Mutual of America Capital Management LLC Acquires 38,258 Shares of First Financial Bankshares, Inc. (NASDAQ:FFIN)

Mutual of America Capital Management LLC raised its stake in First Financial Bankshares, Inc. (NASDAQ:FFIN - Free Report) by 16.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 267,376 shares of the bank's stock after purchasing an additional 38,258 shares during the period. Mutual of America Capital Management LLC owned approximately 0.19% of First Financial Bankshares worth $8,101,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of FFIN. Ballentine Partners LLC bought a new position in shares of First Financial Bankshares during the 4th quarter worth about $352,000. Kingsview Wealth Management LLC bought a new position in shares of First Financial Bankshares during the 3rd quarter worth about $593,000. Tudor Investment Corp Et Al bought a new position in shares of First Financial Bankshares during the 3rd quarter worth about $2,424,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of First Financial Bankshares during the 3rd quarter worth about $1,758,000. Finally, Aigen Investment Management LP lifted its holdings in shares of First Financial Bankshares by 209.9% during the 3rd quarter. Aigen Investment Management LP now owns 35,657 shares of the bank's stock worth $896,000 after acquiring an additional 24,152 shares during the period. 69.78% of the stock is owned by institutional investors.

First Financial Bankshares Trading Down 1.8 %

Shares of First Financial Bankshares stock traded down $0.53 during mid-day trading on Friday, reaching $29.68. 318,282 shares of the stock were exchanged, compared to its average volume of 505,979. The company has a market cap of $4.24 billion, a price-to-earnings ratio of 21.58 and a beta of 0.82. The firm has a 50-day simple moving average of $31.33 and a 200 day simple moving average of $28.66. First Financial Bankshares, Inc. has a fifty-two week low of $22.84 and a fifty-two week high of $33.15.

First Financial Bankshares (NASDAQ:FFIN - Get Free Report) last announced its earnings results on Thursday, January 25th. The bank reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.34 by ($0.02). The firm had revenue of $119.49 million for the quarter, compared to analyst estimates of $125.09 million. First Financial Bankshares had a return on equity of 14.53% and a net margin of 31.28%. The company's revenue for the quarter was down 9.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.41 EPS. On average, research analysts predict that First Financial Bankshares, Inc. will post 1.45 EPS for the current fiscal year.

First Financial Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend was Thursday, March 14th. First Financial Bankshares's payout ratio is presently 51.43%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on FFIN shares. Stephens raised their price objective on shares of First Financial Bankshares from $30.00 to $32.00 and gave the stock an "equal weight" rating in a report on Friday, January 26th. Truist Financial reduced their price objective on shares of First Financial Bankshares from $35.00 to $34.00 and set a "hold" rating for the company in a report on Monday, April 1st. Finally, Keefe, Bruyette & Woods increased their target price on shares of First Financial Bankshares from $30.00 to $31.00 and gave the stock a "market perform" rating in a research report on Friday, January 26th. One equities research analyst has rated the stock with a sell rating and three have given a hold rating to the company. Based on data from MarketBeat.com, First Financial Bankshares presently has a consensus rating of "Hold" and an average price target of $30.75.

First Financial Bankshares Company 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.