Universal Beteiligungs und Servicegesellschaft mbH Invests $283,000 in First Financial Bankshares, Inc. (NASDAQ:FFIN)

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 bought a new stake in First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,871 shares of the bank's stock, valued at approximately $283,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FFIN. Fifth Third Bancorp boosted its position in shares of First Financial Bankshares by 161.5% during the 1st quarter. Fifth Third Bancorp now owns 714 shares of the bank's stock valued at $26,000 after purchasing an additional 441 shares in the last quarter. Investment Research & Advisory Group Inc. bought a new stake in shares of First Financial Bankshares in the 1st quarter worth approximately $26,000. UMB Bank n.a. raised its holdings in First Financial Bankshares by 245.6% during the first quarter. UMB Bank n.a. now owns 1,904 shares of the bank's stock valued at $68,000 after acquiring an additional 1,353 shares during the period. GAMMA Investing LLC grew its position in First Financial Bankshares by 89.9% in the first quarter. GAMMA Investing LLC now owns 1,927 shares of the bank's stock worth $69,000 after acquiring an additional 912 shares in the last quarter. Finally, Versant Capital Management Inc raised its stake in shares of First Financial Bankshares by 10.7% during the first quarter. Versant Capital Management Inc now owns 3,861 shares of the bank's stock valued at $139,000 after acquiring an additional 374 shares in the last quarter. Institutional investors own 69.78% of the company's stock.

First Financial Bankshares Stock Performance

Shares of FFIN stock traded down $0.30 during mid-day trading on Wednesday, reaching $34.01. The company's stock had a trading volume of 330,912 shares, compared to its average volume of 533,239. The company has a market cap of $4.87 billion, a P/E ratio of 19.77 and a beta of 0.87. First Financial Bankshares, Inc. has a 1-year low of $30.58 and a 1-year high of $44.66. The firm's 50-day moving average is $36.17 and its two-hundred day moving average is $35.74.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The bank reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.02. The business had revenue of $156.60 million for the quarter, compared to analyst estimates of $156.41 million. First Financial Bankshares had a net margin of 31.01% and a return on equity of 14.69%. During the same quarter in the previous year, the firm posted $0.37 earnings per share. Sell-side analysts anticipate that First Financial Bankshares, Inc. will post 1.78 EPS 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. Shareholders of record on Monday, September 15th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Monday, September 15th. First Financial Bankshares's dividend payout ratio is currently 44.19%.

Insiders Place Their Bets

In other First Financial Bankshares news, Director Michael B. Denny acquired 5,000 shares of the company's stock in a transaction that occurred on Friday, June 13th. The shares were bought at an average cost of $36.02 per share, with a total value of $180,100.00. Following the completion of the transaction, the director directly owned 108,708 shares of the company's stock, valued at approximately $3,915,662.16. This represents a 4.82% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders have purchased 5,850 shares of company stock worth $210,839. Corporate insiders own 3.96% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on FFIN. Keefe, Bruyette & Woods raised their price target on shares of 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. Hovde Group raised their price target on shares of First Financial Bankshares from $38.00 to $39.00 and gave the stock a "market perform" rating in a research report on Monday, July 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.