Jane Street Group LLC Has $9.04 Million Holdings in First Financial Bankshares, Inc. $FFIN

Key Points

• Jane Street Group LLC significantly increased its stake in First Financial Bankshares by 484.7% in the first quarter, owning 251,601 shares valued at approximately $9 million.
• First Financial Bankshares recently announced a quarterly dividend of $0.19 per share, representing a yield of 2.0% and a payout ratio of 44.19%.
• The bank reported a net margin of 31.01% and earnings of $0.47 EPS in its last earnings report, beating estimates and demonstrating growth from the previous year's earnings of $0.37 EPS.

Jane Street Group LLC lifted its holdings in First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) by 484.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 251,601 shares of the bank's stock after purchasing an additional 208,573 shares during the period. Jane Street Group LLC owned 0.18% of First Financial Bankshares worth $9,038,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of First Financial Bankshares by 36.0% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,465,774 shares of the bank's stock worth $88,571,000 after purchasing an additional 652,575 shares during the period. Northern Trust Corp increased its stake in shares of First Financial Bankshares by 8.1% in the fourth quarter. Northern Trust Corp now owns 1,776,607 shares of the bank's stock worth $64,047,000 after purchasing an additional 133,274 shares during the period. Ameriprise Financial Inc. increased its stake in shares of First Financial Bankshares by 125.7% in the first quarter. Ameriprise Financial Inc. now owns 1,085,517 shares of the bank's stock worth $38,993,000 after purchasing an additional 604,648 shares during the period. Nuveen LLC bought a new position in shares of First Financial Bankshares in the first quarter worth about $34,662,000. Finally, Fuller & Thaler Asset Management Inc. increased its stake in shares of First Financial Bankshares by 4.1% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 953,592 shares of the bank's stock worth $34,253,000 after purchasing an additional 37,733 shares during the period. 69.78% of the stock is currently owned by institutional investors.

First Financial Bankshares Trading Down 1.4%

FFIN traded down $0.51 on Friday, hitting $36.73. 443,902 shares of the stock traded hands, compared to its average volume of 511,244. The business has a fifty day moving average price of $36.31 and a two-hundred day moving average price of $35.50. The firm has a market capitalization of $5.26 billion, a PE ratio of 21.35 and a beta of 0.89. First Financial Bankshares, Inc. has a 52 week low of $30.58 and a 52 week high of $44.66.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The bank reported $0.47 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.02. The company had revenue of $156.60 million for the quarter, compared to the consensus estimate of $156.41 million. First Financial Bankshares had a return on equity of 14.69% and a net margin of 31.01%.During the same period in the previous year, the business earned $0.37 earnings per share. On average, equities research analysts forecast that First Financial Bankshares, Inc. will post 1.78 EPS for the current fiscal year.

First Financial Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Monday, September 15th. First Financial Bankshares's payout ratio is presently 44.19%.

Analyst Ratings Changes

FFIN has been the topic of several research reports. Keefe, Bruyette & Woods boosted their price target on First Financial Bankshares from $36.00 to $38.00 and gave the company a "market perform" rating in a research note on Friday, July 18th. Hovde Group boosted their price target on First Financial Bankshares from $38.00 to $39.00 and gave the company a "market perform" rating in a research note on Monday, July 21st. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $39.25.

Insiders Place Their Bets

In related news, Director Michael B. Denny acquired 5,000 shares of the firm's stock in a transaction on Friday, June 13th. The shares were bought at an average cost of $36.02 per share, with a total value of $180,100.00. Following the completion of the acquisition, the director owned 108,708 shares of the company's stock, valued at $3,915,662.16. This trade represents a 4.82% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 4.22% of the company's stock.

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.