Jane Street Group LLC Sells 125,559 Shares of First Financial Bankshares, Inc. (NASDAQ:FFIN)

Jane Street Group LLC trimmed its stake in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 74.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,028 shares of the bank’s stock after selling 125,559 shares during the period. Jane Street Group LLC’s holdings in First Financial Bankshares were worth $1,551,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Strategic Financial Concepts LLC lifted its stake in shares of First Financial Bankshares by 3,508.3% during the 4th quarter. Strategic Financial Concepts LLC now owns 2,807,834 shares of the bank’s stock worth $101,222,000 after acquiring an additional 2,730,017 shares during the last quarter. Norges Bank bought a new stake in shares of First Financial Bankshares during the 4th quarter worth approximately $47,757,000. Axiom Investors LLC DE bought a new stake in shares of First Financial Bankshares during the 4th quarter worth approximately $16,937,000. Raymond James Financial Inc. bought a new stake in shares of First Financial Bankshares during the 4th quarter worth approximately $8,341,000. Finally, JPMorgan Chase & Co. lifted 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 acquiring an additional 225,574 shares during the last quarter. 69.78% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Johnny Trotter purchased 6,000 shares of the firm’s stock in a transaction on Wednesday, March 12th. The shares were bought at an average cost of $35.12 per share, for a total transaction of $210,720.00. Following the completion of the purchase, the director now directly owns 949,371 shares of the company’s stock, valued at approximately $33,341,909.52. This trade 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 at this link. Over the last three months, insiders acquired 7,099 shares of company stock worth $247,751. Company insiders own 4.22% of the company’s stock.

First Financial Bankshares Stock Down 0.3%

Shares of FFIN stock opened at $35.86 on Monday. The stock has a market cap of $5.13 billion, a PE ratio of 22.99 and a beta of 0.89. The business has a 50-day simple moving average of $34.28 and a 200-day simple moving average of $36.89. First Financial Bankshares, Inc. has a 52-week low of $27.62 and a 52-week high of $44.66.

First Financial Bankshares (NASDAQ:FFIN) last released its quarterly earnings results on Thursday, April 17th. The bank reported $0.43 earnings per share for the quarter, hitting analysts’ consensus estimates 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. Sell-side analysts anticipate that First Financial Bankshares, Inc. will post 1.78 earnings per share for the current fiscal year.

First Financial Bankshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 16th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 2.12%. This is a positive change from First Financial Bankshares’s previous quarterly dividend of $0.18. The ex-dividend date is Monday, June 16th. First Financial Bankshares’s dividend payout ratio is presently 46.91%.

Analysts Set New Price Targets

FFIN has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods decreased their target price on 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. Hovde Group decreased their target price on First Financial Bankshares from $40.00 to $38.00 and set a “market perform” rating for the company in a research report on Monday, April 21st.

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.