BI Asset Management Fondsmaeglerselskab A S Purchases New Holdings in First Financial Bankshares, Inc. $FFIN

BI Asset Management Fondsmaeglerselskab A S purchased a new stake in First Financial Bankshares, Inc. (NASDAQ:FFIN) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,016 shares of the bank’s stock, valued at approximately $36,000.

Other hedge funds have also made changes to their positions in the company. Squarepoint Ops LLC lifted its position in shares of First Financial Bankshares by 65.9% in the 4th quarter. Squarepoint Ops LLC now owns 29,807 shares of the bank’s stock valued at $1,075,000 after acquiring an additional 11,836 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of First Financial Bankshares by 11.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 337,097 shares of the bank’s stock valued at $12,152,000 after acquiring an additional 35,881 shares in the last quarter. Jefferies Financial Group Inc. purchased a new stake in shares of First Financial Bankshares in the 4th quarter valued at approximately $835,000. GAMMA Investing LLC grew its position in First Financial Bankshares by 89.9% during the first quarter. GAMMA Investing LLC now owns 1,927 shares of the bank’s stock valued at $69,000 after purchasing an additional 912 shares in the last quarter. Finally, GTS Securities LLC purchased a new position in First Financial Bankshares during the fourth quarter valued at approximately $278,000. Hedge funds and other institutional investors own 69.78% of the company’s stock.

Insider Buying and Selling at First Financial Bankshares

In related news, Director Michael B. Denny purchased 5,000 shares of the firm’s stock in a transaction dated Friday, June 13th. The shares were acquired at an average cost of $36.02 per share, with a total value of $180,100.00. Following the completion of the purchase, the director directly owned 108,708 shares of the company’s stock, valued at $3,915,662.16. This trade represents a 4.82% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders purchased 5,850 shares of company stock valued at $210,839. Corporate insiders own 3.96% of the company’s stock.

Analysts Set New Price Targets

FFIN has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods boosted their price objective on shares of First Financial Bankshares from $36.00 to $38.00 and gave the company a “market perform” rating in a research report on Friday, July 18th. Hovde Group boosted their price objective on shares of First Financial Bankshares from $38.00 to $39.00 and gave the company a “market perform” rating in a research report on Monday, July 21st. Four analysts have rated the stock with a Hold rating, According to MarketBeat.com, First Financial Bankshares currently has a consensus rating of “Hold” and an average price target of $39.25.

First Financial Bankshares Stock Performance

Shares of FFIN opened at $37.63 on Wednesday. The firm has a market cap of $5.39 billion, a PE ratio of 21.88 and a beta of 0.87. The firm’s 50 day moving average price is $36.08 and its 200 day moving average price is $35.52. First Financial Bankshares, Inc. has a twelve month low of $30.58 and a twelve month high of $44.66.

First Financial Bankshares (NASDAQ:FFIN) last issued its quarterly earnings data on Thursday, July 17th. The bank reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.02. The firm 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 last year, the firm earned $0.37 earnings per share. On average, sell-side analysts anticipate that First Financial Bankshares, Inc. will post 1.78 earnings per share for the current fiscal year.

First Financial Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Monday, September 15th. First Financial Bankshares’s dividend payout ratio is currently 44.19%.

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.