American International Group Inc. Buys 2,718 Shares of First Financial Bankshares, Inc. (FFIN)

American International Group Inc. lifted its holdings in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 5.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,577 shares of the bank’s stock after purchasing an additional 2,718 shares during the period. American International Group Inc. owned about 0.08% of First Financial Bankshares worth $2,286,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in FFIN. Zurcher Kantonalbank Zurich Cantonalbank increased 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 valued at $102,000 after purchasing an additional 239 shares in the last quarter. Riverhead Capital Management LLC boosted its holdings in 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 buying an additional 1,393 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in 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 buying an additional 621 shares during the last quarter. Milestone Group Inc. acquired a new stake in First Financial Bankshares in the 3rd quarter worth about $201,000. Finally, FCA Corp TX acquired a new stake in First Financial Bankshares in the 2nd quarter worth about $213,000. Hedge funds and other institutional investors own 51.40% of the company’s stock.

Several research firms recently issued reports on FFIN. BidaskClub cut First Financial Bankshares from a “buy” rating to a “hold” rating in a report on Tuesday, December 5th. Zacks Investment Research cut First Financial Bankshares from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $39.00 price objective on shares of First Financial Bankshares in a report on Tuesday, October 3rd. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $41.00 price objective on shares of First Financial Bankshares in a report on Friday, September 1st. Six analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and a consensus target price of $43.40.

First Financial Bankshares, Inc. (FFIN) opened at $45.55 on Monday. The firm has a market capitalization of $3,016.60, a P/E ratio of 27.27 and a beta of 1.40. First Financial Bankshares, Inc. has a twelve month low of $36.85 and a twelve month high of $48.85.

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

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Monday, December 18th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend is Friday, December 15th. First Financial Bankshares’s dividend payout ratio is currently 45.51%.

In other news, Director David L. Copeland sold 1,368 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $45.52, for a total transaction of $62,271.36. Following the transaction, the director now directly owns 33,379 shares in the company, valued at approximately $1,519,412.08. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 5.40% of the company’s stock.

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About First Financial Bankshares

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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