First Financial Bankshares, Inc. (NASDAQ:FFIN) Shares Bought by Diversified Trust Co

Diversified Trust Co grew its holdings in First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) by 51.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,138 shares of the bank's stock after buying an additional 14,999 shares during the quarter. Diversified Trust Co's holdings in First Financial Bankshares were worth $1,585,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FFIN. Fifth Third Bancorp boosted its holdings in First Financial Bankshares by 161.5% during the first quarter. Fifth Third Bancorp now owns 714 shares of the bank's stock worth $26,000 after buying an additional 441 shares in the last quarter. Investment Research & Advisory Group Inc. purchased a new stake in First Financial Bankshares during the first quarter worth $26,000. Assetmark Inc. purchased a new position in shares of First Financial Bankshares in the fourth quarter valued at $33,000. UMB Bank n.a. raised its stake in shares of First Financial Bankshares by 245.6% during the 1st quarter. UMB Bank n.a. now owns 1,904 shares of the bank's stock worth $68,000 after buying an additional 1,353 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in First Financial Bankshares by 89.9% in the 1st quarter. GAMMA Investing LLC now owns 1,927 shares of the bank's stock valued at $69,000 after acquiring an additional 912 shares during the last quarter. Institutional investors and hedge funds own 69.78% of the company's stock.

Insider Activity

In other First Financial Bankshares news, Director Michael B. Denny purchased 5,000 shares of the firm's stock in a transaction that occurred on Friday, June 13th. The stock was purchased at an average cost of $36.02 per share, with a total value of $180,100.00. Following the transaction, the director owned 108,708 shares in the company, valued at approximately $3,915,662.16. This trade represents a 4.82% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have acquired a total of 6,399 shares of company stock valued at $227,646 over the last ninety days. 3.96% of the stock is owned by corporate insiders.

First Financial Bankshares Price Performance

NASDAQ:FFIN traded up $1.26 during mid-day trading on Tuesday, reaching $37.24. The company's stock had a trading volume of 385,045 shares, compared to its average volume of 537,906. The stock has a market cap of $5.33 billion, a P/E ratio of 23.04 and a beta of 0.87. The company's fifty day simple moving average is $35.19 and its two-hundred day simple moving average is $35.73. First Financial Bankshares, Inc. has a twelve month low of $28.35 and a twelve month high of $44.66.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last issued 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 net margin of 30.01% and a return on equity of 14.31%. The firm had revenue of $149.02 million during the quarter, compared to analyst estimates of $149.48 million. Sell-side analysts expect that First Financial Bankshares, Inc. will post 1.78 EPS for the current fiscal year.

First Financial Bankshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 16th will be paid a dividend of $0.19 per share. This is an increase from First Financial Bankshares's previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a yield of 2.04%. The ex-dividend date is Monday, June 16th. First Financial Bankshares's payout ratio is currently 46.91%.

Wall Street Analyst Weigh In

FFIN has been the subject of a number of recent research reports. Hovde Group dropped their price objective on shares of First Financial Bankshares from $40.00 to $38.00 and set a "market perform" rating for the company in a research note on Monday, April 21st. Keefe, Bruyette & Woods dropped their price objective on First Financial Bankshares from $38.00 to $36.00 and set a "market perform" rating for the company in a research report on Monday, April 21st.

About First Financial Bankshares

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.