United Services Automobile Association Buys 466 Shares of First Financial Bankshares, Inc. (NASDAQ:FFIN)

United Services Automobile Association raised its stake in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN – Get Rating) by 3.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,189 shares of the bank’s stock after buying an additional 466 shares during the period. United Services Automobile Association’s holdings in First Financial Bankshares were worth $593,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in FFIN. Willis Johnson & Associates Inc. lifted its position in First Financial Bankshares by 0.3% during the 3rd quarter. Willis Johnson & Associates Inc. now owns 70,716 shares of the bank’s stock worth $2,958,000 after buying an additional 244 shares in the last quarter. Ronald Blue Trust Inc. grew its position in shares of First Financial Bankshares by 3.1% during the 3rd quarter. Ronald Blue Trust Inc. now owns 10,416 shares of the bank’s stock worth $409,000 after purchasing an additional 316 shares in the last quarter. Van ECK Associates Corp grew its position in shares of First Financial Bankshares by 9.9% during the 3rd quarter. Van ECK Associates Corp now owns 3,824 shares of the bank’s stock worth $160,000 after purchasing an additional 344 shares in the last quarter. Quadrant Capital Group LLC grew its position in shares of First Financial Bankshares by 46.0% during the 3rd quarter. Quadrant Capital Group LLC now owns 1,101 shares of the bank’s stock worth $46,000 after purchasing an additional 347 shares in the last quarter. Finally, Creative Planning boosted its position in shares of First Financial Bankshares by 4.9% during the 2nd quarter. Creative Planning now owns 8,114 shares of the bank’s stock worth $319,000 after acquiring an additional 380 shares in the last quarter. 53.86% of the stock is owned by institutional investors and hedge funds.

First Financial Bankshares Price Performance

Shares of NASDAQ FFIN opened at $32.05 on Wednesday. The stock has a market capitalization of $4.57 billion, a P/E ratio of 19.66 and a beta of 0.75. The company has a 50-day moving average price of $35.63 and a 200-day moving average price of $37.80. First Financial Bankshares, Inc. has a 1 year low of $27.55 and a 1 year high of $47.26.

First Financial Bankshares (NASDAQ:FFIN – Get Rating) last issued its quarterly earnings data on Thursday, January 19th. The bank reported $0.41 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.41. The firm had revenue of $132.56 million during the quarter, compared to analysts’ expectations of $136.32 million. First Financial Bankshares had a net margin of 41.53% and a return on equity of 17.98%. The business’s revenue was up 2.2% on a year-over-year basis. During the same period last year, the company earned $0.39 earnings per share. As a group, equities research analysts anticipate that First Financial Bankshares, Inc. will post 1.65 earnings per share for the current fiscal year.

First Financial Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 3rd. Shareholders of record on Monday, March 13th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.12%. The ex-dividend date is Friday, March 10th. First Financial Bankshares’s dividend payout ratio is 41.72%.

Insiders Place Their Bets

In other First Financial Bankshares news, Director Johnny Trotter purchased 2,000 shares of the stock in a transaction dated Thursday, March 9th. The shares were bought at an average price of $34.43 per share, with a total value of $68,860.00. Following the completion of the transaction, the director now directly owns 908,557 shares in the company, valued at approximately $31,281,617.51. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director Johnny Trotter acquired 2,000 shares of First Financial Bankshares stock in a transaction that occurred on Thursday, March 9th. The stock was bought at an average price of $34.43 per share, with a total value of $68,860.00. Following the completion of the purchase, the director now owns 908,557 shares in the company, valued at $31,281,617.51. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert Clark Nickles, Jr. acquired 9,146 shares of First Financial Bankshares stock in a transaction that occurred on Tuesday, March 14th. The shares were purchased at an average cost of $32.75 per share, with a total value of $299,531.50. Following the purchase, the director now owns 72,785 shares of the company’s stock, valued at approximately $2,383,708.75. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 25,146 shares of company stock valued at $872,972. Company insiders own 4.19% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on FFIN. Truist Financial dropped their price objective on shares of First Financial Bankshares from $42.00 to $38.00 in a research note on Friday, December 9th. StockNews.com downgraded shares of First Financial Bankshares from a “hold” rating to a “sell” rating in a research note on Friday, March 10th.

First Financial Bankshares Profile

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First Financial Bankshares, Inc is a bank holding company, which engages in the provision of financial and community banking services. It offers mortgage loans, savings and checking accounts, auto and equity loans, online and mobile banking, investment and trust management, and retirement plans. The company was founded in 1956 and is headquartered in Abilene, TX.