Inscription Capital LLC Invests $814,000 in First Financial Bankshares, Inc. (NASDAQ:FFIN)

Inscription Capital LLC acquired a new position in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 24,800 shares of the bank's stock, valued at approximately $814,000.

Other hedge funds have also bought and sold shares of the company. Squarepoint Ops LLC lifted its stake in First Financial Bankshares by 65.9% in the fourth quarter. Squarepoint Ops LLC now owns 29,807 shares of the bank's stock valued at $1,075,000 after buying an additional 11,836 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of First Financial Bankshares by 11.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 337,097 shares of the bank's stock valued at $12,152,000 after acquiring an additional 35,881 shares during the period. Jefferies Financial Group Inc. bought a new position in First Financial Bankshares during the fourth quarter worth $835,000. GTS Securities LLC acquired a new stake in First Financial Bankshares in the fourth quarter worth $278,000. Finally, Proficio Capital Partners LLC bought a new stake in First Financial Bankshares in the fourth quarter valued at $402,000. Institutional investors own 69.78% of the company's stock.

Insiders Place Their Bets

In other news, Director Michael B. Denny acquired 5,000 shares of First Financial Bankshares stock in a transaction on Friday, June 13th. The stock was acquired at an average cost of $36.02 per share, with a total value of $180,100.00. Following the transaction, the director now owns 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have bought 6,399 shares of company stock valued at $227,646 in the last three months. 4.22% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

NASDAQ FFIN remained flat at $35.10 during trading hours on Thursday. 574,019 shares of the company traded hands, compared to its average volume of 548,865. The stock has a market capitalization of $5.02 billion, a P/E ratio of 21.67 and a beta of 0.87. First Financial Bankshares, Inc. has a twelve month low of $27.85 and a twelve month high of $44.66. The company's 50 day moving average price is $34.61 and its 200-day moving average price is $36.08.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last issued its quarterly earnings data 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 14.31% and a net margin of 30.01%. The firm had revenue of $149.02 million during the quarter, compared to the consensus estimate of $149.48 million. On average, research analysts anticipate that First Financial Bankshares, Inc. will post 1.78 EPS for the current fiscal year.

First Financial Bankshares Increases Dividend

The business 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. The ex-dividend date is Monday, June 16th. This is a boost from First Financial Bankshares's previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a yield of 2.17%. First Financial Bankshares's dividend payout ratio (DPR) is 46.91%.

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.