Mutual of America Capital Management LLC Has $15.82 Million Stock Holdings in First Financial Bankshares, Inc. (NASDAQ:FFIN)

Mutual of America Capital Management LLC lifted its holdings in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) by 11.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 438,748 shares of the bank's stock after acquiring an additional 44,846 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.31% of First Financial Bankshares worth $15,817,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Proficio Capital Partners LLC acquired a new stake in First Financial Bankshares during the 4th quarter valued at $402,000. Atria Wealth Solutions Inc. boosted its holdings in shares of First Financial Bankshares by 26.4% during the 4th quarter. Atria Wealth Solutions Inc. now owns 43,335 shares of the bank's stock worth $1,567,000 after buying an additional 9,056 shares during the period. Monument Capital Management grew its stake in First Financial Bankshares by 16.9% in the 4th quarter. Monument Capital Management now owns 8,839 shares of the bank's stock valued at $319,000 after buying an additional 1,277 shares during the last quarter. Strategic Financial Concepts LLC raised its holdings in First Financial Bankshares by 3.0% in the 4th quarter. Strategic Financial Concepts LLC now owns 80,190 shares of the bank's stock valued at $2,891,000 after acquiring an additional 2,373 shares during the period. Finally, Van ECK Associates Corp acquired a new stake in First Financial Bankshares during the fourth quarter worth approximately $3,504,000. 69.78% of the stock is owned by institutional investors and hedge funds.

First Financial Bankshares Stock Performance

Shares of NASDAQ FFIN traded up $0.41 during mid-day trading on Monday, reaching $38.07. The company had a trading volume of 73,704 shares, compared to its average volume of 464,094. First Financial Bankshares, Inc. has a one year low of $27.62 and a one year high of $44.66. The business's 50-day simple moving average is $36.95 and its 200 day simple moving average is $37.72. The firm has a market cap of $5.44 billion, a price-to-earnings ratio of 24.41 and a beta of 0.83.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last released its earnings results on Thursday, January 23rd. The bank reported $0.43 EPS for the quarter, beating 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%. On average, sell-side analysts anticipate that First Financial Bankshares, Inc. will post 1.78 EPS for the current year.

First Financial Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.89%. The ex-dividend date is Friday, March 14th. First Financial Bankshares's payout ratio is presently 46.15%.

Insiders Place Their Bets

In other First Financial Bankshares news, CEO F Scott Dueser sold 25,000 shares of the business's stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $40.73, for a total transaction of $1,018,250.00. Following the completion of the transaction, the chief executive officer now owns 471,004 shares of the company's stock, valued at approximately $19,183,992.92. The trade was a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.22% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods increased their target price on First Financial Bankshares from $40.00 to $41.00 and gave the stock a "market perform" rating in a research note on Monday, January 27th.

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.