Ameriprise Financial Inc. cut its stake in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 1.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 350,088 shares of the bank’s stock after selling 4,846 shares during the period. Ameriprise Financial Inc. owned about 0.53% of First Financial Bankshares worth $15,825,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of First Financial Bankshares by 11.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,309 shares of the bank’s stock worth $102,000 after purchasing an additional 239 shares during the last quarter. Riverhead Capital Management LLC grew its holdings in shares of First Financial Bankshares by 63.3% in the second quarter. Riverhead Capital Management LLC now owns 3,593 shares of the bank’s stock worth $159,000 after purchasing an additional 1,393 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of First Financial Bankshares by 17.6% in the second quarter. Victory Capital Management Inc. now owns 4,141 shares of the bank’s stock worth $183,000 after purchasing an additional 621 shares during the last quarter. Milestone Group Inc. bought a new position in shares of First Financial Bankshares in the third quarter worth about $201,000. Finally, FCA Corp TX bought a new position in shares of First Financial Bankshares in the second quarter worth about $213,000. Hedge funds and other institutional investors own 51.40% of the company’s stock.

In related news, Director David L. Copeland sold 1,368 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $45.52, for a total value of $62,271.36. Following the completion of the sale, the director now directly owns 33,379 shares of the company’s stock, valued at $1,519,412.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 5.04% of the stock is owned by corporate insiders.

A number of research firms have recently commented on FFIN. Zacks Investment Research cut shares of First Financial Bankshares from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. BidaskClub lowered shares of First Financial Bankshares from a “buy” rating to a “hold” rating in a research note on Tuesday, December 5th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $42.00 price objective on shares of First Financial Bankshares in a research note on Friday, October 20th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $41.00 price objective on shares of First Financial Bankshares in a research note on Friday, September 1st. Six investment analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and an average price target of $43.40.

Shares of First Financial Bankshares, Inc. (FFIN) opened at $44.50 on Friday. First Financial Bankshares, Inc. has a one year low of $36.85 and a one year high of $48.85. The firm has a market cap of $2,950.00, a PE ratio of 27.45 and a beta of 1.40.

First Financial Bankshares (NASDAQ:FFIN) last released its quarterly earnings data on Thursday, October 19th. The bank reported $0.44 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.44. First Financial Bankshares had a net margin of 33.51% and a return on equity of 12.70%. The company had revenue of $83.95 million during the quarter, compared to analyst estimates of $89.87 million. During the same period in the prior year, the firm earned $0.39 earnings per share. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. analysts predict that First Financial Bankshares, Inc. will post 1.7 EPS for the current fiscal year.

The firm 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 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date is Friday, December 15th. First Financial Bankshares’s dividend payout ratio (DPR) is presently 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.

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

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