Dimensional Fund Advisors LP Has $92.73 Million Holdings in First Financial Bankshares, Inc. (NASDAQ:FFIN)

Dimensional Fund Advisors LP lifted its position in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) by 1.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,572,218 shares of the bank’s stock after purchasing an additional 42,280 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.80% of First Financial Bankshares worth $92,733,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Assetmark Inc. acquired a new stake in shares of First Financial Bankshares during the 4th quarter worth approximately $33,000. R Squared Ltd acquired a new stake in shares of First Financial Bankshares during the 4th quarter worth approximately $88,000. Harvest Fund Management Co. Ltd grew its holdings in shares of 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 worth $118,000 after purchasing an additional 3,039 shares in the last quarter. US Bancorp DE boosted 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 in the last quarter. Finally, KBC Group NV boosted its stake in First Financial Bankshares by 50.5% in the 4th quarter. KBC Group NV now owns 5,422 shares of the bank’s stock valued at $195,000 after buying an additional 1,819 shares in the last quarter. Institutional investors and hedge funds own 69.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Hovde Group decreased their price target on 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. Keefe, Bruyette & Woods decreased their price target on 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.

Insiders Place Their Bets

In other First Financial Bankshares news, Director Johnny Trotter acquired 6,000 shares of First Financial Bankshares stock in a transaction on Wednesday, March 12th. The shares were bought at an average price of $35.12 per share, with a total value 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 trade represents a 0.64 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last quarter, insiders have acquired 7,041 shares of company stock valued at $247,992. 4.22% of the stock is currently owned by corporate insiders.

First Financial Bankshares Stock Performance

First Financial Bankshares stock opened at $33.49 on Tuesday. The firm has a market cap of $4.79 billion, a P/E ratio of 21.47 and a beta of 0.82. The business’s fifty day moving average is $34.81 and its two-hundred day moving average is $37.13. First Financial Bankshares, Inc. has a 52 week low of $27.62 and a 52 week high of $44.66.

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

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.