Nomura Holdings Inc. Acquires Shares of 17,033 First Financial Bankshares, Inc. (NASDAQ:FFIN)

Nomura Holdings Inc. acquired a new position in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 17,033 shares of the bank's stock, valued at approximately $614,000.

Other hedge funds have also modified their holdings of the company. Strategic Financial Concepts LLC raised its stake in First Financial Bankshares by 3,508.3% during the fourth quarter. Strategic Financial Concepts LLC now owns 2,807,834 shares of the bank's stock worth $101,222,000 after purchasing an additional 2,730,017 shares during the period. Norges Bank acquired a new stake in shares of First Financial Bankshares during the 4th quarter worth $47,757,000. Axiom Investors LLC DE purchased a new position in shares of First Financial Bankshares in the 4th quarter worth $16,937,000. Raymond James Financial Inc. purchased a new position in shares of First Financial Bankshares in the 4th quarter worth $8,341,000. Finally, JPMorgan Chase & Co. boosted its holdings in First Financial Bankshares by 48.9% in the fourth quarter. JPMorgan Chase & Co. now owns 687,300 shares of the bank's stock valued at $24,777,000 after acquiring an additional 225,574 shares during the last quarter. 69.78% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other First Financial Bankshares news, Director Johnny Trotter purchased 6,000 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average price of $35.12 per share, for a total transaction 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. The trade was a 0.64% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have bought 7,099 shares of company stock valued at $247,751 in the last quarter. Company insiders own 4.22% of the company's stock.

First Financial Bankshares Price Performance

NASDAQ FFIN traded down $0.26 during trading hours on Monday, hitting $34.21. The company had a trading volume of 425,120 shares, compared to its average volume of 546,559. The firm's 50 day moving average is $34.23 and its 200 day moving average is $36.77. The company has a market capitalization of $4.89 billion, a price-to-earnings ratio of 21.93 and a beta of 0.89. First Financial Bankshares, Inc. has a fifty-two week low of $27.62 and a fifty-two week high of $44.66.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The bank reported $0.43 EPS for the quarter, hitting the consensus estimate of $0.43. First Financial Bankshares had a return on equity of 14.24% and a net margin of 29.69%. The firm had revenue of $149.02 million for the quarter, compared to analyst estimates of $149.48 million. On average, equities analysts anticipate that First Financial Bankshares, Inc. will post 1.78 EPS for the current year.

First Financial Bankshares Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 16th will be paid a $0.19 dividend. The ex-dividend date is Monday, June 16th. This is an increase from First Financial Bankshares's previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a dividend yield of 2.22%. First Financial Bankshares's dividend payout ratio is 46.91%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on FFIN shares. Hovde Group cut their price objective on First Financial Bankshares from $40.00 to $38.00 and set a "market perform" rating on the stock in a report on Monday, April 21st. Keefe, Bruyette & Woods cut 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 report on Monday, April 21st.

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.