American Century Companies Inc. Has $1.31 Million Stake in First Financial Bankshares, Inc. $FFIN

American Century Companies Inc. reduced its position in First Financial Bankshares, Inc. (NASDAQ:FFIN) by 9.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,440 shares of the bank’s stock after selling 3,664 shares during the period. American Century Companies Inc.’s holdings in First Financial Bankshares were worth $1,309,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Fifth Third Bancorp raised its holdings in First Financial Bankshares by 161.5% during the first quarter. Fifth Third Bancorp now owns 714 shares of the bank’s stock worth $26,000 after buying an additional 441 shares during the last quarter. Investment Research & Advisory Group Inc. bought a new stake in shares of First Financial Bankshares during the first quarter worth about $26,000. Assetmark Inc. raised its holdings in shares of First Financial Bankshares by 76.5% in the 1st quarter. Assetmark Inc. now owns 1,629 shares of the bank’s stock worth $59,000 after acquiring an additional 706 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of First Financial Bankshares by 245.6% in the 1st quarter. UMB Bank n.a. now owns 1,904 shares of the bank’s stock worth $68,000 after acquiring an additional 1,353 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in First Financial Bankshares by 89.9% in the 1st quarter. GAMMA Investing LLC now owns 1,927 shares of the bank’s stock valued at $69,000 after acquiring an additional 912 shares in the last quarter. Institutional investors and hedge funds own 69.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Keefe, Bruyette & Woods lifted their price target on First Financial Bankshares from $36.00 to $38.00 and gave the company a “market perform” rating in a research note on Friday, July 18th. Hovde Group raised their target price on First Financial Bankshares from $38.00 to $39.00 and gave the company a “market perform” rating in a report on Monday, July 21st. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat, First Financial Bankshares presently has a consensus rating of “Hold” and an average target price of $39.25.

First Financial Bankshares Stock Down 1.1%

First Financial Bankshares stock opened at $36.75 on Wednesday. First Financial Bankshares, Inc. has a 52 week low of $30.58 and a 52 week high of $44.66. The company’s 50 day moving average price is $36.26 and its two-hundred day moving average price is $35.51. The stock has a market cap of $5.26 billion, a P/E ratio of 21.37 and a beta of 0.89.

First Financial Bankshares (NASDAQ:FFIN) last released its earnings results on Thursday, July 17th. The bank reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.02. The company had revenue of $156.60 million during the quarter, compared to analyst estimates of $156.41 million. First Financial Bankshares had a return on equity of 14.69% and a net margin of 31.01%.During the same period in the prior year, the company posted $0.37 earnings per share. On average, equities 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 disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Monday, September 15th. First Financial Bankshares’s dividend payout ratio is 44.19%.

Insider Activity

In other First Financial Bankshares news, Director Michael B. Denny bought 5,000 shares of the stock in a transaction dated Friday, June 13th. The shares were bought at an average cost of $36.02 per share, for a total transaction of $180,100.00. Following the purchase, the director directly owned 108,708 shares of the company’s stock, valued at approximately $3,915,662.16. This trade represents a 4.82% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.96% of the stock is currently owned by corporate insiders.

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.