Teachers Retirement System of The State of Kentucky decreased its position in First Financial Bankshares Inc (NASDAQ:FFIN) by 8.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,600 shares of the bank’s stock after selling 2,000 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in First Financial Bankshares were worth $1,018,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of FFIN. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of First Financial Bankshares by 12.4% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 24,550 shares of the bank’s stock worth $1,110,000 after acquiring an additional 2,716 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of First Financial Bankshares by 77.5% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 36,771 shares of the bank’s stock worth $1,662,000 after acquiring an additional 16,050 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its holdings in shares of First Financial Bankshares by 58.9% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 24,810 shares of the bank’s stock worth $1,121,000 after acquiring an additional 9,200 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of First Financial Bankshares in the 3rd quarter worth approximately $1,588,000. Finally, American International Group Inc. lifted its holdings in shares of First Financial Bankshares by 5.7% in the 3rd quarter. American International Group Inc. now owns 50,577 shares of the bank’s stock worth $2,286,000 after acquiring an additional 2,718 shares during the last quarter. 51.48% of the stock is owned by institutional investors and hedge funds.

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Several equities analysts have recently commented on the stock. Zacks Investment Research lowered shares of First Financial Bankshares from a “hold” rating to a “strong sell” rating in a report on Monday, March 12th. BidaskClub upgraded shares of First Financial Bankshares from a “hold” rating to a “buy” rating in a report on Friday, March 9th. Hovde Group set a $46.00 price objective on shares of First Financial Bankshares and gave the stock a “hold” rating in a report on Monday, January 29th. Sandler O’Neill restated a “sell” rating and issued a $40.00 price objective on shares of First Financial Bankshares in a report on Friday, January 26th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $47.00 price objective on shares of First Financial Bankshares in a report on Tuesday, February 27th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. First Financial Bankshares has a consensus rating of “Hold” and a consensus target price of $44.86.

In other First Financial Bankshares news, Director Steven L. Beal sold 15,973 shares of the stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $47.37, for a total transaction of $756,641.01. Following the sale, the director now directly owns 1,465 shares in the company, valued at approximately $69,397.05. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Johnny Trotter bought 11,400 shares of First Financial Bankshares stock in a transaction on Tuesday, February 6th. The shares were acquired at an average price of $45.10 per share, for a total transaction of $514,140.00. Following the completion of the acquisition, the director now owns 388,938 shares in the company, valued at $17,541,103.80. The disclosure for this purchase can be found here. 4.77% of the stock is owned by corporate insiders.

Shares of First Financial Bankshares stock opened at $48.80 on Thursday. The stock has a market cap of $3,301.04, a P/E ratio of 28.74 and a beta of 1.33. First Financial Bankshares Inc has a fifty-two week low of $36.85 and a fifty-two week high of $49.60.

First Financial Bankshares (NASDAQ:FFIN) last released its earnings results on Thursday, January 25th. The bank reported $0.43 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.01). The business had revenue of $83.20 million for the quarter, compared to analyst estimates of $90.40 million. First Financial Bankshares had a return on equity of 12.61% and a net margin of 35.72%. research analysts expect that First Financial Bankshares Inc will post 2.07 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.76 dividend on an annualized basis and a yield of 1.56%. First Financial Bankshares’s dividend payout ratio (DPR) is presently 41.99%.

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About First Financial Bankshares

First Financial Bankshares, Inc is a financial holding company. The Company, through its subsidiaries, conducts commercial banking business. The Company’s subsidiaries included First Financial Bank, National Association, Abilene, Texas; First Technology Services, Inc, Abilene, Texas; First Financial Trust & Asset Management Company, National Association, Abilene, Texas; First Financial Investments, Inc, Abilene, Texas, First Financial Insurance Agency, Inc, Abilene, Texas, Commercial Bancshares, Inc, and Commercial State Bank, Kingwood, Texas.

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

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