Fuller & Thaler Asset Management Inc. Has $34.25 Million Stock Position in First Financial Bankshares, Inc. $FFIN

Key Points

• Fuller & Thaler Asset Management Inc. increased its stake in First Financial Bankshares by 4.1%, owning 953,592 shares valued at $34.25 million.
• First Financial Bankshares recently reported $0.47 earnings per share, surpassing expectations and reflecting a year-over-year increase.
• The company announced a quarterly dividend of $0.19 per share, with a yield of 2.1%, payable to investors on October 1st.

Fuller & Thaler Asset Management Inc. raised its stake in shares of First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) by 4.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 953,592 shares of the bank's stock after purchasing an additional 37,733 shares during the quarter. Fuller & Thaler Asset Management Inc. owned 0.67% of First Financial Bankshares worth $34,253,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in FFIN. Fifth Third Bancorp boosted 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 valued at $26,000 after purchasing an additional 441 shares in the last quarter. Investment Research & Advisory Group Inc. acquired a new stake in First Financial Bankshares during the first quarter valued at approximately $26,000. Assetmark Inc. boosted its holdings in First Financial Bankshares by 76.5% during the first quarter. Assetmark Inc. now owns 1,629 shares of the bank's stock valued at $59,000 after purchasing an additional 706 shares in the last quarter. UMB Bank n.a. boosted its holdings in First Financial Bankshares by 245.6% during the first quarter. UMB Bank n.a. now owns 1,904 shares of the bank's stock valued at $68,000 after purchasing an additional 1,353 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of First Financial Bankshares by 89.9% in the first quarter. GAMMA Investing LLC now owns 1,927 shares of the bank's stock valued at $69,000 after acquiring an additional 912 shares during the last quarter. 69.78% of the stock is owned by institutional investors and hedge funds.

First Financial Bankshares Trading Up 0.4%

NASDAQ:FFIN opened at $35.77 on Wednesday. The firm has a 50 day moving average of $36.00 and a 200-day moving average of $35.56. First Financial Bankshares, Inc. has a 1 year low of $30.58 and a 1 year high of $44.66. The stock has a market capitalization of $5.12 billion, a P/E ratio of 20.80 and a beta of 0.87.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The bank reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.02. First Financial Bankshares had a net margin of 31.01% and a return on equity of 14.69%. The firm had revenue of $156.60 million during the quarter, compared to analysts' expectations of $156.41 million. During the same quarter in the previous year, the company posted $0.37 EPS. As a group, analysts forecast that First Financial Bankshares, Inc. will post 1.78 EPS for the current fiscal year.

First Financial Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 2.1%. The ex-dividend date is Monday, September 15th. First Financial Bankshares's payout ratio is 44.19%.

Insiders Place Their Bets

In related news, Director Michael B. Denny acquired 5,000 shares of the company's stock in a transaction that occurred on Friday, June 13th. The stock was purchased at an average price of $36.02 per share, for a total transaction of $180,100.00. Following the transaction, 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 acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last three months, insiders have purchased 5,850 shares of company stock valued at $210,839. Insiders own 3.96% of the company's stock.

Analyst Upgrades and Downgrades

FFIN has been the subject of a number of research analyst reports. Hovde Group lifted their target price on shares of First Financial Bankshares from $38.00 to $39.00 and gave the company a "market perform" rating in a research note on Monday, July 21st. Keefe, Bruyette & Woods lifted their target price on shares of 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. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $39.25.

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.

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