469,825 Shares in First Financial Bankshares, Inc. (NASDAQ:FFIN) Acquired by Axiom Investors LLC DE

Axiom Investors LLC DE purchased a new stake in First Financial Bankshares, Inc. (NASDAQ:FFIN) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 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 Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in FFIN. Strategic Financial Concepts LLC boosted its stake in First Financial Bankshares by 3,508.3% in the 4th quarter. Strategic Financial Concepts LLC now owns 2,807,834 shares of the bank’s stock worth $101,222,000 after purchasing an additional 2,730,017 shares during the period. Norges Bank acquired a new position in shares of First Financial Bankshares during the fourth quarter worth about $47,757,000. State Street Corp grew its holdings in shares of First Financial Bankshares by 4.7% during the third quarter. State Street Corp now owns 6,222,092 shares of the bank’s stock worth $231,381,000 after buying an additional 281,166 shares in the last quarter. Geode Capital Management LLC raised its position in First Financial Bankshares by 8.0% in the 3rd quarter. Geode Capital Management LLC now owns 3,361,921 shares of the bank’s stock valued at $124,446,000 after buying an additional 249,011 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in First Financial Bankshares in the 4th quarter valued at approximately $8,341,000. Institutional investors and hedge funds own 69.78% of the company’s stock.

Wall Street Analyst Weigh In

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 report on Monday, January 27th.

Insider Activity

In other First Financial Bankshares news, Director Johnny Trotter purchased 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average price of $35.12 per share, for a total transaction of $210,720.00. Following the purchase, 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 4.22% of the company’s stock.

First Financial Bankshares Trading Down 1.3 %

NASDAQ FFIN opened at $35.81 on Monday. First Financial Bankshares, Inc. has a 12 month low of $27.62 and a 12 month high of $44.66. The stock has a 50 day moving average of $36.91 and a 200-day moving average of $37.75. The company has a market cap of $5.12 billion, a PE ratio of 22.96 and a beta of 0.78.

First Financial Bankshares (NASDAQ:FFIN) last announced its quarterly earnings results on Thursday, January 23rd. The bank reported $0.43 EPS for the quarter, beating 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%. As a group, sell-side analysts predict that First Financial Bankshares, Inc. will post 1.78 EPS for the current fiscal year.

First Financial Bankshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.72 annualized dividend and a yield of 2.01%. First Financial Bankshares’s dividend payout ratio is 46.15%.

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.