Inscription Capital LLC Takes Position in First Financial Bankshares, Inc. (NASDAQ:FFIN)

Inscription Capital LLC purchased a new position in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 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. Federated Hermes Inc. raised its stake in shares of First Financial Bankshares by 2.3% during the 4th quarter. Federated Hermes Inc. now owns 13,313 shares of the bank's stock valued at $480,000 after purchasing an additional 295 shares during the period. Arizona State Retirement System raised its stake in shares of First Financial Bankshares by 0.9% during the 4th quarter. Arizona State Retirement System now owns 35,263 shares of the bank's stock valued at $1,271,000 after purchasing an additional 302 shares during the period. Numerai GP LLC raised its stake in shares of First Financial Bankshares by 1.8% during the 4th quarter. Numerai GP LLC now owns 18,033 shares of the bank's stock valued at $650,000 after purchasing an additional 312 shares during the period. 49 Wealth Management LLC raised its stake in shares of First Financial Bankshares by 4.7% during the 4th quarter. 49 Wealth Management LLC now owns 7,825 shares of the bank's stock valued at $282,000 after purchasing an additional 350 shares during the period. Finally, US Bancorp DE raised its stake in shares of First Financial Bankshares by 7.4% during the 4th quarter. US Bancorp DE now owns 5,396 shares of the bank's stock valued at $195,000 after purchasing an additional 370 shares during the period. 69.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on FFIN shares. Keefe, Bruyette & Woods dropped their target price on First Financial Bankshares from $38.00 to $36.00 and set a "market perform" rating for the company in a report on Monday, April 21st. Hovde Group decreased their price objective on First Financial Bankshares from $40.00 to $38.00 and set a "market perform" rating for the company in a report on Monday, April 21st.

First Financial Bankshares Stock Down 0.5%

Shares of NASDAQ FFIN traded down $0.18 during trading on Friday, reaching $34.92. The company had a trading volume of 1,934,826 shares, compared to its average volume of 548,506. First Financial Bankshares, Inc. has a 12-month low of $28.10 and a 12-month high of $44.66. The stock has a market cap of $5.00 billion, a PE ratio of 21.56 and a beta of 0.87. The business's 50-day moving average is $34.76 and its 200 day moving average is $35.96.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The bank reported $0.43 EPS for the quarter, meeting 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 company had revenue of $149.02 million for the quarter, compared to analysts' expectations of $149.48 million. On average, analysts anticipate that First Financial Bankshares, Inc. will post 1.78 earnings per share for the current year.

First Financial Bankshares Increases Dividend

The business also recently disclosed 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 of this dividend is Monday, June 16th. This represents a $0.76 annualized dividend and a dividend yield of 2.18%. This is an increase from First Financial Bankshares's previous quarterly dividend of $0.18. First Financial Bankshares's dividend payout ratio (DPR) is 46.91%.

Insider Activity at First Financial Bankshares

In other news, Director Michael B. Denny purchased 5,000 shares of the business's stock in a transaction on Friday, June 13th. The stock was acquired at an average price of $36.02 per share, for a total transaction of $180,100.00. Following the acquisition, the director now directly owns 108,708 shares of the company's stock, valued at $3,915,662.16. This represents a 4.82% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders have acquired 6,399 shares of company stock valued at $227,646. 4.22% of the stock is owned by company insiders.

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.