11,459 Shares in First Financial Bankshares, Inc. (NASDAQ:FFIN) Purchased by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC bought a new position in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 11,459 shares of the bank’s stock, valued at approximately $413,000.

Other large investors have also recently modified their holdings of the company. Assetmark Inc. purchased a new position in First Financial Bankshares in the 4th quarter valued at approximately $33,000. R Squared Ltd purchased a new stake in First Financial Bankshares during the 4th quarter worth about $88,000. Harvest Fund Management Co. Ltd grew its holdings in First Financial Bankshares by 1,497.0% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 3,242 shares of the bank’s stock valued at $118,000 after buying an additional 3,039 shares in the last quarter. US Bancorp DE grew its holdings in First Financial Bankshares by 7.4% during 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 in the last quarter. Finally, KBC Group NV lifted its holdings 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 buying an additional 1,819 shares in the last quarter. Hedge funds and other institutional investors own 69.78% of the company’s stock.

First Financial Bankshares Trading Down 0.6 %

FFIN stock opened at $35.69 on Wednesday. The company’s 50 day moving average is $36.85 and its 200 day moving average is $37.74. The stock has a market cap of $5.10 billion, a price-to-earnings ratio of 22.88 and a beta of 0.78. 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 posted its quarterly earnings data on Thursday, January 23rd. The bank reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.03. First Financial Bankshares had a net margin of 29.69% and a return on equity of 14.24%. As a group, sell-side analysts forecast that First Financial Bankshares, Inc. will post 1.78 EPS for the current fiscal year.

First Financial Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date was Friday, March 14th. First Financial Bankshares’s payout ratio is currently 46.15%.

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 on Wednesday, March 12th. The shares were acquired at an average cost of $35.12 per share, for a total transaction of $210,720.00. Following the completion of the transaction, the director now directly owns 949,371 shares of the company’s stock, valued at approximately $33,341,909.52. The trade was a 0.64 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 4.22% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods increased their target price on shares of First Financial Bankshares from $40.00 to $41.00 and gave the stock a “market perform” rating in a research note on Monday, January 27th.

First Financial Bankshares Company 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.