23,159 Shares in First Financial Bankshares, Inc. (NASDAQ:FFIN) Purchased by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. acquired a new position in First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 23,159 shares of the bank's stock, valued at approximately $835,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Assetmark Inc. purchased a new position in shares of First Financial Bankshares during the fourth quarter valued at $33,000. R Squared Ltd purchased a new position in shares of First Financial Bankshares during the fourth quarter valued at $88,000. Harvest Fund Management Co. Ltd grew its holdings in shares of First Financial Bankshares by 1,497.0% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 3,242 shares of the bank's stock valued at $118,000 after buying an additional 3,039 shares in the last quarter. KBC Group NV boosted its position in First Financial Bankshares by 50.5% during the fourth quarter. KBC Group NV now owns 5,422 shares of the bank's stock valued at $195,000 after purchasing an additional 1,819 shares during the last quarter. Finally, US Bancorp DE boosted its position in First Financial Bankshares by 7.4% during the fourth 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 last quarter. 69.78% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Johnny Trotter purchased 6,000 shares of First Financial Bankshares stock in a transaction on Wednesday, March 12th. The stock was bought at an average price of $35.12 per share, with a total value of $210,720.00. Following the completion of the transaction, the director now directly owns 949,371 shares of the company's stock, valued at approximately $33,341,909.52. This represents a 0.64% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders purchased 7,399 shares of company stock valued at $258,266 over the last quarter. Insiders own 4.22% of the company's stock.

First Financial Bankshares Stock Down 0.1%

Shares of NASDAQ:FFIN traded down $0.02 on Friday, reaching $35.36. The company had a trading volume of 955,209 shares, compared to its average volume of 548,903. First Financial Bankshares, Inc. has a twelve month low of $27.62 and a twelve month high of $44.66. The stock has a 50-day moving average price of $34.12 and a 200 day moving average price of $36.60. The stock has a market capitalization of $5.06 billion, a P/E ratio of 22.67 and a beta of 0.89.

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

First Financial Bankshares Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 16th will be given a $0.19 dividend. The ex-dividend date is Monday, June 16th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.15%. This is a boost from First Financial Bankshares's previous quarterly dividend of $0.18. First Financial Bankshares's payout ratio is currently 46.91%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on FFIN. Keefe, Bruyette & Woods reduced their price objective on First Financial Bankshares from $38.00 to $36.00 and set a "market perform" rating for the company in a research report on Monday, April 21st. Hovde Group reduced their price objective on First Financial Bankshares from $40.00 to $38.00 and set a "market perform" rating for the company in a research report on Monday, April 21st.

First Financial Bankshares 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.