First Financial Bankshares Inc (FFIN) Stake Boosted by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its position in shares of First Financial Bankshares Inc (NASDAQ:FFIN) by 5.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,138,840 shares of the bank’s stock after acquiring an additional 60,011 shares during the period. Dimensional Fund Advisors LP owned about 1.72% of First Financial Bankshares worth $51,475,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of First Financial Bankshares by 11.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,309 shares of the bank’s stock valued at $102,000 after buying an additional 239 shares during the period. Riverhead Capital Management LLC increased its position in shares of First Financial Bankshares by 63.3% during the second quarter. Riverhead Capital Management LLC now owns 3,593 shares of the bank’s stock valued at $159,000 after buying an additional 1,393 shares during the period. Victory Capital Management Inc. increased its position in shares of First Financial Bankshares by 17.6% during the second quarter. Victory Capital Management Inc. now owns 4,141 shares of the bank’s stock valued at $183,000 after buying an additional 621 shares during the period. Milestone Group Inc. purchased a new position in shares of First Financial Bankshares during the third quarter valued at about $201,000. Finally, Shelton Capital Management purchased a new position in shares of First Financial Bankshares during the second quarter valued at about $290,000. 51.37% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts recently issued reports on the stock. Zacks Investment Research cut shares of First Financial Bankshares from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. BidaskClub cut shares of First Financial Bankshares from a “buy” rating to a “hold” rating in a research report on Tuesday, December 5th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $42.00 price target on shares of First Financial Bankshares in a research report on Friday, October 20th. Six 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.

In other First Financial Bankshares 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 sale, the director now owns 33,379 shares in the company, valued at $1,519,412.08. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 5.04% of the stock is currently owned by corporate insiders.

Shares of First Financial Bankshares Inc (NASDAQ FFIN) opened at $44.70 on Friday. The firm has a market cap of $2,960.00, a PE ratio of 26.77 and a beta of 1.40. First Financial Bankshares Inc has a fifty-two week low of $36.85 and a fifty-two week high of $48.85.

First Financial Bankshares (NASDAQ:FFIN) last announced 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. The business had revenue of $83.95 million for the quarter, compared to analysts’ expectations of $89.87 million. First Financial Bankshares had a net margin of 33.51% and a return on equity of 12.70%. The business’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.39 earnings per share. analysts forecast that First Financial Bankshares Inc will post 1.7 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Monday, December 18th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend was Friday, December 15th. First Financial Bankshares’s dividend payout ratio (DPR) is presently 45.51%.

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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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