26,384 Shares in First Financial Bankshares, Inc. $FFIN Bought by Fox Run Management L.L.C.

Key Points

• Fox Run Management L.L.C. recently acquired 26,384 shares of First Financial Bankshares, valued at about $948,000, as disclosed in their 13F filing with the SEC.
• First Financial Bankshares reported earnings per share of $0.47 for the last quarter, exceeding analysts' expectations, with a net margin of 31.01% and revenue of $156.60 million.
• The company announced a quarterly dividend of $0.19, representing a 2.1% dividend yield, scheduled for payment on October 1st to investors of record.

Fox Run Management L.L.C. acquired a new stake in First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 26,384 shares of the bank's stock, valued at approximately $948,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fifth Third Bancorp lifted its position in shares of First Financial Bankshares by 161.5% during the 1st quarter. Fifth Third Bancorp now owns 714 shares of the bank's stock valued at $26,000 after acquiring an additional 441 shares during the period. Investment Research & Advisory Group Inc. bought a new stake in shares of First Financial Bankshares during the 1st quarter valued at $26,000. Assetmark Inc. lifted its position in shares of First Financial Bankshares by 76.5% during the 1st quarter. Assetmark Inc. now owns 1,629 shares of the bank's stock valued at $59,000 after acquiring an additional 706 shares during the period. UMB Bank n.a. lifted its position 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 valued at $68,000 after acquiring an additional 1,353 shares during the period. Finally, GAMMA Investing LLC lifted its position in shares of First Financial Bankshares by 89.9% during 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 period. 69.78% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on FFIN shares. Hovde Group upped their target price on First Financial Bankshares from $38.00 to $39.00 and gave the company a "market perform" rating in a research report on Monday, July 21st. Keefe, Bruyette & Woods upped their target price on First Financial Bankshares from $36.00 to $38.00 and gave the company a "market perform" rating in a research report on Friday, July 18th.

First Financial Bankshares Price Performance

Shares of FFIN stock traded up $0.25 on Monday, hitting $35.63. 710,611 shares of the company's stock were exchanged, compared to its average volume of 590,566. First Financial Bankshares, Inc. has a 12 month low of $30.58 and a 12 month high of $44.66. The stock has a market cap of $5.10 billion, a P/E ratio of 20.72 and a beta of 0.87. The company has a 50 day moving average of $36.03 and a 200 day moving average of $35.56.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The bank reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.02. The business had revenue of $156.60 million during 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 prior year, the company earned $0.37 EPS. Sell-side analysts predict that First Financial Bankshares, Inc. will post 1.78 EPS for the current fiscal year.

First Financial Bankshares Dividend Announcement

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

Insider Buying and Selling at First Financial Bankshares

In other First Financial Bankshares news, Director Michael B. Denny bought 5,000 shares of the firm's stock in a transaction that occurred on Friday, June 13th. The stock was acquired at an average price of $36.02 per share, with a total value of $180,100.00. Following the completion of the purchase, the director directly owned 108,708 shares of the company's stock, valued at approximately $3,915,662.16. This trade represents a 4.82% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Insiders bought a total of 5,850 shares of company stock valued at $210,839 over the last ninety days. Corporate insiders own 3.96% of the company's stock.

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.