Mutual of America Capital Management LLC Grows Stock Holdings in First Financial Bankshares, Inc. (NASDAQ:FFIN)

Mutual of America Capital Management LLC lifted its stake in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 11.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 438,748 shares of the bank’s stock after purchasing an additional 44,846 shares during the quarter. Mutual of America Capital Management LLC’s holdings in First Financial Bankshares were worth $15,817,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Intech Investment Management LLC bought a new stake in First Financial Bankshares in the third quarter worth $673,000. State Street Corp raised its position in shares of First Financial Bankshares by 4.7% in the 3rd quarter. State Street Corp now owns 6,222,092 shares of the bank’s stock worth $231,381,000 after purchasing an additional 281,166 shares during the last quarter. Citigroup Inc. boosted its stake in First Financial Bankshares by 27.0% in the 3rd quarter. Citigroup Inc. now owns 250,553 shares of the bank’s stock worth $9,273,000 after purchasing an additional 53,195 shares in the last quarter. Natixis Advisors LLC grew its position in First Financial Bankshares by 37.5% during the 3rd quarter. Natixis Advisors LLC now owns 613,381 shares of the bank’s stock valued at $22,701,000 after purchasing an additional 167,433 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in First Financial Bankshares by 3.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,701,180 shares of the bank’s stock valued at $62,961,000 after purchasing an additional 62,538 shares during the last quarter. Hedge funds and other institutional investors own 69.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods lifted their target price on shares of First Financial Bankshares from $40.00 to $41.00 and gave the stock a “market perform” rating in a report on Monday, January 27th.

Insider Activity at First Financial Bankshares

In related news, CEO F Scott Dueser sold 25,000 shares of First Financial Bankshares stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $40.73, for a total value of $1,018,250.00. Following the completion of the sale, the chief executive officer now owns 471,004 shares of the company’s stock, valued at $19,183,992.92. The trade was a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 4.22% of the stock is owned by insiders.

First Financial Bankshares Trading Up 1.2 %

First Financial Bankshares stock opened at $37.66 on Friday. First Financial Bankshares, Inc. has a 12 month low of $27.62 and a 12 month high of $44.66. The stock has a fifty day simple moving average of $36.95 and a two-hundred day simple moving average of $37.68. The firm has a market cap of $5.38 billion, a price-to-earnings ratio of 24.14 and a beta of 0.83.

First Financial Bankshares (NASDAQ:FFIN) last released its quarterly earnings data on Thursday, January 23rd. The bank reported $0.43 EPS for the quarter, topping the consensus estimate of $0.40 by $0.03. First Financial Bankshares had a return on equity of 14.24% and a net margin of 29.69%. On average, equities research analysts forecast that First Financial Bankshares, Inc. will post 1.78 EPS for the current fiscal year.

First Financial Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.72 annualized dividend and a dividend yield of 1.91%. First Financial Bankshares’s 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.