Jane Street Group LLC Sells 125,559 Shares of First Financial Bankshares, Inc. (NASDAQ:FFIN)

Jane Street Group LLC trimmed its holdings in First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) by 74.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in FFIN. Vanguard Group Inc. lifted its holdings in First Financial Bankshares by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 14,095,584 shares of the bank's stock worth $508,146,000 after purchasing an additional 110,923 shares during the last quarter. Strategic Financial Concepts LLC lifted its holdings in First Financial Bankshares by 3,508.3% during the 4th quarter. Strategic Financial Concepts LLC now owns 2,807,834 shares of the bank's stock worth $101,222,000 after purchasing an additional 2,730,017 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in First Financial Bankshares by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,572,218 shares of the bank's stock worth $92,733,000 after purchasing an additional 42,280 shares during the last quarter. Northern Trust Corp lifted its holdings in First Financial Bankshares by 8.1% during the 4th 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 last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in First Financial Bankshares by 0.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,705,788 shares of the bank's stock worth $61,494,000 after purchasing an additional 4,608 shares during the last quarter. 69.78% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other First Financial Bankshares news, Director Johnny Trotter purchased 6,000 shares of the firm's stock in a transaction dated Wednesday, March 12th. The shares were bought at an average price of $35.12 per share, for a total transaction of $210,720.00. Following the purchase, the director now owns 949,371 shares in the company, valued at approximately $33,341,909.52. This trade represents a 0.64% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last quarter, insiders have acquired 7,099 shares of company stock worth $247,751. Insiders own 3.96% of the company's stock.

First Financial Bankshares Trading Down 0.8%

NASDAQ FFIN traded down $0.26 during midday trading on Friday, hitting $34.21. The company had a trading volume of 425,120 shares, compared to its average volume of 546,559. The company has a market capitalization of $4.89 billion, a PE ratio of 21.93 and a beta of 0.89. The firm has a 50-day moving average price of $34.23 and a 200-day moving average price of $36.80. First Financial Bankshares, Inc. has a twelve month low of $27.62 and a twelve month high of $44.66.

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

First Financial Bankshares Increases Dividend

The firm also recently declared 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. This is a positive change from First Financial Bankshares's previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.76 annualized dividend and a dividend yield of 2.22%. First Financial Bankshares's dividend payout ratio (DPR) is presently 46.91%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on FFIN shares. Hovde Group dropped their price target 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. Keefe, Bruyette & Woods dropped their price objective 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.

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.