Xponance Inc. Raises Holdings in First Financial Bankshares, Inc. (NASDAQ:FFIN)

Xponance Inc. increased its position in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 5.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 18,380 shares of the bank’s stock after acquiring an additional 893 shares during the quarter. Xponance Inc.’s holdings in First Financial Bankshares were worth $663,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in FFIN. Assetmark Inc. bought a new stake in First Financial Bankshares during the 4th quarter valued at $33,000. R Squared Ltd purchased a new position in shares of First Financial Bankshares in the fourth quarter valued at $88,000. KBC Group NV raised its stake in shares of First Financial Bankshares by 50.5% during 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 lifted its holdings in First Financial Bankshares by 7.4% during the 4th quarter. US Bancorp DE now owns 5,396 shares of the bank’s stock worth $195,000 after purchasing an additional 370 shares in the last quarter. Finally, Captrust Financial Advisors bought a new position in First Financial Bankshares in the 3rd quarter worth about $205,000. Hedge funds and other institutional investors own 69.78% of the company’s stock.

First Financial Bankshares Stock Performance

NASDAQ:FFIN opened at $36.50 on Wednesday. First Financial Bankshares, Inc. has a 52-week low of $27.62 and a 52-week high of $44.66. The stock has a fifty day moving average of $36.95 and a 200 day moving average of $37.74. The firm has a market capitalization of $5.22 billion, a price-to-earnings ratio of 23.40 and a beta of 0.78.

First Financial Bankshares (NASDAQ:FFIN) last released its quarterly 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 return on equity of 14.24% and a net margin of 29.69%. 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders 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 yield of 1.97%. First Financial Bankshares’s payout ratio is presently 46.15%.

Insiders Place Their Bets

In related news, Director Johnny Trotter acquired 6,000 shares of the company’s stock in a transaction dated Wednesday, March 12th. The stock was bought at an average cost of $35.12 per share, with a total value of $210,720.00. Following the acquisition, the director now owns 949,371 shares of the company’s stock, valued at approximately $33,341,909.52. The trade was a 0.64 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 4.22% of the company’s stock.

Analyst Ratings Changes

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

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.