing an additional 3,039 shares in the last quarter. US Bancorp DE increased its stake in First Financial Bankshares by 7.4% in the 4th quarter. US Bancorp DE now owns 5,396 shares of the bank’s stock valued at $195,000 after buying an additional 370 shares during the period. Finally, KBC Group NV lifted its position in First Financial Bankshares by 50.5% in the 4th quarter. KBC Group NV now owns 5,422 shares of the bank’s stock worth $195,000 after buying an additional 1,819 shares in the last quarter. 69.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at First Financial Bankshares

In other First Financial Bankshares news, Director Johnny Trotter bought 6,000 shares of the stock in a transaction dated Wednesday, March 12th. The stock was bought at an average cost of $35.12 per share, for a total transaction of $210,720.00. Following the completion of the purchase, the director now owns 949,371 shares in the company, valued at $33,341,909.52. This represents a 0.64 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last quarter, insiders acquired 7,041 shares of company stock worth $247,992. 4.22% of the stock is currently owned by insiders.

First Financial Bankshares Price Performance

Shares of FFIN stock opened at $33.78 on Friday. The stock’s fifty day simple moving average is $34.97 and its 200 day simple moving average is $37.16. First Financial Bankshares, Inc. has a one year low of $27.62 and a one year high of $44.66. The firm has a market cap of $4.83 billion, a price-to-earnings ratio of 21.65 and a beta of 0.82.

First Financial Bankshares (NASDAQ:FFIN) last released its quarterly earnings results on Thursday, April 17th. The bank reported $0.43 EPS for the quarter, meeting analysts’ consensus estimates of $0.43. The firm had revenue of $149.02 million for the quarter, compared to analyst estimates of $149.48 million. First Financial Bankshares had a net margin of 29.69% and a return on equity of 14.24%. On average, research analysts anticipate that First Financial Bankshares, Inc. will post 1.78 earnings per share for the current year.

First Financial Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were issued a dividend of $0.18 per share. The ex-dividend date was Friday, March 14th. This represents a $0.72 dividend on an annualized basis and a yield of 2.13%. First Financial Bankshares’s dividend payout ratio is 44.44%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Keefe, Bruyette & Woods dropped their price target on shares of First Financial Bankshares from $38.00 to $36.00 and set a “market perform” rating on the stock in a research note on Monday. Hovde Group dropped their target price on First Financial Bankshares from $40.00 to $38.00 and set a “market perform” rating on the stock in a research report on Monday.

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.