Jefferies Financial Group Inc. Invests $835,000 in First Financial Bankshares, Inc. (NASDAQ:FFIN)

Jefferies Financial Group Inc. purchased a new position in First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 23,159 shares of the bank's stock, valued at approximately $835,000.

Several other large investors also recently bought and sold shares of the business. Barclays PLC increased its stake in 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 acquiring an additional 131,259 shares during the last quarter. KBC Group NV boosted its holdings in shares of First Financial Bankshares by 50.5% in the 4th quarter. KBC Group NV now owns 5,422 shares of the bank's stock worth $195,000 after purchasing an additional 1,819 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of First Financial Bankshares by 2.3% in the 4th quarter. Pacer Advisors Inc. now owns 19,170 shares of the bank's stock worth $691,000 after purchasing an additional 432 shares during the period. R Squared Ltd bought a new position in shares of First Financial Bankshares during the 4th quarter valued at approximately $88,000. Finally, Sylvest Advisors LLC bought a new position in shares of First Financial Bankshares during the 4th quarter valued at approximately $436,000. Institutional investors own 69.78% of the company's stock.

First Financial Bankshares Price Performance

Shares of FFIN traded up $0.64 during mid-day trading on Tuesday, reaching $35.82. 500,908 shares of the company's stock traded hands, compared to its average volume of 549,718. The stock's 50-day moving average is $34.09 and its two-hundred day moving average is $36.48. First Financial Bankshares, Inc. has a 12 month low of $27.62 and a 12 month high of $44.66. The stock has a market cap of $5.12 billion, a P/E ratio of 22.96 and a beta of 0.89.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The bank reported $0.43 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.43. The company 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%. Research analysts predict 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 announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 16th will be paid a dividend of $0.19 per share. This is a positive change from First Financial Bankshares's previous quarterly dividend of $0.18. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date is Monday, June 16th. First Financial Bankshares's payout ratio is currently 46.91%.

Insider Activity

In related news, Director Johnny Trotter acquired 6,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average price of $35.12 per share, for a total transaction of $210,720.00. Following the acquisition, the director now directly owns 949,371 shares of the company's stock, valued at $33,341,909.52. This represents a 0.64% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last ninety days, insiders purchased 7,399 shares of company stock valued at $258,266. 4.22% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on FFIN. Hovde Group lowered their price target 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. Keefe, Bruyette & Woods reduced their target price on shares of First Financial Bankshares from $38.00 to $36.00 and set a "market perform" rating on the stock in a research note 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.