ProShare Advisors LLC Has $1.54 Million Holdings in First Financial Bankshares, Inc. (NASDAQ:FFIN)

ProShare Advisors LLC raised its position in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) by 41.3% in the fourth quarter, HoldingsChannel reports. The fund owned 42,667 shares of the bank’s stock after acquiring an additional 12,472 shares during the period. ProShare Advisors LLC’s holdings in First Financial Bankshares were worth $1,538,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in FFIN. Barclays PLC boosted its stake in shares of First Financial Bankshares by 83.0% in the third quarter. Barclays PLC now owns 289,468 shares of the bank’s stock valued at $10,714,000 after buying an additional 131,259 shares during the period. Ameritas Advisory Services LLC bought a new stake in shares of First Financial Bankshares during the 4th quarter valued at $603,000. Ballentine Partners LLC lifted its position in shares of First Financial Bankshares by 3.9% during the 4th quarter. Ballentine Partners LLC now owns 12,665 shares of the bank’s stock valued at $457,000 after acquiring an additional 475 shares during the period. Blue Trust Inc. grew its holdings in shares of First Financial Bankshares by 1.8% during the 4th quarter. Blue Trust Inc. now owns 36,788 shares of the bank’s stock worth $1,362,000 after purchasing an additional 665 shares in the last quarter. Finally, KBC Group NV increased its position in shares of First Financial Bankshares by 50.5% in the fourth quarter. KBC Group NV now owns 5,422 shares of the bank’s stock worth $195,000 after purchasing an additional 1,819 shares during the period. Institutional investors and hedge funds own 69.78% of the company’s stock.

First Financial Bankshares Price Performance

First Financial Bankshares stock opened at $34.69 on Thursday. The stock’s 50 day moving average is $34.29 and its 200 day moving average is $36.86. 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 $4.96 billion, a P/E ratio of 22.24 and a beta of 0.89.

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

First Financial Bankshares Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 16th will be paid a $0.19 dividend. The ex-dividend date is Monday, June 16th. This is an increase from First Financial Bankshares’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a dividend yield of 2.19%. First Financial Bankshares’s dividend payout ratio (DPR) is currently 46.91%.

Insider Activity at First Financial Bankshares

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 stock was acquired at an average price of $35.12 per share, with a total value of $210,720.00. Following the transaction, the director now owns 949,371 shares in the company, valued at $33,341,909.52. This trade represents a 0.64% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders bought 7,099 shares of company stock valued at $247,751 in the last three months. Corporate insiders own 3.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on FFIN. Hovde Group cut their price objective on shares of First Financial Bankshares from $40.00 to $38.00 and set a “market perform” rating for the company in a research report on Monday, April 21st. Keefe, Bruyette & Woods dropped their target price on shares of First Financial Bankshares from $38.00 to $36.00 and set a “market perform” rating for the company in a research report on Monday, April 21st.

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.