American Century Companies Inc. lessened its position in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 37.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 185,465 shares of the bank’s stock after selling 110,357 shares during the period. American Century Companies Inc. owned approximately 0.28% of First Financial Bankshares worth $8,383,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in FFIN. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of First Financial Bankshares by 11.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,309 shares of the bank’s stock worth $102,000 after acquiring an additional 239 shares during the period. Riverhead Capital Management LLC lifted its stake in shares of First Financial Bankshares by 63.3% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,593 shares of the bank’s stock worth $159,000 after acquiring an additional 1,393 shares during the period. Victory Capital Management Inc. lifted its stake in shares of First Financial Bankshares by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 4,141 shares of the bank’s stock worth $183,000 after acquiring an additional 621 shares during the period. FCA Corp TX acquired a new stake in shares of First Financial Bankshares in the 2nd quarter worth $213,000. Finally, Strs Ohio lifted its stake in shares of First Financial Bankshares by 6.4% in the 2nd quarter. Strs Ohio now owns 5,000 shares of the bank’s stock worth $221,000 after acquiring an additional 300 shares during the period. Institutional investors own 50.93% of the company’s stock.

Several analysts have recently commented on FFIN shares. Zacks Investment Research upgraded shares of First Financial Bankshares from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research note on Wednesday, August 23rd. Keefe, Bruyette & Woods restated a “hold” rating and issued a $39.00 target price on shares of First Financial Bankshares in a research note on Tuesday, October 3rd. BidaskClub cut shares of First Financial Bankshares from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. Piper Jaffray Companies restated a “hold” rating and issued a $41.00 target price on shares of First Financial Bankshares in a research note on Friday, September 1st. Finally, Stephens set a $39.00 target price on shares of First Financial Bankshares and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. One analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $43.40.

Shares of First Financial Bankshares, Inc. (FFIN) opened at $44.30 on Monday. First Financial Bankshares, Inc. has a 52 week low of $36.85 and a 52 week high of $47.90. The company has a market cap of $2,933.81, a PE ratio of 26.53 and a beta of 1.39.

First Financial Bankshares (NASDAQ:FFIN) last announced its quarterly earnings data on Thursday, October 19th. The bank reported $0.44 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.44. First Financial Bankshares had a net margin of 33.51% and a return on equity of 12.70%. The firm had revenue of $83.95 million during the quarter, compared to analysts’ expectations of $89.87 million. During the same quarter last year, the business earned $0.39 earnings per share. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. research analysts expect that First Financial Bankshares, Inc. will post 1.7 earnings per share for the current fiscal year.

First Financial Bankshares announced that its Board of Directors has approved a stock buyback plan on Tuesday, July 25th that authorizes the company to repurchase 2,000,000 shares. This repurchase authorization authorizes the bank to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Monday, December 18th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.72%. The ex-dividend date is Friday, December 15th. First Financial Bankshares’s dividend payout ratio (DPR) is 45.51%.

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First Financial Bankshares Profile

First Financial Bankshares, Inc is a financial holding company. The Company, through its subsidiaries, conducts commercial banking business. As of December 31, 2016, the Company’s subsidiaries included First Financial Bank, National Association, Abilene, Texas; First Technology Services, Inc, Abilene, Texas; First Financial Trust & Asset Management Company, National Association, Abilene, Texas; First Financial Investments, Inc, Abilene, Texas, and First Financial Insurance Agency, Inc, Abilene, Texas.

Institutional Ownership by Quarter for First Financial Bankshares (NASDAQ:FFIN)

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