Tudor Investment Corp ET AL Increases Stake in First Financial Bankshares, Inc. (NASDAQ:FFIN)

Tudor Investment Corp ET AL boosted its holdings in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) by 936.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 133,485 shares of the bank's stock after purchasing an additional 120,607 shares during the period. Tudor Investment Corp ET AL owned about 0.09% of First Financial Bankshares worth $4,812,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of FFIN. Assetmark Inc. bought a new position in shares of First Financial Bankshares in the fourth quarter worth about $33,000. R Squared Ltd bought a new stake in shares of First Financial Bankshares during the fourth quarter worth $88,000. Harvest Fund Management Co. Ltd increased 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 worth $118,000 after buying an additional 3,039 shares in the last quarter. US Bancorp DE increased its holdings in shares of First Financial Bankshares by 7.4% during the fourth quarter. US Bancorp DE now owns 5,396 shares of the bank's stock worth $195,000 after buying an additional 370 shares in the last quarter. Finally, KBC Group NV lifted its stake 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 valued at $195,000 after acquiring an additional 1,819 shares during the last quarter. Institutional investors and hedge funds own 69.78% of the company's stock.

Analysts Set New Price Targets

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

First Financial Bankshares Price Performance

Shares of FFIN stock traded up $0.27 on Wednesday, hitting $34.50. The stock had a trading volume of 65,490 shares, compared to its average volume of 522,058. The stock has a market cap of $4.93 billion, a price-to-earnings ratio of 22.09 and a beta of 0.89. First Financial Bankshares, Inc. has a 12-month low of $27.62 and a 12-month high of $44.66. The business has a 50 day moving average of $34.46 and a 200 day moving average of $36.96.

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, meeting the consensus estimate 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. As a group, research analysts expect 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 paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date is Monday, June 16th. 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%.

Insiders Place Their Bets

In related news, Director Johnny Trotter bought 6,000 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average cost 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. The trade was a 0.64 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders acquired 7,099 shares of company stock valued at $247,751 over the last three months. Insiders own 4.22% of the company's stock.

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.