Pacer Advisors Inc. Buys 432 Shares of First Financial Bankshares, Inc. (NASDAQ:FFIN)

Pacer Advisors Inc. raised its stake in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) by 2.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 19,170 shares of the bank’s stock after purchasing an additional 432 shares during the quarter. Pacer Advisors Inc.’s holdings in First Financial Bankshares were worth $691,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in FFIN. State Street Corp boosted its position in shares of First Financial Bankshares by 4.7% during the 3rd quarter. State Street Corp now owns 6,222,092 shares of the bank’s stock valued at $231,381,000 after acquiring an additional 281,166 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of First Financial Bankshares by 8.0% during the third quarter. Geode Capital Management LLC now owns 3,361,921 shares of the bank’s stock worth $124,446,000 after buying an additional 249,011 shares during the last quarter. Champlain Investment Partners LLC increased its stake in First Financial Bankshares by 6.8% in the third quarter. Champlain Investment Partners LLC now owns 3,516,329 shares of the bank’s stock valued at $130,139,000 after purchasing an additional 223,640 shares in the last quarter. Emerald Advisers LLC bought a new stake in First Financial Bankshares in the third quarter valued at approximately $8,235,000. Finally, Natixis Advisors LLC increased its stake in First Financial Bankshares by 37.5% in the third quarter. Natixis Advisors LLC now owns 613,381 shares of the bank’s stock valued at $22,701,000 after purchasing an additional 167,433 shares in the last quarter. 69.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other First Financial Bankshares news, Director Michael B. Denny sold 7,000 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $41.12, for a total transaction of $287,840.00. Following the completion of the transaction, the director now owns 101,085 shares in the company, valued at $4,156,615.20. This trade represents a 6.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO F Scott Dueser sold 25,000 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $40.73, for a total transaction of $1,018,250.00. Following the completion of the sale, the chief executive officer now directly owns 471,004 shares in the company, valued at approximately $19,183,992.92. The trade was a 5.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.22% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

FFIN has been the subject of several research analyst reports. Stephens upped their price target on shares of First Financial Bankshares from $37.00 to $40.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. Keefe, Bruyette & Woods raised their price target on shares of First Financial Bankshares from $40.00 to $41.00 and gave the stock a “market perform” rating in a research report on Monday, January 27th. Finally, Hovde Group increased their price objective on shares of First Financial Bankshares from $34.50 to $40.00 and gave the stock a “market perform” rating in a research note on Monday, October 21st.

First Financial Bankshares Trading Down 0.9 %

FFIN opened at $36.94 on Tuesday. The company’s 50 day moving average is $38.15 and its 200-day moving average is $37.53. First Financial Bankshares, Inc. has a 1-year low of $27.62 and a 1-year high of $44.66. The company has a market cap of $5.28 billion, a P/E ratio of 23.68 and a beta of 0.83.

First Financial Bankshares (NASDAQ:FFIN) last posted its earnings results on Thursday, January 23rd. The bank reported $0.43 EPS for the quarter, topping 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%. On average, equities analysts forecast that First Financial Bankshares, Inc. will post 1.72 EPS for the current year.

First Financial Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.72 annualized dividend and a dividend yield of 1.95%. First Financial Bankshares’s dividend payout ratio is currently 46.15%.

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.