Jefferies Financial Group Inc. Has $3.37 Million Stock Holdings in First Financial Bankshares, Inc. $FFIN

Jefferies Financial Group Inc. lifted its stake in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) by 283.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 112,781 shares of the bank’s stock after buying an additional 83,385 shares during the quarter. Jefferies Financial Group Inc.’s holdings in First Financial Bankshares were worth $3,369,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. lifted its stake in shares of First Financial Bankshares by 3,042,660.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 21,512,315 shares of the bank’s stock worth $642,573,000 after buying an additional 21,511,608 shares during the last quarter. Ballentine Partners LLC lifted its stake in shares of First Financial Bankshares by 3.0% during the 4th quarter. Ballentine Partners LLC now owns 13,482 shares of the bank’s stock worth $403,000 after buying an additional 391 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of First Financial Bankshares during the 4th quarter worth about $206,000. Truist Financial Corp lifted its stake in shares of First Financial Bankshares by 8.9% during the 4th quarter. Truist Financial Corp now owns 8,480 shares of the bank’s stock worth $253,000 after buying an additional 692 shares during the last quarter. Finally, Danske Bank A S lifted its stake in shares of First Financial Bankshares by 200.0% during the 4th quarter. Danske Bank A S now owns 1,200 shares of the bank’s stock worth $36,000 after buying an additional 800 shares during the last quarter. Institutional investors and hedge funds own 69.78% of the company’s stock.

First Financial Bankshares Stock Performance

NASDAQ:FFIN opened at $32.64 on Wednesday. First Financial Bankshares, Inc. has a 52 week low of $28.11 and a 52 week high of $38.74. The firm has a market cap of $4.68 billion, a price-to-earnings ratio of 17.74 and a beta of 0.83. The firm’s 50-day simple moving average is $31.09 and its 200 day simple moving average is $31.45.

First Financial Bankshares (NASDAQ:FFIN) last released its quarterly earnings results on Friday, April 17th. The bank reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. First Financial Bankshares had a net margin of 31.00% and a return on equity of 14.20%. The business had revenue of $166.89 million for the quarter, compared to analyst estimates of $166.78 million. During the same period last year, the firm earned $0.43 earnings per share. Sell-side analysts anticipate that First Financial Bankshares, Inc. will post 2.04 EPS for the current year.

First Financial Bankshares Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 12th will be given a dividend of $0.22 per share. This is a positive change from First Financial Bankshares’s previous quarterly dividend of $0.19. This represents a $0.88 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Friday, June 12th. First Financial Bankshares’s payout ratio is 41.30%.

Insider Buying and Selling at First Financial Bankshares

In other news, Director Geoff Haney bought 1,500 shares of the firm’s stock in a transaction on Thursday, March 12th. The shares were purchased at an average cost of $29.18 per share, with a total value of $43,770.00. Following the acquisition, the director directly owned 33,646 shares in the company, valued at $981,790.28. This represents a 4.67% 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. Also, Director Johnny Trotter bought 4,000 shares of the firm’s stock in a transaction on Thursday, March 5th. The stock was purchased at an average cost of $30.02 per share, for a total transaction of $120,080.00. Following the completion of the acquisition, the director owned 955,444 shares in the company, valued at approximately $28,682,428.88. This trade represents a 0.42% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased 10,964 shares of company stock valued at $326,287 in the last quarter. Company insiders own 3.80% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Keefe, Bruyette & Woods cut their target price on shares of First Financial Bankshares from $36.00 to $34.00 and set a “market perform” rating for the company in a research note on Thursday, April 9th. Weiss Ratings restated a “hold (c)” rating on shares of First Financial Bankshares in a research note on Wednesday, April 8th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $37.33.

First Financial Bankshares Company Profile

First Financial Bankshares, Inc is a regional bank holding company headquartered in Cincinnati, Ohio. Through its primary subsidiary, First Financial Bank, the company offers a full suite of banking products and services to individual, small business and commercial clients. With roots dating back to 1863, First Financial has cultivated a strong community banking heritage, combining personalized service with modern financial solutions.

The company’s core business activities include commercial and consumer lending, deposit products, treasury management, mortgage origination and servicing, and wealth management.