O Shaughnessy Asset Management LLC Grows Stake in First Financial Bankshares, Inc. (NASDAQ:FFIN)

O Shaughnessy Asset Management LLC boosted its holdings in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN) by 6.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 30,937 shares of the bank’s stock after buying an additional 1,820 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in First Financial Bankshares were worth $1,115,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. FMR LLC increased its holdings in First Financial Bankshares by 71.9% in the 3rd quarter. FMR LLC now owns 113,407 shares of the bank’s stock worth $4,197,000 after acquiring an additional 47,417 shares in the last quarter. Captrust Financial Advisors purchased a new stake in shares of First Financial Bankshares during the 3rd quarter worth approximately $205,000. HighTower Advisors LLC raised its stake in First Financial Bankshares by 18.4% during the third quarter. HighTower Advisors LLC now owns 61,345 shares of the bank’s stock valued at $2,274,000 after purchasing an additional 9,519 shares in the last quarter. Stifel Financial Corp raised its position in shares of First Financial Bankshares by 0.5% during the 3rd quarter. Stifel Financial Corp now owns 198,321 shares of the bank’s stock valued at $7,340,000 after buying an additional 974 shares in the last quarter. Finally, State Street Corp lifted its stake 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 valued at $231,381,000 after purchasing an additional 281,166 shares during the last quarter. 69.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods raised 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.

First Financial Bankshares Stock Performance

Shares of NASDAQ:FFIN opened at $32.17 on Monday. First Financial Bankshares, Inc. has a one year low of $27.62 and a one year high of $44.66. The firm has a market cap of $4.60 billion, a PE ratio of 20.62 and a beta of 0.82. The firm’s 50 day simple moving average is $36.63 and its 200-day simple moving average is $37.66.

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

First Financial Bankshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were paid a $0.18 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.72 annualized dividend and a yield of 2.24%. First Financial Bankshares’s dividend payout ratio (DPR) is presently 46.15%.

Insider Transactions at First Financial Bankshares

In other First Financial Bankshares news, Director Johnny Trotter bought 6,000 shares of First Financial Bankshares stock in a transaction that occurred on Wednesday, March 12th. The shares were bought at an average cost of $35.12 per share, with a total value of $210,720.00. Following the transaction, the director now directly owns 949,371 shares of the company’s stock, valued at approximately $33,341,909.52. This represents a 0.64 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 4.22% of the company’s stock.

First Financial Bankshares 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.