First Financial Bankshares Inc. (FFIN) Stake Held by Great West Life Assurance Co. Can
Great West Life Assurance Co. Can maintained its position in First Financial Bankshares Inc. (NASDAQ:FFIN) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,080 shares of the company’s stock at the end of the second quarter. Great West Life Assurance Co. Can’s holdings in First Financial Bankshares were worth $150,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. NEXT Financial Group Inc increased its position in First Financial Bankshares by 460.3% in the second quarter. NEXT Financial Group Inc now owns 3,412 shares of the company’s stock worth $111,000 after buying an additional 2,803 shares during the period. BlackRock Inc. increased its position in shares of First Financial Bankshares by 124.8% in the first quarter. BlackRock Inc. now owns 4,291 shares of the company’s stock worth $126,000 after buying an additional 2,382 shares during the last quarter. Strs Ohio increased its position in shares of First Financial Bankshares by 38.7% in the second quarter. Strs Ohio now owns 4,300 shares of the company’s stock worth $140,000 after buying an additional 1,200 shares during the last quarter. Bank of Montreal Can purchased a new position in shares of First Financial Bankshares during the second quarter worth about $149,000. Finally, LPL Financial LLC purchased a new position in shares of First Financial Bankshares during the first quarter worth about $200,000. 45.72% of the stock is currently owned by institutional investors and hedge funds.
Shares of First Financial Bankshares Inc. (NASDAQ:FFIN) traded up 1.39% on Wednesday, hitting $36.38. 163,620 shares of the stock were exchanged. First Financial Bankshares Inc. has a 52-week low of $24.12 and a 52-week high of $36.90. The company’s 50 day moving average is $35.67 and its 200-day moving average is $32.74. The stock has a market cap of $2.38 billion, a PE ratio of 23.32 and a beta of 1.37.
First Financial Bankshares (NASDAQ:FFIN) last posted its earnings results on Thursday, July 21st. The company reported $0.41 EPS for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.02. First Financial Bankshares had a net margin of 33.05% and a return on equity of 12.55%. Analysts predict that First Financial Bankshares Inc. will post $1.60 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Thursday, September 15th will be given a $0.18 dividend. The ex-dividend date is Tuesday, September 13th. This represents a $0.72 dividend on an annualized basis and a yield of 1.98%. First Financial Bankshares’s payout ratio is currently 45.57%.
Separately, Zacks Investment Research raised shares of First Financial Bankshares from a “sell” rating to a “hold” rating and set a $36.00 price objective on the stock in a research report on Monday, June 27th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $31.83.
About First Financial Bankshares
First Financial Bankshares, Inc is a financial holding company. Through its subsidiaries, the Company conducts commercial banking business. It provides commercial banking services, which include accepting and holding checking, savings and time deposits, making loans, automated teller machines, drive-in and night deposit services, safe deposit facilities, remote deposit capture, Internet banking, mobile banking, payroll cards, transmitting funds and other customary commercial banking services.
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