First Financial Bankshares, Inc. (NASDAQ:FFIN) Shares Sold by Jane Street Group LLC

Jane Street Group LLC lowered its stake in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) by 74.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,028 shares of the bank's stock after selling 125,559 shares during the period. Jane Street Group LLC's holdings in First Financial Bankshares were worth $1,551,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Barclays PLC increased its position in shares of First Financial Bankshares by 83.0% during the third quarter. Barclays PLC now owns 289,468 shares of the bank's stock worth $10,714,000 after purchasing an additional 131,259 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in First Financial Bankshares during the 4th quarter worth $603,000. Ballentine Partners LLC grew its holdings in shares of First Financial Bankshares by 3.9% during the fourth quarter. Ballentine Partners LLC now owns 12,665 shares of the bank's stock worth $457,000 after buying an additional 475 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of First Financial Bankshares by 1.8% during the fourth quarter. Blue Trust Inc. now owns 36,788 shares of the bank's stock worth $1,362,000 after buying an additional 665 shares in the last quarter. Finally, KBC Group NV raised its position in shares of First Financial Bankshares by 50.5% in the fourth quarter. KBC Group NV now owns 5,422 shares of the bank's stock valued at $195,000 after buying an additional 1,819 shares during the last quarter. Hedge funds and other institutional investors own 69.78% of the company's stock.

Insider Activity

In other First Financial Bankshares news, Director Johnny Trotter acquired 6,000 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average cost of $35.12 per share, for a total transaction of $210,720.00. Following the completion of the transaction, the director now owns 949,371 shares of the company's stock, valued at approximately $33,341,909.52. The trade was a 0.64% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders have bought 7,099 shares of company stock valued at $247,751. 3.96% of the stock is currently owned by company insiders.

First Financial Bankshares Stock Down 0.6%

Shares of FFIN traded down $0.22 during midday trading on Thursday, reaching $34.47. The company had a trading volume of 345,318 shares, compared to its average volume of 544,836. First Financial Bankshares, Inc. has a 1-year low of $27.62 and a 1-year high of $44.66. The firm has a 50 day simple moving average of $34.29 and a 200-day simple moving average of $36.86. The stock has a market cap of $4.93 billion, a PE ratio of 22.10 and a beta of 0.89.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The bank reported $0.43 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.43. First Financial Bankshares had a net margin of 29.69% and a return on equity of 14.24%. The firm had revenue of $149.02 million during the quarter, compared to analysts' expectations of $149.48 million. As a group, sell-side analysts anticipate that First Financial Bankshares, Inc. will post 1.78 earnings per share for the current fiscal year.

First Financial Bankshares Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 16th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.20%. This is an increase from First Financial Bankshares's previous quarterly dividend of $0.18. First Financial Bankshares's dividend payout ratio (DPR) is currently 46.91%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Hovde Group lowered their price target 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 lowered their target price 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 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.