Cibc World Markets Corp Purchases New Holdings in First Financial Bankshares, Inc. (NASDAQ:FFIN)

Cibc World Markets Corp purchased a new position in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 12,178 shares of the bank's stock, valued at approximately $439,000.

A number of other large investors also recently bought and sold shares of FFIN. Thrivent Financial for Lutherans boosted its stake in shares of First Financial Bankshares by 27.0% during the third quarter. Thrivent Financial for Lutherans now owns 53,326 shares of the bank's stock valued at $1,973,000 after purchasing an additional 11,329 shares during the period. Intech Investment Management LLC purchased a new stake in First Financial Bankshares in the 3rd quarter valued at about $673,000. Charles Schwab Investment Management Inc. grew its stake in First Financial Bankshares by 3.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,701,180 shares of the bank's stock worth $62,961,000 after acquiring an additional 62,538 shares in the last quarter. Citigroup Inc. increased its position in shares of First Financial Bankshares by 27.0% during the third quarter. Citigroup Inc. now owns 250,553 shares of the bank's stock worth $9,273,000 after acquiring an additional 53,195 shares during the period. Finally, Kingsview Wealth Management LLC raised its stake in shares of First Financial Bankshares by 6.9% during the third quarter. Kingsview Wealth Management LLC now owns 26,337 shares of the bank's stock valued at $975,000 after acquiring an additional 1,705 shares in the last quarter. Hedge funds and other institutional investors own 69.78% of the company's stock.

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First Financial Bankshares Stock Performance

FFIN stock traded down $0.36 during trading on Thursday, reaching $36.29. 379,445 shares of the company traded hands, compared to its average volume of 496,488. The company has a market capitalization of $5.19 billion, a price-to-earnings ratio of 23.26 and a beta of 0.78. The business has a 50 day simple moving average of $36.94 and a 200 day simple moving average of $37.73. First Financial Bankshares, Inc. has a 12 month low of $27.62 and a 12 month high of $44.66.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last issued its quarterly earnings results on Thursday, January 23rd. The bank reported $0.43 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.03. First Financial Bankshares had a return on equity of 14.24% and a net margin of 29.69%. As a group, research analysts forecast that First Financial Bankshares, Inc. will post 1.78 EPS for the current year.

First Financial Bankshares Dividend Announcement

The firm also recently declared 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. This represents a $0.72 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date is Friday, March 14th. First Financial Bankshares's dividend payout ratio is presently 46.15%.

Insider Buying and Selling at First Financial Bankshares

In other news, Director Johnny Trotter bought 6,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average cost of $35.12 per share, for a total transaction of $210,720.00. Following the purchase, the director now directly owns 949,371 shares in the company, valued at approximately $33,341,909.52. This trade represents a 0.64 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.22% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods raised their target price on shares of 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 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.