KBC Group NV Raises Stock Position in First Financial Bankshares, Inc. (NASDAQ:FFIN)

KBC Group NV boosted its holdings in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 6.8% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 5,792 shares of the bank’s stock after buying an additional 370 shares during the period. KBC Group NV’s holdings in First Financial Bankshares were worth $208,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of FFIN. Investment Research & Advisory Group Inc. bought a new stake in First Financial Bankshares during the 1st quarter valued at approximately $26,000. Fifth Third Bancorp raised its stake in 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 during the period. Assetmark Inc. bought a new stake in First Financial Bankshares during the 4th quarter valued at approximately $33,000. UMB Bank n.a. raised its stake in First Financial Bankshares by 245.6% during the 1st quarter. UMB Bank n.a. now owns 1,904 shares of the bank’s stock valued at $68,000 after purchasing an additional 1,353 shares during the period. Finally, GAMMA Investing LLC raised its stake in First Financial Bankshares by 89.9% during the 1st quarter. GAMMA Investing LLC now owns 1,927 shares of the bank’s stock valued at $69,000 after purchasing an additional 912 shares during the period. Hedge funds and other institutional investors own 69.78% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Hovde Group decreased their target price on First Financial Bankshares from $40.00 to $38.00 and set a “market perform” rating on the stock in a research note on Monday, April 21st. Keefe, Bruyette & Woods cut their price objective 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.

Insider Buying and Selling

In related news, Director Michael B. Denny purchased 5,000 shares of the company’s stock in a transaction that occurred on Friday, June 13th. The stock was bought at an average price of $36.02 per share, for a total transaction of $180,100.00. Following the completion of the transaction, the director owned 108,708 shares in the company, valued at approximately $3,915,662.16. The trade was a 4.82% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders bought a total of 6,399 shares of company stock valued at $227,646 in the last ninety days. Company insiders own 3.96% of the company’s stock.

First Financial Bankshares Stock Up 0.5%

Shares of First Financial Bankshares stock opened at $37.74 on Monday. The firm has a market cap of $5.40 billion, a price-to-earnings ratio of 23.30 and a beta of 0.87. The business has a 50-day moving average price of $35.51 and a 200-day moving average price of $35.71. First Financial Bankshares, Inc. has a twelve month low of $28.35 and a twelve month high of $44.66.

First Financial Bankshares (NASDAQ:FFIN) last issued its quarterly earnings data on Thursday, April 17th. The bank reported $0.43 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.43. The firm had revenue of $149.02 million during the quarter, compared to analyst estimates of $149.48 million. First Financial Bankshares had a return on equity of 14.31% and a net margin of 30.01%. On average, equities analysts expect that First Financial Bankshares, Inc. will post 1.78 EPS for the current fiscal year.

First Financial Bankshares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Monday, June 16th were given a $0.19 dividend. The ex-dividend date of this dividend was Monday, June 16th. This represents a $0.76 annualized dividend and a yield of 2.01%. This is a positive change from First Financial Bankshares’s previous quarterly dividend of $0.18. First Financial Bankshares’s dividend payout ratio (DPR) is currently 46.91%.

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.