Dimensional Fund Advisors LP Buys 25,394 Shares of First Financial Bankshares, Inc. (FFIN)

Dimensional Fund Advisors LP increased its stake in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 2.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,078,829 shares of the bank’s stock after buying an additional 25,394 shares during the quarter. Dimensional Fund Advisors LP owned about 1.64% of First Financial Bankshares worth $47,685,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. UBS Asset Management Americas Inc. grew its stake in First Financial Bankshares by 61.3% during the 1st quarter. UBS Asset Management Americas Inc. now owns 105,103 shares of the bank’s stock valued at $4,215,000 after purchasing an additional 39,923 shares in the last quarter. Parametric Portfolio Associates LLC grew its stake in First Financial Bankshares by 11.8% during the 1st quarter. Parametric Portfolio Associates LLC now owns 53,617 shares of the bank’s stock valued at $2,150,000 after purchasing an additional 5,641 shares in the last quarter. Prudential Financial Inc. grew its stake in First Financial Bankshares by 0.6% during the 1st quarter. Prudential Financial Inc. now owns 113,842 shares of the bank’s stock valued at $4,565,000 after purchasing an additional 700 shares in the last quarter. Stifel Financial Corp grew its stake in First Financial Bankshares by 19.4% during the 1st quarter. Stifel Financial Corp now owns 12,211 shares of the bank’s stock valued at $491,000 after purchasing an additional 1,984 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in First Financial Bankshares by 26.8% during the 1st quarter. Victory Capital Management Inc. now owns 3,520 shares of the bank’s stock valued at $141,000 after purchasing an additional 743 shares in the last quarter. Institutional investors and hedge funds own 50.12% of the company’s stock.

A number of equities research analysts have weighed in on the company. Keefe, Bruyette & Woods restated a “hold” rating and set a $42.00 price objective on shares of First Financial Bankshares in a research note on Friday. Zacks Investment Research upgraded First Financial Bankshares from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research note on Wednesday, July 26th. Stephens set a $39.00 price objective on First Financial Bankshares and gave the company a “hold” rating in a research note on Wednesday, August 2nd. Piper Jaffray Companies restated a “hold” rating and set a $41.00 price objective on shares of First Financial Bankshares in a research note on Friday, July 21st. Finally, BidaskClub lowered First Financial Bankshares from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. The company currently has an average rating of “Hold” and an average target price of $41.60.

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Shares of First Financial Bankshares, Inc. (FFIN) opened at 46.55 on Friday. The firm’s 50-day moving average price is $43.08 and its 200-day moving average price is $41.48. First Financial Bankshares, Inc. has a 52 week low of $35.05 and a 52 week high of $47.90. The firm has a market cap of $3.06 billion, a price-to-earnings ratio of 28.70 and a beta of 1.38.

First Financial Bankshares (NASDAQ:FFIN) last posted its quarterly earnings data on Thursday, October 19th. The bank reported $0.44 EPS for the quarter, hitting analysts’ consensus estimates of $0.44. The business had revenue of $83.95 million for the quarter, compared to analyst estimates of $89.87 million. First Financial Bankshares had a return on equity of 12.87% and a net margin of 33.51%. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.39 earnings per share. Equities research analysts expect that First Financial Bankshares, Inc. will post $1.70 EPS for the current fiscal year.

First Financial Bankshares declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, July 25th that permits the company to buyback 2,000,000 outstanding shares. This buyback authorization permits the bank to repurchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 15th were paid a $0.19 dividend. The ex-dividend date was Thursday, September 14th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.63%. First Financial Bankshares’s payout ratio is presently 45.51%.

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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