Great West Life Assurance Co. Can Has $4.62 Million Holdings in First Financial Bankshares Inc (FFIN)

Great West Life Assurance Co. Can boosted its holdings in First Financial Bankshares Inc (NASDAQ:FFIN) by 5.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 86,879 shares of the bank’s stock after buying an additional 4,548 shares during the period. Great West Life Assurance Co. Can owned 0.13% of First Financial Bankshares worth $4,622,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Citigroup Inc. increased its stake in First Financial Bankshares by 93.4% in the 4th quarter. Citigroup Inc. now owns 53,763 shares of the bank’s stock worth $3,102,000 after buying an additional 25,964 shares in the last quarter. Parametrica Management Ltd increased its stake in First Financial Bankshares by 196.2% in the 4th quarter. Parametrica Management Ltd now owns 11,208 shares of the bank’s stock worth $647,000 after buying an additional 7,424 shares in the last quarter. O Shaughnessy Asset Management LLC increased its stake in First Financial Bankshares by 420.6% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 8,688 shares of the bank’s stock worth $502,000 after buying an additional 7,019 shares in the last quarter. Advisor Group Inc. increased its stake in First Financial Bankshares by 49.1% in the 4th quarter. Advisor Group Inc. now owns 9,786 shares of the bank’s stock worth $565,000 after buying an additional 3,224 shares in the last quarter. Finally, Rafferty Asset Management LLC purchased a new stake in First Financial Bankshares in the 4th quarter worth $636,000. Institutional investors and hedge funds own 54.54% of the company’s stock.

FFIN opened at $61.17 on Friday. First Financial Bankshares Inc has a 52 week low of $45.05 and a 52 week high of $66.83. The stock has a market cap of $4.15 billion, a price-to-earnings ratio of 28.06 and a beta of 1.16.

First Financial Bankshares (NASDAQ:FFIN) last released its quarterly earnings data on Thursday, January 24th. The bank reported $0.58 EPS for the quarter, meeting the consensus estimate of $0.58. First Financial Bankshares had a net margin of 38.29% and a return on equity of 14.74%. The business had revenue of $97.07 million during the quarter, compared to the consensus estimate of $97.87 million. During the same quarter in the prior year, the firm earned $0.55 EPS. On average, equities research analysts forecast that First Financial Bankshares Inc will post 2.39 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 15th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend is Thursday, March 14th. First Financial Bankshares’s dividend payout ratio (DPR) is presently 38.53%.

In related news, Director Johnny Trotter acquired 5,000 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was acquired at an average price of $60.49 per share, with a total value of $302,450.00. Following the acquisition, the director now directly owns 389,926 shares of the company’s stock, valued at $23,586,623.74. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 4.90% of the stock is owned by corporate insiders.

A number of equities research analysts have issued reports on the company. BidaskClub lowered First Financial Bankshares from a “buy” rating to a “hold” rating in a research note on Friday, December 7th. Zacks Investment Research lowered First Financial Bankshares from a “buy” rating to a “hold” rating in a research note on Wednesday, November 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $61.67.

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First Financial Bankshares Company Profile

First Financial Bankshares, Inc, through its subsidiaries, provides commercial banking products and services primarily in Texas. The company accepts checking, savings, and time deposits; and offers real estate, commercial, agricultural, and consumer loans to businesses, professionals, individuals, and farm and ranch operations.

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Institutional Ownership by Quarter for First Financial Bankshares (NASDAQ:FFIN)

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