10,660 Shares in First Financial Bankshares, Inc. (NASDAQ:FFIN) Acquired by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC bought a new position in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 10,660 shares of the bank’s stock, valued at approximately $384,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC raised its stake in First Financial Bankshares by 83.0% during the 3rd quarter. Barclays PLC now owns 289,468 shares of the bank’s stock worth $10,714,000 after acquiring an additional 131,259 shares during the period. Proficio Capital Partners LLC bought a new stake in First Financial Bankshares during the 4th quarter worth approximately $402,000. Atria Wealth Solutions Inc. raised its stake in First Financial Bankshares by 26.4% during the 4th quarter. Atria Wealth Solutions Inc. now owns 43,335 shares of the bank’s stock worth $1,567,000 after acquiring an additional 9,056 shares during the period. Van ECK Associates Corp bought a new stake in First Financial Bankshares during the 4th quarter worth approximately $3,504,000. Finally, Garrett Wealth Advisory Group LLC raised its stake in First Financial Bankshares by 38.6% during the 4th quarter. Garrett Wealth Advisory Group LLC now owns 53,493 shares of the bank’s stock worth $1,928,000 after acquiring an additional 14,900 shares during the period. Institutional investors own 69.78% of the company’s stock.

Insider Buying and Selling

In other First Financial Bankshares news, Director Johnny Trotter purchased 6,000 shares of First Financial Bankshares stock in a transaction that occurred on Wednesday, March 12th. The shares were bought at an average price of $35.12 per share, for a total transaction of $210,720.00. Following the completion of the transaction, the director now owns 949,371 shares of the company’s stock, valued at approximately $33,341,909.52. This trade represents a 0.64% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last 90 days, insiders have acquired 7,099 shares of company stock worth $247,751. Insiders own 4.22% of the company’s stock.

Wall Street Analysts Forecast Growth

FFIN has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods decreased their target price 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, April 21st. Hovde Group decreased their target price on shares of First Financial Bankshares from $40.00 to $38.00 and set a “market perform” rating on the stock in a research note on Monday, April 21st.

First Financial Bankshares Price Performance

First Financial Bankshares stock opened at $34.67 on Monday. The stock has a market cap of $4.96 billion, a P/E ratio of 22.22 and a beta of 0.89. First Financial Bankshares, Inc. has a 1 year low of $27.62 and a 1 year high of $44.66. The firm’s 50 day moving average price is $34.28 and its 200-day moving average price is $36.91.

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

First Financial Bankshares Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 16th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 2.19%. The ex-dividend date is Monday, June 16th. This is a boost from First Financial Bankshares’s previous quarterly dividend of $0.18. First Financial Bankshares’s payout ratio is currently 46.91%.

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.