First Financial Bankshares, Inc. (NASDAQ:FFIN) Shares Acquired by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC boosted its stake in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) by 43.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 393,902 shares of the bank's stock after acquiring an additional 118,830 shares during the quarter. Mutual of America Capital Management LLC owned about 0.28% of First Financial Bankshares worth $14,578,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of FFIN. Vanguard Group Inc. lifted its holdings in shares of First Financial Bankshares by 3.4% during the first quarter. Vanguard Group Inc. now owns 14,956,322 shares of the bank's stock worth $490,717,000 after purchasing an additional 490,770 shares during the period. SG Americas Securities LLC boosted its holdings in shares of First Financial Bankshares by 480.0% in the second quarter. SG Americas Securities LLC now owns 39,602 shares of the bank's stock valued at $1,169,000 after acquiring an additional 32,774 shares in the last quarter. Ontario Teachers Pension Plan Board acquired a new position in shares of First Financial Bankshares during the first quarter worth about $1,100,000. Bridges Investment Management Inc. purchased a new position in First Financial Bankshares during the second quarter worth about $637,000. Finally, Bank of New York Mellon Corp raised its holdings in First Financial Bankshares by 1.1% during the second quarter. Bank of New York Mellon Corp now owns 1,375,856 shares of the bank's stock worth $40,629,000 after purchasing an additional 15,473 shares in the last quarter. 69.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FFIN has been the topic of several recent analyst reports. Hovde Group boosted their target price on First Financial Bankshares from $34.50 to $40.00 and gave the stock a "market perform" rating in a research report on Monday, October 21st. Stephens lifted their price target on First Financial Bankshares from $37.00 to $40.00 and gave the company an "equal weight" rating in a research note on Friday, October 18th. Finally, Truist Financial increased their price objective on First Financial Bankshares from $39.00 to $40.00 and gave the stock a "hold" rating in a research report on Friday, September 20th.

Insider Buying and Selling at First Financial Bankshares

In other First Financial Bankshares news, Director Michael B. Denny sold 7,000 shares of the firm's stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $41.12, for a total transaction of $287,840.00. Following the completion of the transaction, the director now owns 101,085 shares of the company's stock, valued at approximately $4,156,615.20. This trade represents a 6.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 4.22% of the stock is currently owned by insiders.

First Financial Bankshares Price Performance

First Financial Bankshares stock traded down $0.04 during mid-day trading on Friday, reaching $41.34. The company had a trading volume of 491,525 shares, compared to its average volume of 540,246. The stock's 50-day simple moving average is $37.65 and its 200-day simple moving average is $34.18. First Financial Bankshares, Inc. has a 1 year low of $25.99 and a 1 year high of $43.57. The company has a market capitalization of $5.91 billion, a P/E ratio of 28.51 and a beta of 0.78.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last issued its quarterly earnings data on Thursday, October 17th. The bank reported $0.39 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.39. The firm had revenue of $142.10 million during the quarter, compared to analysts' expectations of $140.25 million. First Financial Bankshares had a return on equity of 13.43% and a net margin of 28.76%. On average, equities analysts forecast that First Financial Bankshares, Inc. will post 1.52 EPS for the current fiscal year.

First Financial Bankshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 13th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.72 dividend on an annualized basis and a yield of 1.74%. First Financial Bankshares's payout ratio is 49.66%.

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.