First Financial Bankshares, Inc. (NASDAQ:FFIN) Shares Purchased by Jones Financial Companies Lllp

Jones Financial Companies Lllp lifted its holdings in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) by 35.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,723 shares of the bank’s stock after buying an additional 2,807 shares during the period. Jones Financial Companies Lllp’s holdings in First Financial Bankshares were worth $387,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Huntington National Bank raised its position in shares of First Financial Bankshares by 32.2% during the 3rd quarter. Huntington National Bank now owns 2,369 shares of the bank’s stock worth $88,000 after purchasing an additional 577 shares during the period. R Squared Ltd acquired a new stake in shares of First Financial Bankshares in the 4th quarter worth about $88,000. US Bancorp DE lifted its position in First Financial Bankshares by 50.9% in the 3rd quarter. US Bancorp DE now owns 5,026 shares of the bank’s stock valued at $186,000 after purchasing an additional 1,696 shares during the last quarter. KBC Group NV increased its stake 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 valued at $195,000 after purchasing an additional 1,819 shares during the period. Finally, Captrust Financial Advisors acquired a new position in First Financial Bankshares during the 3rd quarter worth $205,000. Institutional investors and hedge funds own 69.78% of the company’s stock.

First Financial Bankshares Price Performance

Shares of FFIN opened at $34.98 on Wednesday. The stock has a market capitalization of $5.00 billion, a P/E ratio of 22.42 and a beta of 0.78. First Financial Bankshares, Inc. has a 12-month low of $27.62 and a 12-month high of $44.66. The firm’s 50 day moving average is $36.93 and its 200-day moving average is $37.76.

First Financial Bankshares (NASDAQ:FFIN) last released its quarterly earnings results on Thursday, January 23rd. The bank reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. First Financial Bankshares had a return on equity of 14.24% and a net margin of 29.69%. As a group, equities research analysts forecast that First Financial Bankshares, Inc. will post 1.78 EPS for the current fiscal year.

First Financial Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.06%. The ex-dividend date is Friday, March 14th. First Financial Bankshares’s dividend payout ratio (DPR) is currently 46.15%.

Insider Transactions at First Financial Bankshares

In related news, CEO F Scott Dueser sold 25,000 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 471,004 shares of the company’s stock, valued at approximately $19,183,992.92. The trade was a 5.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.22% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

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.