Axiom Investors LLC DE Makes New Investment in First Financial Bankshares, Inc. (NASDAQ:FFIN)

Axiom Investors LLC DE acquired a new position in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 469,825 shares of the bank's stock, valued at approximately $16,937,000. Axiom Investors LLC DE owned approximately 0.33% of First Financial Bankshares as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Arizona State Retirement System raised its holdings in First Financial Bankshares by 0.9% during the fourth quarter. Arizona State Retirement System now owns 35,263 shares of the bank's stock worth $1,271,000 after purchasing an additional 302 shares in the last quarter. Kingsview Wealth Management LLC lifted its position in First Financial Bankshares by 1.2% in the fourth quarter. Kingsview Wealth Management LLC now owns 26,649 shares of the bank's stock valued at $961,000 after acquiring an additional 312 shares during the last quarter. US Bancorp DE grew its stake 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 buying an additional 370 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of First Financial Bankshares by 2.3% in the 4th quarter. Pacer Advisors Inc. now owns 19,170 shares of the bank's stock valued at $691,000 after acquiring an additional 432 shares during the period. Finally, Ballentine Partners LLC boosted its stake in First Financial Bankshares by 3.9% during the 4th quarter. Ballentine Partners LLC now owns 12,665 shares of the bank's stock worth $457,000 after purchasing an additional 475 shares during the period. Hedge funds and other institutional investors own 69.78% of the company's stock.

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First Financial Bankshares Stock Performance

FFIN traded down $1.27 during trading on Friday, reaching $31.73. The company's stock had a trading volume of 291,122 shares, compared to its average volume of 532,467. The company has a market capitalization of $4.54 billion, a price-to-earnings ratio of 20.34 and a beta of 0.78. The company's fifty day moving average price is $36.75 and its 200-day moving average price is $37.69. 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 - Get Free Report) last posted its quarterly earnings results on Thursday, January 23rd. The bank reported $0.43 earnings per share for the quarter, topping analysts' consensus estimates of $0.40 by $0.03. First Financial Bankshares had a net margin of 29.69% and a return on equity of 14.24%. Equities analysts predict that First Financial Bankshares, Inc. will post 1.78 earnings per share for the current year.

First Financial Bankshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend was Friday, March 14th. First Financial Bankshares's dividend payout ratio is currently 46.15%.

Insider Transactions at First Financial Bankshares

In other First Financial Bankshares news, Director Johnny Trotter bought 6,000 shares of the business's stock in a transaction on Wednesday, March 12th. The stock was bought at an average price of $35.12 per share, for a total transaction of $210,720.00. Following the completion of the transaction, the director now owns 949,371 shares in the company, 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 this hyperlink. Corporate insiders own 4.22% of the company's stock.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods lifted their price objective on shares of First Financial Bankshares from $40.00 to $41.00 and gave the company a "market perform" rating in a research note on Monday, January 27th.

About First Financial Bankshares

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.