First Financial Bankshares, Inc. (NASDAQ:FFIN) Holdings Trimmed by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its holdings in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 6.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 250,411 shares of the bank’s stock after selling 16,965 shares during the period. Mutual of America Capital Management LLC owned approximately 0.18% of First Financial Bankshares worth $8,216,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of FFIN. Lindbrook Capital LLC increased its stake in shares of First Financial Bankshares by 134.8% in the fourth quarter. Lindbrook Capital LLC now owns 911 shares of the bank’s stock worth $28,000 after acquiring an additional 523 shares during the last quarter. Hexagon Capital Partners LLC raised its stake in shares of First Financial Bankshares by 81.1% during the 1st quarter. Hexagon Capital Partners LLC now owns 927 shares of the bank’s stock worth $30,000 after purchasing an additional 415 shares in the last quarter. SYSTM Wealth Solutions LLC lifted its holdings in shares of First Financial Bankshares by 17.4% during the 1st quarter. SYSTM Wealth Solutions LLC now owns 2,681 shares of the bank’s stock valued at $88,000 after buying an additional 398 shares during the last quarter. Quadrant Capital Group LLC grew its stake in shares of First Financial Bankshares by 128.9% in the 4th quarter. Quadrant Capital Group LLC now owns 4,888 shares of the bank’s stock valued at $148,000 after buying an additional 2,753 shares in the last quarter. Finally, Signaturefd LLC increased its holdings in First Financial Bankshares by 101.3% in the fourth quarter. Signaturefd LLC now owns 5,386 shares of the bank’s stock worth $163,000 after buying an additional 2,710 shares during the last quarter. Hedge funds and other institutional investors own 69.78% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on FFIN. Truist Financial decreased their price target on First Financial Bankshares from $32.00 to $31.00 and set a “hold” rating for the company in a research note on Monday. Stephens decreased their target price on First Financial Bankshares from $35.00 to $31.00 and set an “equal weight” rating for the company in a research report on Friday, April 19th.

Insider Activity at First Financial Bankshares

In related news, Director Johnny Trotter bought 1,000 shares of First Financial Bankshares stock in a transaction dated Friday, June 14th. The shares were bought at an average cost of $27.79 per share, for a total transaction of $27,790.00. Following the completion of the transaction, the director now owns 943,371 shares of the company’s stock, valued at $26,216,280.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Johnny Trotter purchased 1,000 shares of the business’s stock in a transaction dated Friday, June 14th. The shares were acquired at an average price of $27.79 per share, with a total value of $27,790.00. Following the completion of the purchase, the director now directly owns 943,371 shares of the company’s stock, valued at approximately $26,216,280.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sally Pope Davis acquired 1,800 shares of the stock in a transaction that occurred on Thursday, June 6th. The stock was purchased at an average price of $28.75 per share, with a total value of $51,750.00. Following the completion of the transaction, the director now owns 1,800 shares of the company’s stock, valued at $51,750. The disclosure for this purchase can be found here. Insiders acquired 6,743 shares of company stock valued at $199,526 over the last ninety days. 4.22% of the stock is owned by insiders.

First Financial Bankshares Price Performance

Shares of FFIN traded down $0.15 during mid-day trading on Monday, reaching $28.56. The company had a trading volume of 684,825 shares, compared to its average volume of 532,774. The company has a market capitalization of $4.08 billion, a P/E ratio of 20.40 and a beta of 0.80. First Financial Bankshares, Inc. has a twelve month low of $22.84 and a twelve month high of $33.15. The company’s 50-day moving average is $29.60 and its 200-day moving average is $30.28.

First Financial Bankshares (NASDAQ:FFIN) last announced its earnings results on Tuesday, April 23rd. The bank reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. The business had revenue of $129.63 million during the quarter, compared to analysts’ expectations of $129.72 million. First Financial Bankshares had a net margin of 30.03% and a return on equity of 14.28%. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter last year, the company posted $0.39 EPS. As a group, equities analysts expect that First Financial Bankshares, Inc. will post 1.49 EPS for the current fiscal year.

First Financial Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Friday, June 14th were paid a $0.18 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.52%. First Financial Bankshares’s dividend payout ratio (DPR) is presently 51.43%.

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.