Cibc World Markets Corp Buys New Stake in First Financial Bankshares, Inc. (NASDAQ:FFIN)

Cibc World Markets Corp bought a new stake in First Financial Bankshares, Inc. (NASDAQ:FFIN) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 12,178 shares of the bank’s stock, valued at approximately $439,000.

Other hedge funds have also recently bought and sold shares of the company. Assetmark Inc. bought a new stake in First Financial Bankshares in the 4th quarter valued at $33,000. R Squared Ltd bought a new stake in First Financial Bankshares in the 4th quarter valued at $88,000. KBC Group NV boosted its holdings in 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 purchasing an additional 1,819 shares during the period. US Bancorp DE boosted its holdings in First Financial Bankshares by 7.4% in the 4th quarter. US Bancorp DE now owns 5,396 shares of the bank’s stock valued at $195,000 after purchasing an additional 370 shares during the period. Finally, Captrust Financial Advisors bought a new stake in First Financial Bankshares in the 3rd quarter valued at $205,000. 69.78% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods increased their price target on shares of First Financial Bankshares from $40.00 to $41.00 and gave the company a “market perform” rating in a report on Monday, January 27th.

Insider Activity

In other news, Director Johnny Trotter purchased 6,000 shares of First Financial Bankshares stock in a transaction on Wednesday, March 12th. The shares were purchased at an average cost of $35.12 per share, for a total transaction of $210,720.00. Following the completion of the transaction, the director now directly owns 949,371 shares in the company, valued at approximately $33,341,909.52. This represents a 0.64 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.22% of the stock is owned by company insiders.

First Financial Bankshares Stock Performance

Shares of First Financial Bankshares stock opened at $35.70 on Monday. The firm’s 50-day simple moving average is $36.90 and its 200-day simple moving average is $37.72. First Financial Bankshares, Inc. has a twelve month low of $27.62 and a twelve month high of $44.66. The firm has a market cap of $5.10 billion, a P/E ratio of 22.88 and a beta of 0.78.

First Financial Bankshares (NASDAQ:FFIN) last issued its earnings results on Thursday, January 23rd. The bank reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.03. First Financial Bankshares had a net margin of 29.69% and a return on equity of 14.24%. On average, equities analysts forecast that First Financial Bankshares, Inc. will post 1.78 earnings per share for the current fiscal year.

First Financial Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.72 annualized dividend and a dividend yield of 2.02%. First Financial Bankshares’s dividend payout ratio (DPR) is currently 46.15%.

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.