7,871 Shares in First Financial Bankshares, Inc. (NASDAQ:FFIN) Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has purchased a new position in First Financial Bankshares, Inc. for approximately $283,000, acquiring 7,871 shares according to a recent Form 13F filing.
• First Financial Bankshares announced a quarterly dividend of $0.19 per share, resulting in an annualized yield of 2.2%, with the payment date set for October 1st.
• Institutional investors collectively own 69.78% of First Financial Bankshares, indicating strong institutional support, with significant increases in holdings from firms like JPMorgan Chase and LPL Financial.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 7,871 shares of the bank's stock, valued at approximately $283,000.

Several other large investors also recently made changes to their positions in FFIN. Dimensional Fund Advisors LP increased its holdings in First Financial Bankshares by 1.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,572,218 shares of the bank's stock worth $92,733,000 after buying an additional 42,280 shares during the last quarter. Northern Trust Corp grew its position in shares of First Financial Bankshares by 8.1% in the 4th quarter. Northern Trust Corp now owns 1,776,607 shares of the bank's stock valued at $64,047,000 after acquiring an additional 133,274 shares during the period. JPMorgan Chase & Co. increased its stake in shares of First Financial Bankshares by 48.9% during the 4th quarter. JPMorgan Chase & Co. now owns 687,300 shares of the bank's stock worth $24,777,000 after purchasing an additional 225,574 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of First Financial Bankshares by 1.9% during the 4th quarter. Ameriprise Financial Inc. now owns 480,869 shares of the bank's stock worth $17,338,000 after purchasing an additional 8,787 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in First Financial Bankshares by 1.7% in the 1st quarter. Rhumbline Advisers now owns 422,799 shares of the bank's stock valued at $15,187,000 after purchasing an additional 6,971 shares during the last quarter. Institutional investors and hedge funds own 69.78% of the company's stock.

Insider Buying and Selling at First Financial Bankshares

In other First Financial Bankshares news, Director Michael B. Denny purchased 5,000 shares of the firm's stock in a transaction that occurred on Friday, June 13th. The shares were acquired at an average cost of $36.02 per share, for a total transaction of $180,100.00. Following the completion of the purchase, the director owned 108,708 shares of the company's stock, valued at approximately $3,915,662.16. The trade was a 4.82% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders acquired a total of 5,850 shares of company stock worth $210,839 over the last three months. 4.22% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on FFIN shares. Hovde Group upped their price objective on First Financial Bankshares from $38.00 to $39.00 and gave the company a "market perform" rating in a research note on Monday, July 21st. Keefe, Bruyette & Woods increased their price target on First Financial Bankshares from $36.00 to $38.00 and gave the company a "market perform" rating in a research note on Friday, July 18th.

First Financial Bankshares Price Performance

First Financial Bankshares stock traded up $0.34 during trading hours on Friday, hitting $33.96. The company had a trading volume of 90,300 shares, compared to its average volume of 530,122. The firm has a 50-day moving average of $36.16 and a 200 day moving average of $35.72. The firm has a market cap of $4.86 billion, a PE ratio of 19.74 and a beta of 0.87. First Financial Bankshares, Inc. has a one year low of $30.58 and a one year high of $44.66.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last posted its earnings results on Thursday, July 17th. The bank reported $0.47 EPS for the quarter, beating the consensus estimate of $0.45 by $0.02. The company had revenue of $156.60 million for the quarter, compared to the consensus estimate of $156.41 million. First Financial Bankshares had a return on equity of 14.69% and a net margin of 31.01%. During the same quarter in the prior year, the business earned $0.37 earnings per share. As a group, research analysts expect that First Financial Bankshares, Inc. will post 1.78 earnings per share for the current year.

First Financial Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.2%. First Financial Bankshares's dividend payout ratio (DPR) is currently 44.19%.

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.