First Financial Bankshares, Inc. (NASDAQ:FFIN) Shares Purchased by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC increased its holdings in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) by 164.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,944 shares of the bank’s stock after acquiring an additional 9,290 shares during the quarter. Tower Research Capital LLC TRC’s holdings in First Financial Bankshares were worth $539,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of FFIN. Barclays PLC boosted its position in shares of First Financial Bankshares by 83.0% during the third quarter. Barclays PLC now owns 289,468 shares of the bank’s stock worth $10,714,000 after buying an additional 131,259 shares during the period. JPMorgan Chase & Co. increased its stake in First Financial Bankshares by 39.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 461,726 shares of the bank’s stock valued at $17,088,000 after buying an additional 131,063 shares during the period. Ameritas Advisory Services LLC bought a new stake in shares of First Financial Bankshares during the 4th quarter worth about $603,000. Ballentine Partners LLC raised 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 worth $457,000 after buying an additional 475 shares in the last quarter. Finally, Blue Trust Inc. raised its position 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 buying an additional 665 shares in the last quarter. Institutional investors and hedge funds own 69.78% of the company’s stock.

First Financial Bankshares Stock Up 0.4 %

Shares of FFIN opened at $33.49 on Tuesday. The company’s fifty day moving average is $34.81 and its 200-day moving average is $37.13. First Financial Bankshares, Inc. has a 12 month low of $27.62 and a 12 month high of $44.66. The firm has a market cap of $4.79 billion, a price-to-earnings ratio of 21.47 and a beta of 0.82.

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

Insider Buying and Selling

In related news, Director Johnny Trotter acquired 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average price of $35.12 per share, for a total transaction of $210,720.00. Following the transaction, the director now directly 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 document filed with the SEC, which is available at this hyperlink. Insiders have bought a total of 7,041 shares of company stock valued at $247,992 over the last three months. 4.22% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on FFIN. Keefe, Bruyette & Woods dropped their price target on shares of First Financial Bankshares from $38.00 to $36.00 and set a “market perform” rating on the stock in a research report on Monday, April 21st. Hovde Group dropped their price target on shares of First Financial Bankshares from $40.00 to $38.00 and set a “market perform” rating on the stock 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.