First Financial Bankshares, Inc. (NASDAQ:FFIN) Stock Holdings Boosted by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) by 11.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 337,097 shares of the bank's stock after acquiring an additional 35,881 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.24% of First Financial Bankshares worth $12,152,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Squarepoint Ops LLC lifted its holdings in First Financial Bankshares by 65.9% during the 4th quarter. Squarepoint Ops LLC now owns 29,807 shares of the bank's stock worth $1,075,000 after buying an additional 11,836 shares during the last quarter. Barclays PLC boosted its holdings in First Financial Bankshares by 83.0% in 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 during the period. Proficio Capital Partners LLC bought a new stake in First Financial Bankshares during the fourth quarter valued at $402,000. Atria Wealth Solutions Inc. raised its holdings in shares of First Financial Bankshares by 26.4% during the fourth quarter. Atria Wealth Solutions Inc. now owns 43,335 shares of the bank's stock worth $1,567,000 after purchasing an additional 9,056 shares during the period. Finally, Point72 Asset Management L.P. acquired a new stake in shares of First Financial Bankshares during the fourth quarter worth $447,000. 69.78% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at First Financial Bankshares

In other First Financial Bankshares news, Director Johnny Trotter purchased 6,000 shares of the stock in a transaction dated Wednesday, March 12th. The shares were bought at an average cost of $35.12 per share, with a total value of $210,720.00. Following the completion of the acquisition, the director now owns 949,371 shares of the company's stock, valued at approximately $33,341,909.52. This trade represents a 0.64% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have acquired 7,399 shares of company stock valued at $258,266 in the last quarter. Corporate insiders own 4.22% of the company's stock.

Wall Street Analyst Weigh In

FFIN has been the subject of several research reports. Keefe, Bruyette & Woods decreased their price target on shares of 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 target price on First Financial Bankshares from $40.00 to $38.00 and set a "market perform" rating for the company in a research note on Monday, April 21st.

First Financial Bankshares Stock Performance

Shares of FFIN traded down $0.29 during midday trading on Wednesday, hitting $35.53. 366,163 shares of the stock traded hands, compared to its average volume of 549,433. The business's 50 day moving average price is $34.08 and its two-hundred day moving average price is $36.48. The firm has a market capitalization of $5.08 billion, a PE ratio of 22.78 and a beta of 0.89. First Financial Bankshares, Inc. has a 1-year low of $27.62 and a 1-year high of $44.66.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last posted its earnings results on Thursday, April 17th. The bank reported $0.43 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates 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 analyst estimates of $149.48 million. As a group, equities research analysts forecast that First Financial Bankshares, Inc. will post 1.78 EPS for the current fiscal year.

First Financial Bankshares Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 16th will be paid a dividend of $0.19 per share. The ex-dividend date is Monday, June 16th. This represents a $0.76 annualized dividend and a yield of 2.14%. This is an increase from First Financial Bankshares's previous quarterly dividend of $0.18. First Financial Bankshares's payout ratio is presently 46.91%.

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.